Synthesis
The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD needs to cross zero for the upside to continue in the days ahead. The main indicator of the strength of the movement (RSI) shows that the technical situation is quite healthy as there is no overbought. Stochastic indicators do not give clear signals for the days ahead. The volumes traded are lower than the average volume over the last 10 days.
Movements and Levels
The index is trending down. It is below its 50-day moving average located at 31782.06. The 20-day moving average is lower than the 50-day moving average. Our first support is at 29526.2 PTS, then at 29085.21 PTS and resistance is at 32613.2 PTS, then at 33495.2 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Price on 15/07 | 30,772.79 |
| Background trend | Bearish | MM20 | 30,849.20 |
| Bracket 1 | 29,526.20 | MM50 | 31,782.06 |
| Bracket 2 | 29,085.21 | ROI | 42.66 |
| Resistance 1 | 32,613.20 | MACD | – 228.93 |
| Resistance 2 | 33,495.20 | Stochastic | 46.09 |
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Technical Analysis provided by TEC ©2022. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given time and which is subject to change at any time. The notions of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to them.