Long term: neutral
On a yearly basis, a bearish no-crossover is the status for our stochastic and MACD but our 7 / 23 years moving averages are up. Below MY, 1000, 795 (current low) are our objectives.
On a quarterly basis, Bollinger Bands spread is near its minimal level. For our 7 / 23 quarters moving averages, the trend is up. As long as MQ proves to be a support, a decline is only a technical move. UQ is our main target.
On a monthly basis, UM / LM spread is maximal. Our stochastic could be oversold after our MACD. For our 7 / 23 months moving averages a weak A type bullish crossover is in progress. UM is our first target.
Idea: towards UQ as long as MM proves to be a support
Bet: bullish above PM.
R = PM (2031), UQ (2163); S = MM (1670)
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Medium term: recovery in progress
On a weekly basis, Bollinger bands spread is minimal. With our 7 / 23 weeks moving averages the status could be a bullish no-crossover before the end of October. A bullish no-crossover is in progress with our stochastic. PM is our first objective.
Idea: recovery could turn in rise
Bet: at least, higher for four weeks
R = PM (2031); S = MW (1850)
Short term: bullish
On a daily basis, UD / LD spread is increasing strongly. Without a bullish no-crossover for one of our indicators, PM could act as a resistance.
Idea: bullish as long as our MACD is not overbought
Bet: higher
R = PM (2031); S = MD (1848)
Conclusion: bullish on a medium term basis if PM fails as a resistance