Our pivot point stands at 17.43.
Our preference: the downside prevails as long as 17.43 is resistance.
Alternative scenario: above 17.43, look for 17.91 and 18.20.
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 stands below its 20 and 50 period moving average (respectively at 17.13 and 17.09).
Supports and resistances:
18.20 **
17.91 *
17.43 **
17.24
17.06 last
16.48
16.20 **
15.91 *
15.63 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-29-2025 at 21:47 UTC+1
Price reference: 17.06 last known on 04-29-2025 at 21:47 UTC+1
Investment horizon: INTRADAY
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