Yearly trend: UQ = strong resistance

On a yearly basis, LY is flat. 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 could be over soon

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. Next quarter, the status for our stochastic and MACD could be a bearish no-crossover. 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 but is shrinking. With our 7 / 23 months moving averages, a bearish no-crossover is not ruled out within 3 periods. As long as our stochastic is not overbought, the rise in progress could continue.

Idea: if our MACD is overbought before our stochastic, LM will be a target

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 (71.40, end of period), LW (68.94)

 

Medium term: without trend

On a weekly basis, the level of volatility is not far away from its minimal level. For our 7 / 23 weeks moving averages, the trend is flat. Our stochastic and MACD are overbought. MW will act as a resistance.

Idea: LW should be a support

Bet: bearish pre-parallel pattern.

R = MW (75.90);     S = LW (68.94)

  

Short term: weak

On a daily basis, UD / LD spread is not minimal. A bearish A type crossover is the status for our 7 / 23 days moving averages. With our weekly trend, no bearish pattern could develop. As long as our MACD is not oversold, the decline in progress could continue.

Idea: MD will be a strong resistance

Bet: nothing to do

R = MD (78.06);          S = LW (68.21)

 

 

Conclusion: end of multi-months recovery if MW acts as a resistance.