Long term: bearish on a long term basis
On a yearly basis, Bollinger bands are down. A PEI is the status for our 7 / 23 years moving averages. Our stochastic and MACD are overbought. The decline in progress should continue for some periods.
On a quarterly basis, a bearish A type crossover is in progress. A PEI is the status for our stochastic and MACD. A qualification into a bearish parallel is not ruled out.
On a monthly basis; a bearish parallel pattern is always in progress. A PEI is in progress with our 7 / 23 months moving averages.
Idea: use monthly bearish parallel rules
Bet: towards 75 or lower.
R = PM (87.08); S = 79.70 (Historical low), 75, – – -.
Medium term: without trend
On a weekly basis, Bollinger bands are flat. A bearish no-crosover is in progress with our 7 / 23 weeks moving averages. With an overbought status for our MACD, LW will be our next objective.
Idea: bearish as long as MW proves to be a resistance
Bet: as long as our 7 weeks moving average is down, a bear trend could develop.
R = MW (82.50), UW (84.16); S = LW (80.75)
Short term: flat
On a daily basis, Bollinger spread is a reference one. With an oversold status for our stochastic and MACD, UD could be a target.
Idea: technical recovery in progress
Bet: UW is a strong resistance.
R = UD (83.09), UW (84.16); S = LD (81.57)
Conclusion: technical recovery in progress (end of fiscal year in March).