Indice SBF 120 (PX4.SBF120)

Short term

Investors have accepted lower prices over time to get out of Indice SBF 120 and the index is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Indice SBF 120. The index has support at points 5420 and resistance at points 5580. The index is assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative (Score: -41)

Medium term

Investors have accepted lower prices over time to get out of Indice SBF 120 and the index is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Indice SBF 120. A head and shoulders formation is under development. A decisive break of the support at 5374, ideally with an increase in volume, signals a further fall. The index has support at points 5400 and resistance at points 5660. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -39)

Long term

Indice SBF 120 is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. A head and shoulders formation is under development. A decisive break of the support at 5374, ideally with an increase in volume, signals a further fall. The index is between support at points 5160 and resistance at points 5700. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive (Score: 50)