Vallourec: bearish below 14.4 (AT)

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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).

Technical Analysis
TendencyCalculated data
Technical noticeNeutralCourse on 02/1013.66
Basic trendBearishPivot14.40
Bracket 112.00Additional distance 1– 1.66
Bracket 211.50Additional distance 2– 2.16
Resistance 114.40Additional variation 1-12.15%
Resistance 215.10Additional variation 2-15.81%
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