624.4 is our pivot point.
Our preference: the downside prevails as long as 624.4 is resistance.
Alternative scenario: above 624.4, look for 633.4 and 638.8.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading above its 20 period moving average (617.2) but under its 50 period moving average (624.3).
Supports and resistances:
638.8 **
633.4 *
624.4 **
620.8
617.3 last
601.2
595.9 **
590.6 *
585.3 **
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 11-15-2024 at 21:51 UTC+1
Price reference: 617.3 last known on 11-15-2024 at 21:51 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