Informa PLC : Close to resistance levels
Entry price | Target | Stop-loss | Potential |
---|
GBX 0 |
GBX 0 |
GBX 534.65 |
+-NaN% |
---|
The approach to the GBp 526 resistance could renew the bearish movement.
Fundamentals on Informa remain extremely volatile. Analysts revised downwards the EPS of the group and it announces important falls to come in terms of profitability and a slowdown in their activity.
Technically, prices are currently in contact with its downward trendline. This situation could lead to some profit taking. Moreover the GBp 526 level proximity act as an additional bearish pressure. The present configuration could so, lead prices toward the GBp 483 support.
Most active investors could open short positions on Informa at current prices. The target being set at GBp 495 (20-day moving average) and GBp 483.2. A stop loss could be placed at GBp 534.65, threshold invalidating the bearish strategy.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.