ABB Ltd : A good timing to anticipate a change in the trend
Entry price | Target | Stop-loss | Potential |
---|
CHF 18.95 |
CHF 22 |
CHF 18 |
+16.13% |
---|
ABB Ltd reflects attractive technical aspects that could allow investors to expect a trend reversal over the medium term.
Strengths● The share is getting closer to its long-term support in weekly data, at CHF 18.6, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The company is one of the best yield companies with high dividend expectations.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● The group usually releases earnings worse than estimated.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● For the last few months, analysts have been revising downwards their earnings forecast.
● For the past year, analysts have significantly revised downwards their profit estimates.
● The underlying tendency is negative on the weekly chart below the resistance at 21.22 CHF
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