Umicore : The underlying trend is in force again
BUY
Conditionne
Stop-loss triggered
Entry price | Target | Stop-loss | Potential |
---|
€45.75 |
€50.6 |
€43.5 |
+10.6% |
---|
Umicore's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at EUR 47.49.
● The company is in debt and has limited leeway for investment
● The company benefits from high valuations in earnings multiples.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● Revenue estimates are regularly revised downwards for the current and coming years.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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