The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 32.01 USD in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 29.51 support.
The group usually releases upbeat results with huge surprise rates.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
For the last few months, analysts have been revising downwards their earnings forecast.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 52.37 USD