The security is well-oriented in weekly data, and the last downturn encourages a technical rebound.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 2.28 per share for the current year.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the USD 28.4 support. Therefore, a technical rebound will fix an objective near the USD 32 short-term resistance.

Consequently, we are waiting for a decline toward USD 28.4 to initiate a long position to target a return toward USD 32. A stop loss can be placed under the USD 28.4 support.