Synthesis
The MACD is negative and below its signal line. This configuration degrades the outlook on the title. 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
After a high at EUR 37.75, the stock is correcting towards the 50-day moving average at 34.89: the behavior of prices at this level will make it possible to envisage the continuation of the movement in the medium term. The first buying points (or short-term supports) are at 31.7 EUR and 30.8 EUR. Resistances are at 37.08 EUR and 38.87 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Price on 22/12 | 35.12 |
| Background trend | Bullish | MM20 | 36.18 |
| Bracket 1 | 31.70 | MM50 | 34.89 |
| Bracket 2 | 30.80 | ROI | 45.90 |
| Resistance 1 | 37.08 | MACD | – 0.06 |
| Resistance 2 | 38.87 | Stochastic | 13.09 |
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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.