Synthesis
13.7 is our pivot point.
Our preference : bullish as long as 13.7 is support.
Alternative scenario : in a break of 13.7, Vallourec could go to 13 and 12.6.
Comment
The RSI is above 50. The MACD is above its signal line and positive. Additionally, prices are above their 20 and 50 moving averages, currently located at 13.7133 and 12.9578.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices as of 05/01 | 14.29 |
| Basic trend | Neutral | Pivot | 13.70 |
| Bracket 1 | 13.70 | Additional distance 1 | 1.51 |
| Bracket 2 | 13.00 | Additional distance 2 | 1.91 |
| Resistance 1 | 15.80 | Additional variation 1 | +10.57% |
| Resistance 2 | 16.20 | Additional variation 2 | +13.37% |
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