Our pivot point stands at 18.77.
Our preference: as long as 18.77 is support look for 20.02.
Alternative scenario: below 18.77, expect 18.31 and 18.04.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.12 and 18.95).
Supports and resistances:
20.57 **
20.29 *
20.02 **
19.74
19.19 last
18.95
18.77 **
18.31 *
18.04 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-28-2025 at 06:07 UTC+1
Price reference: 19.19 last known on 07-28-2025 at 06:07 UTC+1
Investment horizon: INTRADAY
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