On the basis of the current prices and the lastest earnings per share estimates from analysts, PostNL is part of the cheapest stock in its industry. This valuation of the company suggests an upward movement.

According to analyst estimates, the company is trading, on the basis of current prices, 1.86 times the expected results for the actual year. Besides, the enterprise value is worth 0.55 times its sales. These valuation levels theoretically limit the potential of decline, except in case of strong downward revisions of earnings estimates of the company in the coming months.

The share has a neutral configuration close to the EUR 2.98 resistance. Nevertheless, the potential drop is limited by the 20-day moving average.

Investors could take a long position at the current price and benefit from the support in order to aim a technical rebound. A first objective may be fixed close to the EUR 3.13. A part of the position may be retained as the crossing of this resistance would boost the share to more ambitious goals. A stop-loss order could be fixed below EUR 2.7.