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Based on a graphic argument, BFM Stock Exchange analysts have selected Safran for active investors.
Key graphics elements
The graphic analysis in daily data of the Safran action makes it possible to identify a short -term upward and medium term trend. In terms of trend indicators, the mobile average at 50 days (in orange) acts as a support for courses, materializing the power of the primary trend. The exchange volume is increasing, technical data favorable to our anticipation. Finally, the dynamics of the Bollinger bands at this stage augurs for an energy release, as well as the support of the mobile average at 20 days on the substantial trend curve previously mentioned.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Safran action in the short term.
Active investors will take a position on purchase on the Safran title during € 296,400 with a target at € 349,000 in sight. They will protect their capital by placing a stop at € 274,000.
The News Bulletin 247 Council
Daily data graphics
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