Our pivot point stands at 165.05.
Our preference: the downside prevails as long as 165.05 is resistance.
Alternative scenario: above 165.05, look for 165.73 and 166.13.
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 is trading under both its 20 and 50 period moving average (respectively at 165.12 and 164.92).
Supports and resistances:
166.13 **
165.73 *
165.05 **
164.79
164.51 last
163.61
163.21 **
162.81 *
162.41 **
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 04-04-2023 at 21:56 UTC+1
Price reference: 164.51 last known on 04-04-2023 at 21:56 UTC+1
Investment horizon: INTRADAY