Akzo Nobel N.V. : In an accumulation phase
Entry price | Target | Stop-loss | Potential |
---|
€78.41 |
€85 |
€75.2 |
+8.4% |
---|
After accumulation, acceleration. Timing appears favorable to go long in shares of AkzoNobel and to anticipate an exit of the trading range on the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The tendency within the weekly time frame is positive above the technical support level at 67.36 EUR
Weaknesses● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
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