Iberdrola, S.A. : The underlying trend is to the upside
Entry price | Target | Stop-loss | Potential |
---|
€8.59 |
€9.07 |
€8.3 |
+5.56% |
---|
Shares in Iberdrola show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The company is one of the best yield companies with high dividend expectations.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 7.29 EUR
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.
● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
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