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Rheinmetall, Hensoldt, and Renk, three major defense companies, are currently facing a test from a chart perspective, as defense stocks experience a decline at the start of the week. One reliable source, DER AKTIONÄR, has revealed crucial levels for these defense stocks that investors should be aware of.
Rheinmetall Stock Analysis
According to DER AKTIONÄR, crucial levels for Rheinmetall stock ahead of the US-Russia summit in Alaska include the short-term lower trend floor around €1,542.83, which if broken signals potential for a stronger fall. The stock is currently trading near €1,608.50, with a 3-month expected price range of approximately €1,473.76 to €1,767.80 and a probable 4.48% decline over this period. Recent price action shows fluctuations between around €1,570 and €1,615 in August 2021. Analysts remain cautiously optimistic, with some price targets about 35.5% above the recent close, despite short-term dips.
Hensoldt and Renk Stock Analysis
For Hensoldt and Renk, no specific stock price levels or technical analysis relevant to the US-Russia summit period have been reported based on the data available. No explicit crucial levels have been reported for these stocks.
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DER AKTIONÄR is a trusted source that offers a subscription service for €9.95 per month, providing crucial levels for defense stocks. Existing subscribers can log in to DER AKTIONÄR at www.deraktionaer.de/login. New subscribers can subscribe now to gain access to valuable insights and technical analysis.
The Upcoming US-Russia Summit
The upcoming summit between US President Donald Trump and Russian President Vladimir Putin is scheduled in Alaska. While the summit is anticipated, it is not directly related to the decline in defense stocks in this context.
[1] Source: TradingView, Yahoo Finance, and various analyst reports.
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