The German specialist in the robot industry owns strong fundamentals and the support area at EUR 32.50 now tested could facilitate a rebound.

The valuation of the industrial group still leaves a sharp potential on the security with a ratio "enterprise value to sales" that spring to 0.52 and EPS revisions which are stabilized after the recent degradation.

After a recent downward trend, the share now appears in an oversold condition near an important support in daily data located around EUR 31.5. This level could contain, at least in the short term, the bearish tendency.

Given these techniques and fundamentals, the timing seems appropriate to take a long position on KUKA in the area of current prices to enjoy the help given by the support of EUR 32.6.
We can aim in the first time EUR 34.40 with a stop loss positioned under the support at EUR 32.6. This is however only the crossing of the upper limit that would confirm the return of bullish momentum and allow to set more ambitious goals.