Jungheinrich AG
JUN3
Delayed Frankfurt - 12/11 05:35:37 pm
37.8EUR
-1.75%

Technically solid

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Patrick Rejaunier
Equity Analyst

Strategy published on : 10/12/2017 | 09:37

long trade
Stop-loss triggered

Entry price : 38.825€
Target : 41€
Stop-loss : 36.99€
Potential : 5.6%

Shares in Jungheinrich AG show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 30.97 EUR


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.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

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