Vallourec: bullish as long as 13.4 is support (AT)







Synthesis

13.4 is our pivot point.

Our preference : bullish as long as 13.4 is support.

Alternative scenario : pressing 13.4 will trigger a return to 12.6 then 12.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. Additionally, prices are above their 20 and 50 moving averages (located at 13.643 and 12.7564 respectively).

Technical analysis
TendencyCalculated data
Technical advicePositivePrices as of 12/3014.03
Basic trendNeutralPivot13.40
Bracket 113.40Additional distance 11.57
Bracket 212.60Additional distance 22.07
Resistance 115.60Additional variation 1+11.19%
Resistance 216.10Additional variation 2+14.75%
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