(News Bulletin 247) – A clearly affirmed bullish momentum on the SCHNEIDER ELECTRIC share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

KEY GRAPHIC ELEMENTS

The daily data chart analysis of the SCHNEIDER ELECTRIC share makes it possible to identify an uptrend 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), background trend line, is in a bullish acceleration phase (increase in the Vz, rising speed). The trading volume is on the rise, a technical data favorable to our anticipation.

FORECAST

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

Active investors will take a buying position on the SCHNEIDER ELECTRIC share price at €158.50 with a target of €190,000 in sight. They will protect their capital by placing a stop at €147,900.

The News Bulletin 247 board

SCHNEIDER ELECTRIC
Positive 158.500 €
Objective :
€190,000
Potential :
+19.87%
Stop:
€147,900
Resistance(s):
160,000 / 168,900 / 175,000
Medium(s):
148,000 / 142,400 / 130,600

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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