D'Ieteren's share price was heavily penalized due to a profit warning and is now in an oversold situation near to a solid support area.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the EUR 29.2 area should stop this trend and allow a technical rebound towards EUR 33. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in D'Ieteren in order to benefit from the EUR 29.2 support area. A first target price will be the EUR 33 resistance, ie a potential of 8.5%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of EUR 33 would validate a bullish trend in order to aim a higher target price.