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
|Technical advice||Negative||Price on 09/23||11,066.80|
|Resistance 1||12,468.93||MACD||– 257.43|
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