Our pivot point stands at 588.8.
Our preference: rebound towards 616.2.
Alternative scenario: the downside breakout of 588.8 would call for 578.7 and 572.7.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (596.5) but below its 50 period moving average (605).
Supports and resistances:
628.3 **
622.3 *
616.2 **
610.2
597.5 last
592.7
588.8 **
578.7 *
572.7 **
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 05-24-2024 at 15:50 UTC+1
Price reference: 597.5 last known on 05-24-2024 at 15:50 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