According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

The security follows a downward trend in the short term, under the GBp 1516 resistance area. However, the selling pressure could soon run out of steam near the EUR 1460 support. Indeed, whereas the stock shows an oversold condition, the GBp 1460 support area currently tested might stop the bearish trend in the short term.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately take a long position in SSE in order to benefit from the GBp 1460 support area. A first target price will be the GBp 1516 resistance. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 1516 would validate a bullish trend in order to aim a higher target price.