GEA Group AG : Back on the support level
Entry price | Target | Stop-loss | Potential |
---|
€47.86 |
€50 |
€47.2 |
+4.48% |
---|
The GEA Group Aktiengesellschaft share is coming back to a technical support zone comprising the lower bound of the trading range. This provides a good timing to go long on the stock.
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 returns high margins, thereby supporting business profitability.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 41.17 EUR
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
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