The technical configuration suggests a correction in the short term.

The visibility remains low, the P/E ratio for the current year is very high and the gradual downward revisions on EPS for the past 12 months imply to be careful.

Technically, the security could run out of steam close to the EUR 19.4 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to EUR 17.6. Indicators that show an overbought situation confirm this scenario.

Due to the technical configuration and a bad fundamental situation, investors can open a short position close to the EUR 19.4 resistance. The price target is set at EUR 17.6 and a stop loss will be placed above EUR 19.4.