(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected QUADIENT for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the QUADIENT share makes it possible to identify an upward trend in the short term as well as in the medium term, since the progressive reversal of polarity in April, in rounded bottom. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks allows us to identify a white marubozu configuration dating from the session of 05/28/2024. According to Japanese candlestick analysis, the white marabozu (or long white) has positive consequences for prices.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on QUADIENT stock in the near term.
Active investors will take a purchase position on the QUADIENT stock at a price of €23 with a target of €27,990 in their sights. They will protect their capital by placing a stop at €20,940.
News Bulletin 247 advice
DAILY DATA CHART
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