Schneider Electric SE : Good timing to go long again
Entry price | Target | Stop-loss | Potential |
---|
€128.48 |
€140 |
€122 |
+8.97% |
---|
The support at 124.85 EUR, which is currently being tested, should allow Schneider Electric SE shares to move back to the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 124.85 support.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● The tendency within the weekly time frame is positive above the technical support level at 113.95 EUR
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Surperformance is Buy on SCHNEIDER ELECTRIC SE since 2023-03-01
.