(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ENGIE for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ENGIE share makes it possible to identify a short-term upward trend. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. This trend line has just crossed upwards, at a significant angle, its 50-day counterpart (in orange), a basic trend line which is currently trending upwards.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on ENGIE stock in the short term.
Active investors will take a buying position on ENGIE shares at a price of €15,515 with a target of €16,990 in their sights. They will protect their capital by placing a stop at €15,090.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
