Our pivot point stands at 16.48.
Our preference: the upside prevails as long as 16.48 is support.
Alternative scenario: the downside breakout of 16.48 would call for 16.01 and 15.73.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 16.79 and 16.72).
Supports and resistances:
18.27 **
17.98 *
17.70 **
17.42
16.86 last
16.67
16.48 **
16.01 *
15.73 **
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 04-28-2025 at 14:59 UTC+1
Price reference: 16.86 last known on 04-28-2025 at 14:59 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