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 rise to continue in the days to come. The RSI is above 50, this confirms a good direction of the title. Stochastic indicators are not giving clear signals for the days to come. The volumes traded are lower than the average volumes over the last 10 days.
Movements and levels
Since the low at 28.17 EUR, the stock is in a phase of technical recovery towards its 50-day moving average located at 31.05: the behavior of prices on this level will allow us to consider the continuation of the movement in the medium term. To reduce the position, we can wait to test the short-term resistances located at 31.98 EUR and 33.01 EUR. The supports are at 27.88 EUR then at 26.85 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price as of 12/29 | 30.05 |
| Underlying trend | Negative | MM20 | 29.42 |
| Support 1 | 27.88 | MM50 | 31.05 |
| Support 2 | 26.85 | RSI | 50.14 |
| Resistance 1 | 31.98 | MACD | – 0.37 |
| Resistance 2 | 33.01 | Stochastic | 77.20 |
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Technical Analysis provided by TEC © 2021. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given moment and which is liable to change at any time. The concepts 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 him.