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But we saved everything 🙂.
Iberdrola reported higher global operational figures for the third quarter. The stock is little changed on the day, trading near €21.22.
Iberdrola reported an improvement in its global operational metrics for the third quarter. The company distributed 207,000 GWh of electricity during the period, an increase of 5.8%. Electricity production reached 90,560 GWh, up 3%.
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Price is sitting right at support from the weekly low at €21.14. Shares of Iberdrola have held above their MA-20, MA-50, and MA-200, which keeps the daily structure bullish. Stoch RSI is in oversold territory, a stretched reading that limits room for further downside.
Traders should watch for a decisive move away from support at €21.14 to gauge whether the event is being priced in. Price is testing this key area without clearing it. Even so, from here the upside probability over the next five trading days is 70%, while the downside probability is 30%, and the expected trading range is €20.85 to €21.58. A close above €21.95 would show buyers are willing to follow through, while a drop below €21.14 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.
Earlier, analysts noted that Iberdrola was pursuing modernization initiatives and that the stock’s technical structure remained broadly supportive. The latest operational improvements and resilient price action reinforce the constructive outlook, with €21.14 continuing to serve as the key level to watch for a potential shift in trend.