The stock is well-supported and heading for the clouds. Both indicators are positive, however, RSI is heavily in overbought territory. A short-term dip could arise.

From a technical overview, the stock's share price currently sits at €107.70 per share. The stock is well-supported with support levels at €105.49 then at €104.67 and then followed by major support at €103.79. A break below the major support could see the stock's share price dip losing some of its well-earned gains since the start of October 2022. On the other hand, towards the upside, the resistance sits at €108.30 then at €109.24 then there is the major resistance level at €111.03. A break above the major resistance level may see the stock head high towards the €113-€115 price range. Looking at the indicators, MACD is slightly positive and RSI reads 83, both are positive. However, RSI is heavily in the 'overbought' territory. Hence, a potential short-term bearish trend could arise if resistance on the way up is overpowering.