The electricity companies offer very good technical prospects in general for the remainder of the year and to start 2021 on the right foot. Among all of them, three stand out that could undoubtedly be an excellent purchase option for the next few days: RWE, At and Iberdrola.
RWE It is attacking the resistance of 35 euros, prices that we believe could exceed in the next few days. Attentive since the value of the Dax 30 would confirm the end of the current lateral movement and would trade at the highs of the last 10 years, which would make us think about an extension of the rises to the level of 40 euros. Good accumulation levels give consistency to its current uptrend. We will not appreciate even the slightest sign of weakness as long as it is trading above 31 euros, prices where the average of 200 sessions is found.
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Very good technical behavior which we have seen in At since the beginning of the month. The company has appreciated by more than 20%, which brings its price close to the resistance of 8.609 euros, historical highs drawn at the beginning of the year. Very attentive to the exceeding of these prices since it would leave its series of prices to rise free with a clear path so that we can end up seeing an extension of the profits up to the level of 10 euros, prices that we estimate that it could reach in the first months of next year.
Iberdrola he is hitting the all-time highs after getting hold of near the 200 session average. The lateral consolidation of the last sessions in the value makes us be very aware of the appearance of a signal of strength that allows it to get into a free rise. Its technical prospects are very good and everything seems to indicate that we could end up seeing an extension of the gains to the level of 13 euros. Without a doubt, we believe that taking positions at these prices in the company is a very good option.