MLP should undergo some profit-taking after the rebound in recent sessions.
The fundamentals analysis shows weaknesses and the recent revision on EPS is a major negative argument. During the past 12 months, analysts revised by -40% the EPS for 2013 and 2014. The security seems highly overvalued compared to other securities in its sector and is paid 8.57 time its EBITDA.
Graphically, the stock went through a period of rebound in recent sessions towards the EUR 5.05 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the EUR 4.8 support area and in a second time the trend line around EUR 4.5.
The upside seems limited as shown by fundamentals and technical configuration. In contact with the EUR 5.05 resistance, a movement of consolidation could return the stock towards the EUR 4.8 mid-term support. As a result, the most aggressive investors could take a short position near EUR 5.1 but they need to set a stop loss above this resistance because the crossing of this level would invalidate our scenario.
MLP SE is a Germany-based holding company engaged in the investment management and fund operators industries. Through its subsidiaries, the Company operates as a financial services company which offers financial products and solutions. The Company operates four business segments. The Financial Services segment provides consulting services, insurance, investments, pension provision schemes and loans, as well as contract brokering concerning these financial services, among others. In addition, this segment includes portfolio management, trustee credit business and credit card business. The Feri segment covers wealth and investment consulting. The Holding business segment covers the Companyâs internal services and activities. The Non-Life Insurance segment covers underwriting. All segments are active in Germany, whereas the Feri segment also operates in Luxembourg. The Company operates MLP Finanzdienstleistungen AG, FERI AG, TPC GmbH and the DOMCURA Group as wholly owned subsidiaries.
MLP SE 
