(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ICADE for active investors.
KEY GRAPHIC ELEMENTS
While the Bollinger bands are tightening, suggesting an increase in volatility, and the 20-day moving average (in dark blue) is preparing to reconquer the 50-day moving average (in orange), the stock, oversold , is a candidate for a nice reaction, especially since the 20/20.40 euros constitute a satisfactory level of support, and the signal sent by the dynamics of the RSI (relative strength) is very encouraging.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ICADE stock in the short term.
Active investors will take a purchase position on ICADE shares at a price of €22,880 with a target of €26,690 in their sights. They will protect their capital by placing a stop at €20,940.
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.
