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 bullish movement seems to have stopped. The index is below its 50-day moving average located at 12007.48. The first support is at 11058.68 PTS, then at 10676.73 PTS and the resistance is at 12968.46 PTS, then at 13350.42 PTS
|Technical advice||Negative||Price on 01/09||11,816.20|
|Resistance 1||12,968.46||MACD||– 31.47|
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