Jungheinrich AG : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
€37.13 |
€40.63 |
€35.36 |
+9.43% |
---|
The timing appears opportune to go long in shares of Jungheinrich AG as we anticipate another pick-up in the underlying trend.
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● 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.
● The group usually releases upbeat results with huge surprise rates.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 32.01 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 39.33.
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