Our pivot point stands at 19.75.
Our preference: rebound towards 21.27.
Alternative scenario: the downside breakout of 19.75 would call for 19.16 and 18.81.
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 stands below its 20 and 50 period moving average (respectively at 20.23 and 20.31).
Supports and resistances:
21.97 **
21.62 *
21.27 **
20.91
20.21 last
19.98
19.75 **
19.16 *
18.81 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 06:03 UTC+1
Price reference: 20.21 last known on 09-05-2025 at 06:03 UTC+1
Investment horizon: INTRADAY
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