Centrica could regain its upward trend after having run out of steam.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the GBp 323.2 support corresponding with a trendline. Therefore, a technical rebound will fix an objective near the GBp 341.3 short-term resistance.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.92 times its sales.

A decline seems possible on the GBp 323.2 area. It could be a basis for a purchase to target GBp 341.3. A stop loss will be fixed below the entry point to limit the risk.