Dialog Semiconductor is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the EUR 22.7 short term support. This trend should allow the stock to reach EUR 29, which will be the first target price. Before, a pause could happen near the resistance currently tested and only a breakout will give arguments to buy the stock.

Thanks to these good indicators, it seems relevant to take a long position in Dialog Semiconductor over EUR 24.50. The target price is the EUR 29. A stop loss will be set under the entry points to avoid a failure of the bullish overflow.