Jungheinrich AG : Expect the comeback of a strong trend
Entry price | Target | Stop-loss | Potential |
---|
€29.8 |
€33.32 |
€28.75 |
+11.81% |
---|
There has been very little movement in Jungheinrich AG'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.
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.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The stock is in a well-established, long-term rising trend above the technical support level at 25.14 EUR
Weaknesses● The stock is close to a major daily resistance at EUR 31.19, which should be gotten rid of so as to gain new appreciation potential.
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