. VOLKSWAGEN AG TECHNICAL ANALYSIS, AND VOLKSWAGEN AG FORECAST

VOLKSWAGEN AG TECHNICAL ANALYSIS, AND VOLKSWAGEN AG FORECAST

05 Jul 2022

VOLKSWAGEN AG Technical Analysis: Weekly Chart

In the weekly charts, VOLKSWAGEN AG is trading in a down channel. VOLKSWAGEN AG is currently trading below all SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 155.97 & the resistance level is at 181.04.

VOLKSWAGEN AG will trade in down channel until there is trend reversal.

VOLKSWAGEN AG Technical Analysis: Daily Chart

In the daily charts, VOLKSWAGEN AG is trading in a down channel. VOLKSWAGEN AG is currently trading below all SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 165.34 & the resistance level is at 176.33.

VOLKSWAGEN AG will trade in down channel until there is trend reversal.   

How to Trade VOLKSWAGEN AG this Week:

VOLKSWAGEN AG will follow the downtrend until their trend reversal. So, remain bearish on VOLKSWAGEN AG.

TRADE SUGGESTION- SELL AT 165.44, TAKE PROFIT AT 165.34 AND STOP LOSS AT 167.97