Our pivot point stands at 63.7.
Our preference: the downside prevails as long as 63.7 is resistance.
Alternative scenario: above 63.7, look for 65.1 and 65.9.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63 and 63.2).
Supports and resistances:
65.9 **
65.1 *
63.7 **
63.2
62.6 last
60.9
60.1 **
59.3 *
58.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-07-2024 at 21:51 UTC+1
Price reference: 62.6 last known on 09-07-2024 at 21:51 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf