Solaria could nullify the succession of descending highs and lows

Solaria could nullify the succession of descending highs and lows

Since the end of August, Solaria It has been showing signs of weakness, after rising sharply as a result of the conflict in Ukraine. On the same day of the invasion, February 24, the value rose by 10%. The previous day, it had closed at 13.02 euros and has come to trade at 24.31 euros, on August 24. Last Friday it closed at 20.26 euros. On a technical level, it has been showing signs of exhaustion.

To have new positive signswe must monitor the violation of the maximum on Friday, which would mean the interruption of the succession of descending maximums and minimums, according to RamΓ³n Bermejo, market strategist.

Solaria
Solaria

The value has an important support level at 20.07 euros and the next at 19.79 euros. “Any positive sign has to be the violation of 21.06 euros,” says the expert.

Analysts who follow the stock have a hold advice on Solariaat a price of 21.31 euros, which gives it a potential of 7%, but it is below the 24 euros that it reached in August.

Check here the technical indicators of all the values ​​of the Ibexincluded Solariaand access up-to-date trading strategies and analysis of indices and securities in our premium area.

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