ABB Ltd : The comeback of an upward trend can be anticipated
Entry price | Target | Stop-loss | Potential |
---|
CHF 21.56 |
CHF 23.5 |
CHF 20.7 |
+9% |
---|
The technical chart pattern of ABB Ltd stock suggests the beginning of a trend reversal over the medium term.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● 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 CHF 19.61 CHF in weekly data.
● The close medium term support offers good timing for purchasing the stock.
● This company will be of major interest to investors in search of a high dividend stock.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
● Analysts covering the stock have recently lowered their earnings forecast.
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