Endesa, S.A. : Back on price levels to sell
Entry price | Target | Stop-loss | Potential |
---|
€24.3 |
€22.3 |
€25.1 |
+8.23% |
---|
Up substantially over the past few weeks, shares in ENDESA should pause in their rise close to the major resistance around 24.4 EUR.
Strengths● The company is one of the best yield companies with high dividend expectations.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● The stock is in a well-established, long-term rising trend above the technical support level at 21.92 EUR
Weaknesses● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● For the last few months, analysts have been revising downwards their earnings forecast.
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