Dialog Semiconductor : Wait for the pullback
Entry price | Target | Stop-loss | Potential |
---|
€19.5 |
€21 |
€18.2 |
+7.69% |
---|
Dialog Semiconductor continues its bullish rally with a recent acceleration.
The German company has strong fundamentals despite very generous valuation levels, signaling a good visibility on the activities. In addition, the Thomson Reuters consensus revised upward, on many occasions, the earnings per share forecast for the current year, fueling the upward trend.
Technically, prices are anchored in an overall positive trend for several months. Moving averages, on all time scales, underline the good orientation of the stock and could then serve as arguments to initiate a purchase in case of a pullback near the EUR 19.5.
Considering all these good indicators, it seems appropriate to purchase the stock around EUR 19.50, thanks to another pullback on the upward trendline, aiming for a new bullish breakthrough towards EUR 21/21.50. Nevertheless, a stop-loss will be placed under the medium-term support at EUR 18.3, whose breaking will deteriorate the technical configuration.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.