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 RSI is above 50, this confirms a good orientation of the index. 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
Since the lowest at 13352.78 PTS, the index is in a technical recovery phase towards its 50-day moving average located at 14920.87: the behavior of prices at this level will allow us to consider the continuation of the movement in the medium term. To lighten the position, we can wait to test the short-term resistances located at 15097.65 PTS and 16025.31 PTS. The supports are at 12778.49 PTS then at 12314.66 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price on 10/02 | 14,490.37 |
| Background trend | Negative | MM20 | 14,169.98 |
| Bracket 1 | 12,778.49 | MM50 | 14,920.87 |
| Bracket 2 | 12,314.66 | ROI | 51.26 |
| Resistance 1 | 15,097.65 | MACD | – 223.42 |
| Resistance 2 | 16,025.31 | Stochastic | 76.31 |
Technical analysis provided by © TEC
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.