(News Bulletin 247) – A clearly affirmed bullish momentum on the ENGIE share will invite active investors to position themselves for the purchase, as part of a swing trading.

KEY GRAPHIC ELEMENTS

Graphical analysis in daily data of the ENGIE 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. In the longer term, the 50-day moving average (in orange), the underlying trend line which validates its upward inflection, also constitutes a dynamic level of support. 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 view is bullish on ENGIE stock in the short term.

Active investors will take a buying position on the ENGIE stock at a price of €14,710 with a target of €16,780 in sight. They will protect their capital by placing a stop at €13,790.

The News Bulletin 247 board

ENGIE
Positive 14.710 €
Objective :
16.780 €
Potential :
+14.07%
Stop:
13.790 €
Resistance(s):
15,000 / 16,140 / 16,795
Medium(s):
14,100 / 13,500 / 12,580

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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