Synthesis
The MACD is negative, but it is above its signal line: the trend is changing. Now, the MACD needs to cross zero for the upside to continue in the days ahead. The RSI is above 50, this confirms a good orientation of the title. Stochastic indicators do not give clear signals for the days ahead. The volumes traded are higher than the average volume over the last 10 days.
Movements and Levels
From the low at EUR 9.78, the stock is in a technical recovery phase towards its 50-day moving average at 10.72: the behavior of prices at this level will make it possible to envisage the continuation of the movement in the medium term. To lighten the position, we can wait to test the short-term resistances located at 11.58 EUR and 11.96 EUR. The supports are at 8.92 EUR then at 8.54 EUR
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price on 08/06 | 10.55 |
| Background trend | Bearish | MM20 | 10.44 |
| Bracket 1 | 8.92 | MM50 | 10.72 |
| Bracket 2 | 8.54 | ROI | 51.30 |
| Resistance 1 | 11.58 | MACD | – 0.12 |
| Resistance 2 | 11.96 | Stochastic | 46.36 |
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Technical Analysis provided by TEC ©2023. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given time and which is subject to change at any time. The notions of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to them.