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

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the SCHNEIDER ELECTRIC share makes it possible to identify a bullish trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a double dip in SCHNEIDER ELECTRIC stock prices, formed on March 24 and April 06, for the actual dips. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices, from the marubozu of April 14. The position will be held as long as this trendline gravitates below the closing prices.

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 €165.92 with a target of €199,000 in sight. They will protect their capital by placing a stop at €154,900.

The News Bulletin 247 board

SCHNEIDER ELECTRIC
Positive €165,920
Objective :
€199,000
Potential :
+19.94%
Stop:
€154,900
Resistance(s):
185,000 / 200,000
Medium(s):
160,800 / 157,000 / 151,600

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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