Nokian Renkaat Oyj
NRE1V
Delayed NASDAQ OMX HELSINKI LTD. - 07/24 05:29:44 pm
35.62EUR
-1.47%

Good timing to go long again

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Anas Lozach
 

Strategy published on : 05/18/2017 | 09:16

long trade on a pullback
Stop-loss triggered

Entry price : 36.64€
Target : 40€
Stop-loss : 36.2€
Cancellation Level : 38€
Potential : 9.17%

Nokian Tyres plc shares are closing back in on major support levels around 36.2 EUR based on daily price data, which could offer attractive entry points.
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

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

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

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 34.6 EUR

Zonebourse.com 2017
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