(News Bulletin 247) – The stock is defensive by nature and is holding up well in this volatile context. With a dividend yield of nearly 5% and improving fundamental data, the group appears attractive.
Technical Section: The value has been evolving for several months in a trading range. According to theory, this figure is statistically an accumulation figure, therefore with a higher probability of exiting upwards than downwards. The last upward leg and the presence of buying volumes encourage taking a position with the resistance located at €33 as the target.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on VEOLIA ENVIRON. stock in the short term.
Active investors will take a buy position on the VEOLIA ENVIRON share at a price of €29,100 with a target of €33,000 in sight. They will protect their capital by placing a stop at €27,980.
The News Bulletin 247 council
DAILY DATA CHART
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