Surgutneftegaz JSC – the company's unique cheapness and positive sentiment on the stock exchange
"The rise in the dollar and oil prices are fueling interest in the company's shares."
The revaluation of Surgutneftegaz's foreign exchange savings and high oil prices allowed the company to record a record net profit.
The growing trend on the stock exchange and the company's P/E at the unit level causes speculative interest in the growth of shares.
TAKE PROFIT
Since the end of September 2022, the company's shares have been moving within the ascending channel. The upper limit of the channel is the level of 37 rubles. The local resistance is the level of 34 rubles, which the shares broke through and gained a foothold above. We believe that the target for the movement of Surgutneftegaz JSC shares is the level of 37.1 rubles, which is 8.5% of the price of 34.2 rubles (see the forecast from 08.04.24, the goal for which has been achieved, but we continue to hold our position due to the emergence of new factors).
STOP LOSS
Do not forget about risk management and portfolio diversification. If the price is fixed below 32 rubles, then the growth forecast of the paper is canceled. Stop order[1] it can be placed at the level of 33.1 rubles (-3% of the price of 34.2 rubles).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
