French stocks ETF looks poised to resume uptrend following election, according to the charts
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
- French Stock Market Volatility: The French stock market experienced volatility due to political news, leading to a significant pullback in June.
- CAC 40 Performance: The CAC 40 benchmark corrected nearly 10% from its peak in March, but it still maintains a primary uptrend.
- Market Response to Election News: Investors are reacting positively to the latest election news in France, anticipating a favorable response once uncertainty is removed.
- Potential Outperformance of French Stocks: Indicators suggest a possible counter-trend phase where French stocks may outperform U.S. stocks after a period of underperformance.
- Technical Analysis and Predictions: Technical indicators like the stochastic oscillator show signs of improvement, indicating a likely rebound in French stocks, particularly in companies like LVMH and TotalEnergies.
Analyst Views on EWQ
Wall Street analysts forecast EWQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 45.160
Low
Averages
High
Current: 45.160
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
