Symrise is still well oriented and is going to new highs.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company. Besides analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

The security is in an upward trend for several months. A running out of steam is occured with the contact of EUR 27 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the EUR 27 resistance will indicate a buy signal with a target price in the area of EUR 29.7.

Taking into account all these elements, investors could buy the stock at the current price. The target price is set above the EUR 27 mid-term resistance. A stop loss will be fixed below the EUR 25.11 short term support, threshold that would invalidate the strategy.