A.G. Barr’s share price was heavily penalized and is now in an oversold situation near to a solid support area.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its valuation and its visibility.

Technically, the security fell sharply for several weeks. This fall has lead A.G. Barr towards the GBp 514 support area, which could become useful as a stepping stone for a technical rebound. This level is also corresponding with a trend line.
The target of this bullish configuration is the GBp 552 pivot point or by extension the GBp 588.5 resistance.
Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in the share.

Thanks to the technical pattern and A.G. Barr’s strong fundamentals, active investors can take a long position above GBp 514. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at GBp 552 in a first time and then at GBp 588.5.
However, a bearish trend would regain the upper hand if the security crosses GBp 502.5.