INDUS Holding AG : Back towards the lower end of the range
Entry price | Target | Stop-loss | Potential |
---|
€62.29 |
€64.6 |
€60.9 |
+3.71% |
---|
After having been stuck in a trading range, shares in Indus Holding AG are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions.
Strengths● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Historically, the company has been releasing figures that are above expectations.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 54.03 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 64.72.
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