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According to analysts, the title should benefit from sustained growth in the coming years. Bernstein confirmed his overperformance recommendation, by raising his price of courses from 193 to 198 euros. The action is currently negotiated at levels close to its historic valuation average.
Key graphics elements
The title consolidates for several weeks and now returns to a major technical area: horizontal support, passage from the mobile average to 200 days, and the presence of an upper divergence from the RSI. Although apart from extreme areas, this divergence suggests a shortness of breath of the selling pressure and opens the way to a technical rebound. Buyer volumes tend to balance with the sales volumes. A fence below the MM200 would invalidate the scenario, while a rebound could allow a return to the recent summits.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Air Liquide action in the short term.
Active investors will take a position on purchase on the Air Liquide title during € 173,000 with a target at € 185,000 in sight. They will protect their capital by placing a stop at € 167,520.
The News Bulletin 247 Council
Daily data graphics
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