INDUS Holding AG : Comeback of a rising trend ?
Entry price | Target | Stop-loss | Potential |
---|
€57.2 |
€63.5 |
€53.6 |
+11.01% |
---|
The technical chart pattern of Indus Holding AG stock suggests the beginning of a trend reversal over the medium term.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 55.7 EUR in weekly data.
● The close medium term support offers good timing for purchasing the stock.
● 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.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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