Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

  • Short term:

    Bullish

  • Medium term:

    Bullish

  • Long term:

    Strong Bullish

Short term comment

The technical setup can be defined as neutral-bullish trading within a low-volatility range with a nearby ceiling at 2319.249 and a base in the 2200.507 area. A break of either boundary of this range would indicate the direction of the subsequent trend.

Long term comment

Between july 2025 and april 2026 there was a bullish phase that moved the prices from 1397.859 to 3219.649. This phase was corrected by a relevant bearish reaction that returned the quotation until 1942.737 on the 18th of july levels. Following this, the current rise from 1942.737 to 2344.208 has not reached the previous highs at 3219.649, an area of significant resistance.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3 Support 2 Support 1 Resistance 1 Resistance 2 Resistance 3
2192.5060 2253.8080 2286.0120 2347.3140 2376.4120 2437.7140

Alerts

Alerts
Priority Date Warning
Medium priority 11/08/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 11/08/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 11/08/26 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
High priority 11/08/26 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority 10/08/26 Being near (above) the short-term moving average, the price may react temporarily to the upside. However, a break below would turn the signal bearish.
Medium priority 10/08/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 10/08/26 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.
High priority 10/08/26 The price is close to a resistance level, so it is recommended to monitor behavior when reaching it.
Medium priority 07/08/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 07/08/26 Since the price is close to the moving average, it could strengthen to the upside, although quotes below it would signal a bearish reversal.
Medium priority 07/08/26 Some weakness shown by the fast stochastic may keep a lid on any meaningful positive move.

Thinking about investing?

In order to invest, you’ll first need to be a Smart Investor customer. Compare our accounts and choose the right one for you.

Compare accounts

The information contained on this website and in the tools, data, prices, news, charts, fundamentals and other content made available through it is provided by Communify Europe Limited, unless expressly stated otherwise.

The information is provided for informational purposes only. It does not constitute investment advice, a personal recommendation, investment research, a research recommendation, an invitation or inducement to engage in investment activity, or a recommendation to buy, sell or hold any share, company, fund, investment vehicle or other financial instrument. Communify Europe Limited does not assess the suitability or appropriateness of any investment for any user.

The information is based on sources that Communify Europe Limited considers reliable. However, Communify Europe Limited does not guarantee that the information is accurate, complete, current, uninterrupted, secure or error-free. Prices, quotes and trades may be delayed by at least fifteen minutes unless expressly stated to be provided in real time.

Past performance is not an indicator of future performance. Communify Europe Limited does not guarantee the return of any investment or the performance of any security, company, investment vehicle, index, underlying asset or market. The value of investments may rise or fall, and investors may lose all or part of the amount invested.

To the extent permitted by applicable law, Communify Europe Limited will not be liable for any loss or damage arising from use of the information contained on this website. Nothing in this notice excludes or limits liability for fraud, death or personal injury caused by negligence, breach of the duty to provide services with reasonable care and skill, or any other liability that cannot be excluded or limited under applicable law. Terms and conditions apply.

Copyright © 2026 Refinitiv, an LSEG business. All rights reserved.