Our pivot point stands at 161.42.
Our preference: rebound towards 163.10.
Alternative scenario: the downside breakout of 161.42 would call for 160.80 and 160.44.
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 above its 20 period moving average (161.90) but under its 50 period moving average (162.21).
Supports and resistances:
163.83 **
163.47 *
163.10 **
162.74
161.98 last
161.66
161.42 **
160.80 *
160.44 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-23-2025 at 22:32 UTC+1
Price reference: 161.98 last known on 05-23-2025 at 22:32 UTC+1
Investment horizon: INTRADAY
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