Heidelberg Materials AG : Buying pressure
Entry price | Target | Stop-loss | Potential |
---|
€84.35 |
€92.8 |
€81.5 |
+10.02% |
---|
Shares in HeidelbergCement AG have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Strengths● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 72.77 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 92.81.
● Technically, the stock approaches a strong medium-term resistance at EUR 94.
● The company is in debt and has limited leeway for investment
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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