Yearly trend: UQ = strong resistance

On a yearly basis, UY is flattening. The status for our MACD is a bullish non-crossover ( but our MACD is less strong). Our 7 / 23 years moving averages are always on a bull trend.

Idea: higher, but…

Bet: follow dynamic for Bollinger Bands spread.

 

Long term: technical recovery

On a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bearish B type crossover could develop. Stochastic and MACD are not oversold. The technical recovery in progress could stop at any time. UQ is too far away, to be a target.

On a monthly basis, the spread UM / LM is maximal. With our 7 / 23 months moving averages, a bullish B type crossover will develop but a bearish no-crossover is likely. As long as our stochastic is not overbought, the rise in progress could continue.

Idea: a close below MM will be a bearish pre-signal

Bet: towards LM with a bearish no-crossover as a status for our 7 / 23 months moving averages.

R= 83.95 (current high),    S= MM (74.50, end of period), LW (67.93)

 

Medium term: without trend

On a weekly basis, the level of volatility is not far away from its minimal level. With our 7 / 23 weeks moving averages, a weak bullish non-crossover is in progress. Our stochastic and MACD are overbought. With the monthly trend, no bullish pattern could develop.

Idea: LW should be a support

Bet: bearish pre-parallel pattern.

R = MW (75.67), UW (83.41);     S = LW (67.93)

  

Short term: weak

On a daily basis, UD / LD spread is increasing. With our weekly trend, no bearish pattern could develop. As long as MD proves to be a resistance, a bearish pre-parallel pattern could develop.

Idea: end of multi-months recovery if MD acts as a resistance.

Bet: MD will be a strong resistance.

R = MD (79.43);          S = LW (67.93)

 

 

Conclusion: not higher than MW.