Jungheinrich AG : Hesitation should subside in favor of volatility
Entry price | Target | Stop-loss | Potential |
---|
€33.44 |
€34.8 |
€32.6 |
+4.07% |
---|
Jungheinrich AG shares stand out with an interesting technical chart pattern displaying horizontal consolidation. One would assume that the current accumulation phase will cede eventually to an acceleration to the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The tendency within the weekly time frame is positive above the technical support level at 29.28 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 34.48.
● Technically, the stock approaches a strong medium-term resistance at EUR 34.71.
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