The share Lanxess offers to investors a buying opportunity next to an important support.

The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.74x for the current year.

Following a bullish wave, the stock now shows a slight decline that should be stopped by the mid-term support (EUR 60.45). On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.

In this configuration, we anticipate a reversal movement towards EUR 65.45 at first. Investors could take a buy order next to the EUR 60.45 and get a good entry point with a stop below the medium term support.