From a chartist point of view, the stock price is posting a rebound and remains supported by its rising 20DMA currently at 42.38E. The daily Relative Strength Index (RSI, 14) is bullish and not overbought. However, the stock price faces a challenging resistance at 45E (January 2020 high). Investors have to remain cautious as these levels may trigger profit taking. The bias remains bullish above 36.68E. A break above 45E would open a path to see 47.9E (Fibonacci projection). Alternatively, a push below 39.68E would call for a reversal down trend towards 36.8E and 33.4E.
Source: GAIN Capital, TradingView