Synthesis
The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD must cross zero for the rise to continue in the coming days. The main Movement Strength Indicator (RSI) shows that the technical situation is quite healthy as there is no overbought. Stochastic indicators do not give clear signals for the days to come. The volumes traded are lower than the average volume over the last 10 days.
Moves and Levels
The stock is trending downward. It is below its 50-day moving average located at 11.76. The 20-day moving average is below the 50-day moving average. Our first support is at 9.95 EUR, then at 9.59 EUR and resistance is at 12.07 EUR, then at 12.42 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Price on 26/10 | 10.93 |
| Basic trend | Bearish | MM20 | 11.01 |
| Bracket 1 | 9.95 | MM50 | 11.76 |
| Bracket 2 | 9.59 | ROI | 42.65 |
| Resistance 1 | 12.07 | MACD | – 0.21 |
| Resistance 2 | 12.42 | Stochastic | 57.65 |
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