ACEA could regain its upward trend after having run out of steam.

Fundamentally, the firm enjoys a very good Surperformance rating which underlines its business predictability, the positive EPS estimates revisions and the yield. Indeed, it offers a yield above 4%. The consensus average target price is displaying a +22% potential.

The stock has a bullish trend in the long run and in the mid-term. The EUR 13 resistance area temporarily stopped this move and brought back the share on the EUR 10.85 support. This relevant threshold is strengthened by the nearby weekly support at EUR 10.60 and by rising moving averages.
Consequently, investors may open a long position at current prices and target a reversal toward the EUR 11.5 pivot point. A stop loss order will be set below EUR 10.5.