Vallourec: bullish as long as 12.7 is support (AT)


Synthesis

Our pivot point is located on : 12.7.

Our preference : bullish as long as 12.7 is support.

Alternative scenario : pressing 12.7 will trigger a return to 11.9 then 11.4.

Comment

The RSI is above its neutral zone of 50. The MACD is positive and above its signal line. Additionally, prices are above their 20 and 50 moving averages, currently located at 13.58 and 13.6779.

Technical analysis
TendencyCalculated data
Technical advicePositiveCourse as of 06/0313.88
Basic trendBullishPivot12.70
Bracket 112.70Additional distance 11.72
Bracket 211.90Additional distance 22.22
Resistance 115.60Additional variation 1+12.39%
Resistance 216.10Additional variation 2+15.99%
Technical Analysis provided by Trading Central ©2024. Trading Central is governed by the code of good conduct of ANACOFI-CIF, an association approved by the Financial Markets Authority and registered with ORIAS under number 17005458. Trading Central recommends reading the legal and regulatory information as well as the disclaimers regarding the information provided. This indicative information does not in any way constitute an inducement to sell or buy. The reader remains solely responsible for their interpretation and use of the information made available to them.



Source link -87