Assa Abloy AB : Buying pressure
BUY
Conditionne
Stop-loss triggered
Entry price | Target | Stop-loss | Potential |
---|
SEK 200 |
SEK 220 |
SEK 192 |
+10% |
---|
Market participant are once again showing interest in shares in Assa Abloy. The technical chart pattern now appears positive for the short term with new upside potential.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Weaknesses● Technically, the stock approaches a strong medium-term resistance at SEK 198.1.
● The company's earnings releases usually do not meet expectations.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
● The underlying tendency is negative on the weekly chart below the resistance at 204.9 SEK
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Surperformance is Buy on ASSA ABLOY AB since 2023-05-10
.