Entain plc : Good timing to anticipate a continuation of the trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,646.6 |
GBX 1,724 |
GBX 1,590.3 |
+4.7% |
---|
The underlying tendency is to the upside for shares in Entain plc and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Strengths● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● For several months, analysts have been revising their EPS estimates roughly upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The tendency within the weekly time frame is positive above the technical support level at 1042.5 GBX
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
● The company's earnings releases usually do not meet expectations.
● The firm trades with high earnings multiples: 34.84 times its 2021 earnings per share.
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