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Nestlé stock has further upside potential in the short term – chart analysis (BNP Paribas) | Shares of the day – Insurance for Pets


Paris (www.aktiencheck.de) – Nestlé stock has further upside potential in the short term – chart analysis

The Nestlé share (ISIN: CH0038863350, WKN: A0Q4DC, ticker symbol: NESR, SIX Swiss Ex: NESN, Nasdaq OTC symbol: NSRGF) is in a long-term upward movement, as can be seen from the publication « dailyAKTIEN » by BNP Paribas .

This led the share to the current all-time high of CHF 113.20 by September 6, 2019. After this high, a correction movement started. The value fell initially to CHF 101.12 and then to CHF 83.37. With this low of March 16, 2020, the stock had tested its upward trend since March 2009. Since testing this trend, the share price has risen significantly again. In the meantime, the value has re-established itself above CHF 101.12.

Even if the recovery has now gone well, the Nestlé share has further upside potential in the short term. An increase in the downward trend since September 2019 at currently CHF 109.21 is possible. If a breakout were successful, there would even be room for an increase to the all-time high. Should the share fall below CHF 101.12, however, selling pressure could arise again. In this case, taxes of up to approx. CHF 85.97 to CHF 83.37 would be possible. (Analysis from April 9th, 2020)

Please also note information on the obligation to disclose in the event of a conflict of interest within the meaning of Directive 2014/57 / EU and corresponding EU regulations for the analyst house mentioned at the following link.

Stock exchanges Nestlé shares:

L&S share price Nestlé share:
98.59 EUR + 2.17% (04/09/2020, 08:52)

SIX Swiss Exchange share price Nestlé share:
104.20 CHF + 0.29% (04/08/2020, 17:30)

ISIN Nestlé share:
CH0038863350

WKN Nestlé share:
A0Q4DC

Ticker symbol Nestlé share:
NESR

SIX Swiss Exchange ticker symbol Nestlé share:
NESN

Nasdaq OTC ticker symbol Nestlé share:
NSRGF

Brief profile of Nestlé S.A .:

Nestlé (ISIN: CH0038863350, WKN: A0Q4DC, ticker symbol: NESR, SIX Swiss Ex: NESN, Nasdaq OTC symbol: NSRGF) is the world’s largest food manufacturer and the recognized number one in nutrition, health and wellbeing. Nestlé products are available all over the world. In addition to frozen products, various beverages (coffee, tea, mineral water, etc.), dairy products and confectionery, pharmaceutical products, special foods and products for pets are also manufactured. The best-known brands of the group include Nescafé, Nesquik, Maggi, Thomy, KitKat, Buitoni, LC1, Smarties and many more.

With the takeover of the baby food division from Pfizer in 2012, the group is also active in this area. In addition, Nestlé is testing the health benefits of its products in the sports nutrition area of ​​the company’s high-tech center in Lausanne. Here, Nestlé Health Science works on the development of special foods that should help with diabetes, cardiovascular problems or Alzheimer’s. The company has manufacturing facilities around the world. (04/09/2020 / ac / a / a)

Disclosure of possible conflicts of interest:

You can view possible conflicts of interest on the website of the creator / source of the analysis.