(News Bulletin 247) – Based on a graphical argument, News Bulletin 247 analysts have selected VALLOUREC for active investors.

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the VALLOUREC share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. The 50-day moving average (in orange), the background trend line, is in the midst of a bullish acceleration phase. The trading volume is on the rise, a technical data favorable to our anticipation. The very structure of the consolidation built since January 19 militates for a solid configuration.

FORECAST

In view of the key chart factors that we have mentioned, our view is bullish on VALLOUREC stock in the short term.

Active investors will take a buying position on the VALLOUREC share price at €13,760 with a target of €15,990 in sight. They will protect their capital by placing a stop at €12,390.

The News Bulletin 247 board

VALLOUREC
Positive 13.760 €
Objective :
15.990 €
Potential :
+16.21%
Stop:
12.390 €
Resistance(s):
15,000 / 16,000
Medium(s):
12,980 / 12,400 / 11,340

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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