In the past few sessions, Bilfinger' stock have suffered from a sharp fall and is now coming back to a significant support level.

From a fundamental viewpoint, Bilfinger is undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.35 times its revenues.
This valuation represent 12.82 and 11.4 times the next two years earnings.

Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at EUR 73.3, shows. Nevertheless, the stock seems in an oversold situation, near its EUR 70 support in daily data. This level might stop the bearish trend in the short term.

Therefore, the proximity of the EUR 70 support is an opportunity to open a long position in Bilfinger. The first goal is a return in the EUR 76.2 resistance area, that is a potential gain of 6.6%. A stop loss order can be set under the support currently tested.