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Iberdrola, Endesa and Red Eléctrica: three of the best values ​​of the Ibex 35


Failed attack of the Ibex 35 to the resistance of 9,663 points. The Spanish selective has remained stuck in a sideband for weeks without offering, to this day, the slightest sign of strength that makes us think of an extension of earnings. Against the current we have Iberdrola, Enagas and Red Eléctrica that have either exceeded all-time highs, as in the case of Iberdrola, or will draw them in the coming weeks.

Technical analysis

This past week we could see how Iberdrola He managed to exceed the historical maximums that he drew at the beginning of the year at 11.10 euros. After a logical profit taking, the company is taking a well-deserved rest. Technically the electric could be shaping a throw back at 11 euros, a trend continuation figure that could give us a new entry point before continuing its upward climb. Although the Ibex 35 company has appreciated 50% from the March lows, it is very likely that it will continue its upward climb to the level of 12 euros in the coming weeks.

Let us advise you on your investments. Try Trader Watch free 7 days. In the last year we accumulated a revaluation of 292.75%.

Endesa it points to the historical maximums drawn at the beginning of the year after managing to rise above the average of 200 sessions. A few sessions ago the company managed to overcome the resistance of 22 euros, which clears the way for us to end up seeing an extension of profits to the all-time highs drawn in February at 25.15 euros. If it manages to exceed these prices we do not rule out ending up seeing an attack at the level of 30 euros.

Red Eléctrica It takes several months of climbing. The value has increased by 36% from the lows in March and after a consolidation of levels after exceeding the 200-session average, it seems very likely that we could end up seeing an extension of earnings to the level of 18.85 euros, all-time highs of the beginning of the year. At current levels we believe that it is a good option and that is that if it manages to exceed 17.30 euros, we would give it a target of close to 10% immediately.


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