Our pivot point stands at 16.52.
Our preference: the downside prevails as long as 16.52 is resistance.
Alternative scenario: the upside breakout of 16.52, would call for 17.01 and 17.30.
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 stands below its 20 and 50 period moving average (respectively at 16.34 and 16.61).
Supports and resistances:
17.30 **
17.01 *
16.52 **
16.33
16.05 last
15.47
15.18 **
14.89 *
14.60 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-23-2025 at 21:56 UTC+1
Price reference: 16.05 last known on 05-23-2025 at 21:56 UTC+1
Investment horizon: INTRADAY
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