Euronext PSI20 (PSI20.NDX)

Close: 6 184.84 (+53.94), May 25, 2022

Positive

Automatic technical analysis. Medium term, May 25, 2022

Euronext PSI20 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 5684. The objective at 6043 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 5700 points. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Period	Vol.bal.	Volatility	+/- %
1 day	-	0.81%	+0.88%
5 days	0.00	2.60%	+6.11%
22 days	0.00	6.61%	+4.12%
66 days	0.00	11.42%	+9.81%

More analyses of Euronext PSI20

Candlesticks

Short term: Positive

Medium term: Positive

Long term: Positive

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