OPmobility SE : The medium term resistance level limits the upside potential
Entry price | Target | Stop-loss | Potential |
---|
€28.28 |
€25.9 |
€29.26 |
+8.42% |
---|
Shares in Plastic Omnium SE are trading close to a major resistance level situated around 29.64 EUR, which limits upside potential and could cause a corrective move to the downside.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● The company shows low valuation levels, with an enterprise value at 0.72 times its sales.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 19.55 EUR
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 29.64.
● Technically, the stock approaches a strong medium-term resistance at EUR 29.64.
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● Low profitability weakens the company.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past year, analysts have significantly revised downwards their profit estimates.
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