Our pivot point stands at 16.41.
Our preference: under pressure below 16.41.
Alternative scenario: the upside breakout of 16.41, would call for 16.79 and 17.02.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16.16 and 16.13).
Supports and resistances:
17.02 **
16.79 *
16.41 **
16.26
16.12 last
15.67
15.44 **
15.22 *
14.99 **
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 06-28-2025 at 08:47 UTC+1
Price reference: 16.12 last known on 06-28-2025 at 08:47 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