Long term: lower
On a yearly basis, Bollinger band spread is not minimal, Bollinger bands could be flat. Our 7 / 23 moving averages will be without main trend. Our stochastic could be overbought next period.
On a quarterly basis, the status for our stochastic and MACD is a bearish no-crossover. Next pattern for our 7 / 23 quarters moving averages could be a bearish A type crossover. As long as MQ proves to be a support (end of period), the decline in progress is only a technical move. Below MQ (at the close), LQ will be our main target.
On a monthly basis, the UM / LM spread was maximal but shrinking. A bearish A type crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is overbought. A bullish no-crossover is in progress with PM. With a new high next month (Vs this month), a rise will develop.
Idea: quarterly bearish no-crossover Vs monthly bullish no-crossover = without clear trend until June
Bet: LM / MY as a target if PM fail as a support.
R = MM (1.3882); S= MQ (1.3567), PM (1.3314), LM (1.2527)
Medium term: bearish parallel pattern
On a weekly basis, a bearish parallel qualification is in progress.
Idea: use bearish parallel rules
Bet: towards MW if PW fails as a resistance
R = PW (1.3921), MW (1.425); S = MD (1.3621)
Short term: UD / LD spread is minimal
On a daily basis, a bullish A type crossover is in progress with our 7 / 23 days moving averages. A bullish no-crossover is the status for our stochastic and our MACD is oversold. As long as our MACD is not overbought, the recovery in progress will continue.
Idea: no bullish T1 could develop with weekly trend
Bet: end of recovery below MD
R = PW (1.3921); S = MD (1.3621)
Conclusion: towards MW above PW, otherwise towards LM below PM.