Shares in Signify N.V. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed. Investors have an opportunity to buy the stock and target the € 52.7.
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 attractive valuation levels with a low EV/sales ratio compared with its peers.
The stock is in a well-established, long-term rising trend above the technical support level at 27.99 EUR
Stock prices approach a strong long-term resistance in weekly data at EUR 45.45.
The stock is close to a major daily resistance at EUR 45.45, which should be gotten rid of so as to gain new appreciation potential.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
ę MarketScreener.com 2021
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