MTC Stock Analysis

МТС Stock  continues the sideways movement above the 322.47 support above the 20-7 moving averages, where the sideways path remains the dominant arrow movement.

The average forms 50 support levels as it moves below the price near the support.

We note that the stochastic oscillator gained a good momentum to rise, but this did not have a clear impact on the stock's movement.

Thus, we will continue to favor the sideways trend provided stability above 322.50, as breaching this level is considered an important negative key that will lead the price to try to restore the downside movement and head towards the initially areas of 301.40.

The expected trading range is between 322.47 support and 340.60 resistance

Expected trend for today: neutral