Our pivot point stands at 724.6.
Our preference: the downside prevails as long as 724.6 is resistance.
Alternative scenario: the upside breakout of 724.6, would call for 738.4 and 746.7.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 720.2 and 718.9).
Supports and resistances:
746.7 **
738.4 *
724.6 **
719.1
713.6 last
691.6
683.5 **
675.3 *
667.1 **
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 12-18-2024 at 08:50 UTC+1
Price reference: 713.6 last known on 12-18-2024 at 08:50 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