ABB Ltd : Good timing to anticipate a continuation of the trend
Entry price | Target | Stop-loss | Potential |
---|
CHF 26.99 |
CHF 28 |
CHF 26.4 |
+3.74% |
---|
ABB Ltd shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths● This company will be of major interest to investors in search of a high dividend stock.
● Sales forecast by analysts have been recently revised upwards.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The tendency within the weekly time frame is positive above the technical support level at 24.43 CHF
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at CHF 26.92.
● Technically, the stock approaches a strong medium-term resistance at CHF 27.07.
● The group usually releases earnings worse than estimated.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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