Long term: MM (99.09) = strong resistance
On a yearly basis, a close occurred below LY and Bollinger bands are slowly down. A bearish non-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought. The decline in progress could continue.
On a quarterly basis, UQ / LQ spread is expending. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD are overbought with a bearish non-crossover in progress for each one. Decline will continue for some periods.
On a monthly basis, UQ / LQ spread is far away from its minimal level. A bearish non-crossover for our 7 / 23 months moving averages is in progress.
Idea: 87.13 (current low) is our first objective.
R = MM (99.05); S = 87.13, 79.70 (Historical low).
Medium term: decline without bearish pattern
On a weekly basis, Bollinger bands spread is increasing. With our 7 / 23 weeks moving averages, a bearish non-crossover is in progress. Our monthly MACD is not neutral: no bearish ATDMF pattern could develop on a weekly basis. As long as our weekly MACD is not oversold, the decline could amplify.
Idea: lower as long as MW = resistance
R = MW (94.33); S = 87.13
Short term: main trend is down
On a daily basis, Bollinger bands spread is not minimal. A bearish A type crossover is in progress with our 7 / 23 days moving averages. The status for our MACD is a bearish non-crossover. Decline will continue as long as MD proves to be a resistance.
Idea: nothing to do.
R = MD (91.27); S = 87.13
Conclusion: weak on a medium term basis.