The MACD is negative and hovering below its moving average.
Our pivot is located at 38626
Foreseeable scenario: As long as the resistance at 38626 holds, the bearish scenario will prevail.
Alternative scenario: Above 38626, we expect 39867 and 40606 to be reached
Analysis: The RSI stands below the 50-point equilibrium line. The MACD is negative and hovering below its moving average. The setting is negative. Observe that the volumes have been on the rise for a few days.
Supports and resistance:
40606 **
39867 *
38626 **
38139
36625 (last trade)
36110
35372 **
34635 *
33898 **
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