Ashmore Group Plc : Close to a key level on the weekly chart
Entry price | Target | Stop-loss | Potential |
---|
GBX 337.4 |
GBX 389 |
GBX 288 |
+15.29% |
---|
Ashmore Group plc shares reflect an interesting technical chart pattern from a medium term view In fact, the support at 307.2 GBp represents an important technical support area based on weekly price data that could limit downward movements by the stock.
Strengths● The share is getting closer to its long-term support in weekly data, at GBp 307.2, which offers good timing for buyers.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The group's activity appears highly profitable thanks to its outperforming net margins.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● The company is one of the best yield companies with high dividend expectations.
Weaknesses● Based on current prices, the company has particularly high valuation levels.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● Below the resistance at 419.2 GBp, the stock shows a negative configuration when looking looking at the weekly chart.
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