Synthesis
The MACD is positive but below its signal line. The current dynamic is interrupted. In the event that the MACD turns negative, the price decline could continue. Power indicators, such as the RSI, do not give us any particular short-term indications. 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
After a high at EUR 12, the stock is correcting towards the 50-day moving average at 11.78: the behavior of prices at this level will make it possible to envisage the continuation of the movement in the medium term. The first buy points (or short-term supports) are at 11.82 EUR and 11.76 EUR. Resistances are at 12.02 EUR and 12.08 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 22/09 | 11.90 |
| Background trend | Bullish | MM20 | 11.95 |
| Bracket 1 | 11.82 | MM50 | 11.78 |
| Bracket 2 | 11.76 | ROI | 58.87 |
| Resistance 1 | 12.02 | MACD | 0.09 |
| Resistance 2 | 12.08 | Stochastic | 51.70 |
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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.