Maisons du Monde : A support level that should be taken advantage of
Entry price | Target | Stop-loss | Potential |
---|
€30.3 |
€32.5 |
€29.3 |
+7.26% |
---|
The recent downward movement has sent Maisons du Monde shares back to attractive levels situated around 29.32 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The share is getting closer to its long-term support in weekly data, at EUR 29.66, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● 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.
● 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 sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
● For the last few months, analysts have been revising downwards their earnings forecast.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 33.97 EUR
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