GEA Group AG : Increase of volatility
Entry price | Target | Stop-loss | Potential |
---|
€49.36 |
€53.5 |
€47.5 |
+8.4% |
---|
A strong break-out to the upside has recently been seen in GEA Group Aktiengesellschaft. The current technical chart pattern could allow for a continuation of the upward dynamic.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The group's high margin levels account for strong profits.
● The company is in a robust financial situation considering its net cash and margin position.
● The tendency within the weekly time frame is positive above the technical support level at 41.17 EUR
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.
● Technically, the stock approaches a strong medium-term resistance at EUR 49.35.
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