ELLO Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending on May 02, 2025

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Broadening Wedge Ascending

ELLO - Ellomay Capital Ltd

Emerged: 05/02/25

Breakout: $14.23

Price: $15.17

Target price: $13.97

A.I.dvisor detected a bearish Broadening Wedge Ascending pattern for ELLO stock. This pattern was detected on May 02, 2025 . The odds of reaching the target price are 6. The Broadening Wedge Ascending pattern forms when a security price progressively makes higher highs (1, 3, 5) and higher lows (2, 4), following two widening trend lines. Consider selling the security short or buying a put option at the downward breakout price level, which is the last low that touches the bottom line (4).

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published General Information

General Information

a company which engages in the investment of energy and infrastructure sectors

Industry AlternativePowerGeneration

Profile

Fundamentals

Details

Industry

Industrial Machinery

Address

18 Rothschild Boulevard

Phone

+972 37971111

Employees

Web

https://www.ellomay.com