The upward trend could come to support ITV in the coming sessions.

Positive EPS revisions made by analysts on the stock should help the share to go upwards in the next trading sessions.

Following a bullish wave, the stock now shows a slight decline that has led it towards the lower trend line. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term. In the short term, the trend is supported by the EUR 257.1 pivot point.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy ITV. The objectives will be set at GBp 280.7. The stop loss will be triggered below the GBp 257 pivot point.