EURONEXT N.V.

ENX

Real-time - 01/15 11:35:08 am
92.55EUR	-1.96%

Euronext N.V. : Technically solid

	Patrick Rejaunier
	Senior Analyst

Strategy published on : 01/15/2020 | 03:38

long trade on a pullback

Conditional Order Terminated

Entry price : 75€
Target : 80€
Stop-loss : 73.5€
Cancellation Level : 78.5€
Potential : 6.67%

Euronext N.V. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors should buy the stock at current prices near € 75 in order to target the € 80.

Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● The group usually releases upbeat results with huge surprise rates.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

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

● The tendency within the weekly time frame is positive above the technical support level at 63.25 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.

● Based on current prices, the company has particularly high valuation levels.

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