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Synthesis
14.4 is our pivot point.
Our preference : bearish under 14.4.
Alternative scenario : exceeding 14.4, Vallourec could go to 15.1 and 15.6.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The setup is bearish. Additionally, prices are below their 50 moving average (13.7697) but above their 20 moving average (13.622).
Tendency | Calculated data | ||
---|---|---|---|
Technical notice | Neutral | Course on 02/10 | 13.66 |
Basic trend | Bearish | Pivot | 14.40 |
Bracket 1 | 12.00 | Additional distance 1 | – 1.66 |
Bracket 2 | 11.50 | Additional distance 2 | – 2.16 |
Resistance 1 | 14.40 | Additional variation 1 | -12.15% |
Resistance 2 | 15.10 | Additional variation 2 | -15.81% |
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