Northland Power Inc. : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
CA$44.28 |
CA$47.5 |
CA$42.1 |
+7.27% |
---|
Northland Power Inc. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● The tendency within the weekly time frame is positive above the technical support level at 33.33 CAD
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
● The company's "enterprise value to sales" ratio is among the highest in the world.
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