Brembo shares have always given their shareholders excellent satisfaction. Suffice it to say that in the last five years they have had a return of 21% against a reference sector that has lost 12.
It should not, therefore, appear strange that it is now a candidate to be a well-set stock that could give a peaceful autumn on the stock market.
On both the weekly and monthly time frames, the current trend is bullish, but the conditions are slightly different.
On the weekly time frame for the second consecutive week, the prices closed above the very important resistance in the 12.02 euro area (II price target). At this point, therefore, the stock is a candidate to reach its third price target in the 13.11 euro area.
Only a weekly close below € 12.02 would trigger a bearish reversal.
In the long-term time frame, the potential for appreciation is even greater. However, there is a stumbling block on the bullish path that must be faced and knocked down as quickly as possible. We are talking about resistance in the 12.48 euro area (price target II). A monthly close above this level would open the doors to reaching the 15.88 euro area (III price target), updating the all-time highs.
Failure to break out of the 12.48 euro area, on the other hand, could mark the beginning of a new bearish phase that could bring prices to the 8 euro area. The closing of August, therefore, could represent a very important moment for the future of the title.
From the point of view of the fundamentals, no decisive information arrives, with the stock being on average in line with the reference sector.,
According to analysts’ recommendations, they have an average consensus to accumulate and an average target price that expresses an evaluation in line with current prices.
A well-set share title that could give a peaceful autumn on the stock market: the indications of the graphical analysis
Brembo (THOUSAND: BRE) closed the session on 13 August at 12.36 euros, down by 0.08% compared to the previous session.
Weekly time frame
Time frame mensile
