(News Bulletin 247) – A clearly asserted upward dynamic on the SCHNEIDER ELECTRIC share will invite active investors to position themselves for purchase, as part of a swing trading.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the SCHNEIDER ELECTRIC stock makes it possible to identify an upward trend in the short term as well as in the medium term. No movement of slowing down of the trend, or overbought situation, is to be noted within the meaning of our battery of mathematical indicators. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SCHNEIDER ELECTRIC stock in the short term.
Active investors will take a purchase position on the SCHNEIDER ELECTRIC stock at a price of €213,750 with a target of €249,000 in their sights. They will protect their capital by placing a stop at €199,000.
News Bulletin 247 advice
DAILY DATA CHART
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