ABB Ltd : Close to a key resistance level
Entry price | Target | Stop-loss | Potential |
---|
CHF 25.96 |
CHF 27 |
CHF 25.45 |
+4.01% |
---|
Shares in ABB Ltd are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The company is one of the best yield companies with high dividend expectations.
● Sales forecast by analysts have been recently revised upwards.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at CHF 26.18.
● The stock is close to a major daily resistance at CHF 26.26, which should be gotten rid of so as to gain new appreciation potential.
● The company's earnings releases usually do not meet expectations.
● Analysts covering the stock have recently lowered their earnings forecast.
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