Indicators argue for a technical correction after the last bullish movement recorded in the past sessions.

From a fundamental viewpoint, firstly, we note the high valuation of the company. P/E ratio for the current year is at 15.65x and expected at 14.34x for next year. With a valuation ratio of 15.14x, the group appears overvalued compared to its business activity.

Graphically, the share is in a period of technical rebound that allowed it to reach the EUR 14.68 mid-term resistance. This area could trigger a sell signal for investors. Furthermore, the rallying of the EUR 13.67 support area will be considered for upcoming sessions.

The technical configuration and fundamentals lead us to predict a consolidation phase, at least in the short term. The EUR 14.68 should play its full role and stop the upward trend initiated in the short term. Therefore, in order to take advantage of this technical correction, a short position may be opened in the current area to target EUR 13.67. In case of further acceleration, the stop loss will be triggered above the EUR 14.68.