Synthesis
The MACD is positive and above its signal line. This configuration confirms the right orientation of the title. Nevertheless, the RSI is in the overbought zone, we can expect a technical correction in the short term. Stochastics are not overbought, leaving medium-term upside potential intact. The volumes traded are lower than the average volume over the last 10 days.
Movements and Levels
The stock is trending up. It is above its 50-day moving average. The 20-day moving average is higher than the 50-day moving average. The support is at 11.92 EUR, then at 11.88 EUR and the resistance is at 12.09 EUR, then at 12.14 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price on 08/18 | 12.00 |
| Background trend | Bullish | MM20 | 11.96 |
| Bracket 1 | 11.92 | MM50 | 11.91 |
| Bracket 2 | 11.88 | ROI | 78.19 |
| Resistance 1 | 12.09 | MACD | 0.03 |
| Resistance 2 | 12.14 | Stochastic | 79.09 |
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Technical Analysis provided by TEC ©2023. 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.