Vivendi : Close to a key level on the weekly chart

03/24/2020 | 03:13am EST

Jordan Dufee

long trade Target price hit

Entry price : 18.8€ | Target : 21€ | Stop-loss : 17€ | Potential : 11.7%

Technically, timing appears good within a medium term time horizon to buy shares in Vivendi. The technical support area at 16.76 EUR effectively limits downside risk and should allow the stock to get back into an upward dynamic. Investors have an opportunity to buy the stock and target the € 21.

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 current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 16.76 EUR in weekly data.
• The close medium term support offers good timing for purchasing the stock.
• Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
• Over the last twelve months, the sales forecast has been frequently revised upwards.
• For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
• Analysts covering this company mostly recommend stock overweighting or purchase.

Weaknesses

• The underlying tendency is negative on the weekly chart below the resistance at 21.64 EUR

© MarketScreener.com 2020

	Stocks mentioned in the article	Change	Last		1st jan.
	BYD COMPANY LIMITED	1.80%	248.4		22.24%
	VIVENDI SE	-0.64%	26.43		0.87%

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