Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook for the index. The RSI does not indicate an oversold yet so further decline is technically possible. Below 20, stochastics are extremely low. 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 12104.2. The 20-day moving average is lower than the 50-day moving average. Our first support is at 10326.04 PTS, then at 9968.89 PTS and resistance is at 12468.93 PTS, then at 12826.08 PTS
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 09/23 | 11,066.80 |
| Background trend | Bearish | MM20 | 11,754.64 |
| Bracket 1 | 10,326.04 | MM50 | 12,104.20 |
| Bracket 2 | 9,968.89 | ROI | 32.64 |
| Resistance 1 | 12,468.93 | MACD | – 257.43 |
| Resistance 2 | 12,826.08 | Stochastic | 4.95 |
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.