CAPGEMINI SE

CAP
Real-time Estimate Quote. Real-time Estimate  - 11/24 03:59:59 pm
119.15EUR +2.85%

Capgemini SE : Towards the breakout of a major resistance level

Jordan Dufee
Senior Analyst

Strategy published on : 11/19/2020 | 10:34

long trade under condition
Live

Entry price : 119€
Target : 130€
Stop-loss : 112€
Cancellation Level : 110€
Potential : 9.24%

Capgemini SE shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Investors should benefit from the breakout of the € 119 level to target the € 130.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Technically, the stock approaches a strong medium-term resistance at EUR 119.4.

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