BE0003816338 - Common Stock
Overall EURN gets a technical rating of 6 out of 10. In the last year, EURN was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, EURN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 10.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EURN in the last couple of days, which is a good sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @10.98. This is a Buy Stop order right above the resistance zone.||An exit @10.30. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 0.68 points, which is 6.19%.||For a 1.00% total portfolio risk, you can invest 16.15% of your capital in this trade.|
EBR:EURN (5/16/2022, 5:29:42 PM)+0.64 (+6.2%)
|GICS Industry||Oil, Gas & Consumable Fuels|
|2 Weeks||-0.27%||1 Month||-5.52%|
|3 Month||21.29%||6 Month||26.47%|
|ATR Inc||23.05%||Range Today||0.75|
|ST Trend||LT Trend|
|10 Day High||11.6||10 Day Low||9.57|
|20 Day High||11.71||20 Day Low||9.57|
|52 Week High||12.07||52 Week Low||6.4|
|CS1 End||10.64||CR1 Start||10.97|
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