The EUR 81.9 support, currently tested, should allow Fresenius to rally again.

However, analysts have revised slightly downward their earnings forecasts.
With an EPS estimated at 5.41 EUR for this year and 5.84 EUR for the next year, Fresenius is currently paid 15.3 and 14.16 times the results.

After several weeks of horizontal fluctuations within the mid-term range EUR 81.9/89.4, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation. The EUR 81.9 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the EUR 85.3 mid-term resistance and then the long-term target price is EUR 89.4.

Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in Fresenius in order to benefit from the EUR 81.9 support area. A first target price will be the EUR 85.3 resistance. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of EUR 85.3 would validate a bullish trend in order to aim a higher target price.