BASF SE : Still below a resistance
Entry price | Target | Stop-loss | Potential |
---|
€81.95 |
€74.29 |
€82.5 |
+9.35% |
---|
Stocks in BASF SE, which trades range-bound below the short term resistance at 81.57 EUR, should pull back over the next trading sessions in light of the current chart pattern.
Summary● In a short-term perspective, the company has interesting fundamentals.
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.
● The company is one of the best yield companies with high dividend expectations.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● The stock is in a well-established, long-term rising trend above the technical support level at 70.3 EUR
Weaknesses● Technically, the stock approaches a strong medium-term resistance at EUR 81.57.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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