Our pivot point stands at 20.22.
Our preference: as long as 20.22 is support look for 21.83.
Alternative scenario: below 20.22, expect 19.60 and 19.22.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 20.70 and 20.67).
Supports and resistances:
22.58 **
22.21 *
21.83 **
21.46
20.72 last
20.47
20.22 **
19.60 *
19.22 **
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 09-02-2025 at 10:38 UTC+1
Price reference: 20.72 last known on 09-02-2025 at 10:38 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