Our pivot point is at 196.25.
Our preference: The upside prevails as long as 196.25 is support, with 197.43 and 197.70 as targets
Alternative scenario: below 196.25, expect 195.79 and 195.52.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 196.69 and 196.68).
Supports and resistances:
197.98 *
197.70 **
197.43
196.73 last
196.25 **
195.79 *
195.52 **
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 08-18-2026 at 10:35 UTC+1
Price reference: 196.73 last known on 08-18-2026 at 10:35 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