SAF Holland
SFQ
Delayed Frankfurt - 11/17 05:35:54 pm
16.115EUR
+1.61%

Close to an important technical resistance levels

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 11/07/2017 | 10:23

long trade under condition
Conditional Order Terminated

Entry price : 17.45€
Target : 19€
Stop-loss : 16.6€
Cancellation Level : 16.5€
Potential : 8.88%

SAF Holland shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
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 company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● Sales forecast by analysts have been recently revised upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 14.78 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 17.4.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● The company's earnings releases usually do not meet expectations.

Zonebourse.com 2017
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