Jungheinrich AG : The resistance should give in
Entry price | Target | Stop-loss | Potential |
---|
€29.4 |
€32.5 |
€27.82 |
+10.54% |
---|
Jungheinrich AG is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern.
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● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● The group usually releases upbeat results with huge surprise rates.
● As regards fundamentals, the enterprise value to sales ratio is at 1 for the current period. Therefore, the company is undervalued.
● Sales forecast by analysts have been recently revised upwards.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 25.14 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 29.
● Technically, the stock approaches a strong medium-term resistance at EUR 29.27.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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