Volkswagen AG Technical Analysis

Volkswagen AG Technical Analysis

VOLKSWAGEN AG Technical Analysis: Weekly Chart

Volkswagen AG Technical Analysis

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

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 172.72 & the resistance level is at 189.34.

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

VOLKSWAGEN AG Technical Analysis: Daily Chart

Volkswagen AG Technical Analysis

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

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 177.53 & the resistance level is at 183.74.

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 180.29, TAKE PROFIT AT 177.53 AND STOP LOSS AT 183.74

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