The GBp 248.7 support, currently tested, should allow Rank Group to rally again.

From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Moreover, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.

The stock follows a downward trend in the short term, under the GBp 274.7 resistance area.
In the mid-term, the trend is neutral as the GBp 248.7 level has not been brokedown. Above this level, a renew interest of investors could happen.

Thanks to the technical pattern and Rank Group’s strong fundamentals, active investors can open long positions above GBp 248.7. The downside potential is limited and the timing seems good to benefit from a technical rebound.
The main goal will be fixed at GBp 274.7.
However, a bearish trend would regain the upper hand if the security broke down the GBp 248.7.