Schneider National, Inc. is a North American-based transportation, logistics and leasing service provider.
Schneider National after reaching $ 27.10 in early May began a strong bearish move that led it to test a strong support area at $ 21.00.
The strength of this level leads us to think that the bearish movement has now come to an end and the stock can now offer interesting performances in the short to medium term.
Strong reversal candle at $ 21.00
Net increase in volumes in the inversion area
Possible bullish reversal of the MACD
RSI which is leaving the oversold zone and has broken the bearish trend line
We set the first target just below the 50MA. A break of it could then lead the stock to reach our second target.
Admission range $ 21.70 - $ 22.30
Target 1 $ 24.00
Target 2 $ 25.70
Stop loss $ 20.15
OTB Global Investments
23 June 2021