E.D.F. : Close to a key level on the weekly chart
Entry price | Target | Stop-loss | Potential |
---|
€13.42 |
€14.3 |
€12.9 |
+6.6% |
---|
Electricité de France shares are closing near attractive entry levels for a medium term horizon. Investors could regard the decline over the past weeks as a buying opportunity.
Summary● The company has solid fundamentals for a short-term investment strategy.
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 13.13 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 13.13 EUR
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The group shows a rather high level of debt in proportion to its EBITDA.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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