INDUS Holding AG : Buyers are coming back
Entry price | Target | Stop-loss | Potential |
---|
€59.7 |
€63.4 |
€57.5 |
+6.2% |
---|
A strong break-out to the upside has recently been seen in Indus Holding AG. The current technical chart pattern could allow for a continuation of the upward dynamic.
Strengths● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Historically, the company has been releasing figures that are above expectations.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at EUR 60.4.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● The underlying tendency is negative on the weekly chart below the resistance at 60.21 EUR
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