Axfood AB
AXFO
Delayed NASDAQ OMX STOCKHOLM - 11/17 05:29:51 pm
152.7SEK
+0.07%

Close to an important technical resistance levels

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Jordan Dufee
 

Strategy published on : 05/18/2017 | 09:29

long trade under condition
Stop-loss triggered

Entry price : 145SEK
Target : 161SEK
Stop-loss : 138.4SEK
Cancellation Level : 130SEK
Potential : 11.03%

Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Axfood AB. The stock's technical chart pattern suggests however that the level will be broken.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The stock, which is currently worth 2017 to 0.65 times its sales, is clearly overvalued in comparison with peers.

● The company is one of the best yield companies with high dividend expectations.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at SEK 145.4.

● Technically, the stock approaches a strong medium-term resistance at SEK 144.4.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● Below the resistance at 145.4 SEK, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2017
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