PUMA SE : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
€421 |
€505 |
€398.5 |
+19.95% |
---|
The underlying tendency is to the upside for shares in Puma and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
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● The share is getting closer to its long-term support in weekly data, at EUR 388, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Sales forecast by analysts have been recently revised upwards.
● The tendency within the weekly time frame is positive above the technical support level at 388 EUR
Weaknesses● With an expected P/E ratio at 31.64 and 23.89 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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