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. Furthermore, the RSI is showing signs of fragility as it is particularly overbought. The overbought nature of the market is also confirmed by the high level of stochastics. 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 9.78 EUR, then at 8.52 EUR and the resistance is at 13.58 EUR, then at 14.85 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 08/08 | 11.94 |
| Background trend | Bullish | MM20 | 11.05 |
| Bracket 1 | 9.78 | MM50 | 9.34 |
| Bracket 2 | 8.52 | ROI | 79.38 |
| Resistance 1 | 13.58 | MACD | 0.85 |
| Resistance 2 | 14.85 | Stochastic | 97.96 |
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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.