Our pivot point stands at 13.94.
Our preference: target 12.80.
Alternative scenario: the upside breakout of 13.94, would call for 14.36 and 14.62.
Comment: the RSI is below its neutrality area at 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 its 20 period moving average (13.75) but above its 50 period moving average (13.46).
Supports and resistances:
14.62 **
14.36 *
13.94 **
13.77
13.59 last
13.05
12.80 **
12.54 *
12.29 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-20-2025 at 15:06 UTC+1
Price reference: 13.59 last known on 11-20-2025 at 15:06 UTC+1
Investment horizon: INTRADAY
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