The upward trend could come to support KUKA in the coming sessions.

The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.57x for the current year.

KUKA is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase, toward EUR 32 short term support, that could be interesting in the coming sessions.

Investors should watch the security in the current price area to take advantage of a new upward acceleration in the direction of EUR 35.16. A stop loss is placed under EUR 32.