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The title of the real estate group benefits from the renewed interest of investors for the sector. The property is distinguished by a particularly attractive valuation, with a per estimated the profits for this year, and less than 5 for next year.
Key graphics elements
Technically, the title has been changing for several weeks in an accumulation area between 20 and 21 euros. The repeated presence of Haussiers candlesticks indicates an underlying buyer bias, strengthening the hypothesis of an accumulation. The attentive investor will be able to anticipate one outing from above, especially since several values in the same sector have recently experienced bullish movements marked, leaving the title late. The stabilization of the RSI, combined with a revival of buyers volumes observed for 48 hours, suggests that a directional movement could soon be triggered.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Icade action in the short term.
Active investors will take a position on purchase on the Icade title in € 21,320 with a target at 23,680 € online in sight. They will protect their capital by placing a stop at € 19,880.
The News Bulletin 247 Council
Daily data graphics
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