Evonik Industries AG : Good timing to anticipate the return of volatility
| Entry price | Target | Stop-loss | Potential |
|---|
|
€0 |
€36 |
€31.79 |
+∞% |
|---|
There has been very little movement in Evonik Industries's share price. This situation is bound to change. An exit on the upside out of the current trading range should go with a comeback in volatility. Therefore, the timing for new long positions seems good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● The company is one of the best yield companies with high dividend expectations.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Stock prices approach a strong long-term resistance in weekly data at EUR 32.64.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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EVONIK INDUSTRIES AG 
