Akzo Nobel N.V. : Interest in Akzo Nobel stock
Entry price | Target | Stop-loss | Potential |
---|
€54.24 |
€59 |
€53.4 |
+8.78% |
---|
Akzo Nobel, which is in a tight area, has an interesting graphical configuration.
According to Surperformance ratings, the stock meets all criteria for a trading strategy. It is currently trading at 0.99 times its revenues for this fiscal year. EPS is estimated at 3.86 EUR for 2016 and 4.1 EUR for 2017 (10% growth).
Even if the security is in a bearish trend in the long term, it has rebounded in the EUR 50.15 support area. This rally open the way to the EUR 59.05, which is the next daily resistance. Therefore, the stock is currently testing the 20-day moving average and its breakout will confirm this bullish scenario.
The most active investors can be long Akzo Nobel and aim a rebound toward EUR 59.05. To avoid important losses, a stop loss order can be placed under the EUR 54.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.