Sixt SE : Close to a key resistance level
Entry price | Target | Stop-loss | Potential |
---|
€49.6 |
€53 |
€48.5 |
+6.85% |
---|
Sixt SE shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Summary● 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 solid fundamentals for a short-term investment strategy.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The group usually releases upbeat results with huge surprise rates.
● This company will be of major interest to investors in search of a high dividend stock.
● Sales forecast by analysts have been recently revised upwards.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 53.07.
● One of the major weak points of the company is its financial situation.
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