Jenoptik AG : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€6.95 | €0 | €6.7 | -100% |
From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 0.83x. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the EUR 7.3 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed at EUR 6.7.