Our pivot point is at 4633.
Our preference: the downside prevails as long as 4633 is resistance.
Alternative scenario: the upside breakout of 4633, would call for 4744 and 4810.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4566 and 4585).
Supports and resistances:
4810 **
4744 *
4633 **
4589
4538 last
4403
4337 **
4271 *
4205 **
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 09-19-2025 at 10:41 UTC+1
Price reference: 4538 last known on 09-19-2025 at 10:41 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