Our pivot point is at 521.6.
Our preference: rebound towards 562.2.
Alternative scenario: the downside breakout of 521.6 would call for 505.8 and 496.5.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 535.4 and 539.1).
Supports and resistances:
580.9 **
571.5 *
562.2 **
552.8
534.0 last
527.8
521.6 **
505.8 *
496.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-18-2024 at 02:36 UTC+1
Price reference: 534.0 last known on 04-18-2024 at 02:36 UTC+1
Investment horizon: INTRADAY
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