Long term: weak
On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish. Stochastic is overbought. UY is our main resistance and MY is our main support.
On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for our MACD. LQ is our first objective.
On a monthly basis, the UM / LM spread is above a reference one. A bearish no-crossover is the status for our stochastic. LM is our first support and MM is our main resistance.
Idea: lower as long as our monthly stochastic is not oversold
Bet: a quarterly bearish no-crossover will develop with our moving averages.
R= MM (1.3695); S= LM (1.2717)
Medium term: weak
On a weekly basis, a bearish type A will develop.
Idea: lower with an overbought status for our stochastic
Bet: MACD will be overbought.
R = MW (1.3132), UW (1.3488); S = LW (1.2777)
Short term: weak
On a daily basis, UD / LD spread is a reference one. No PEI is in progress.
Idea: LD is our first support
Bet: bearish pre-parallel before early May.
R = MD (1.3206); S = MD (1.3012).
Conclusion: weak without a strong trend.
