Our pivot point is at 61.7.
Our preference: The downside prevails as long as 61.7 is resistance, with 59.0 and 58.4 as targets
Alternative scenario: above 61.7, look for 62.8 and 63.4.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 61.3 and 61.5).
Supports and resistances:
63.4 **
62.8 *
61.7 **
60.3 last
59.0
58.4 **
57.8 *
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 10-22-2026 at 07:45 UTC+1
Price reference: 60.3 last known on 10-22-2026 at 07:45 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