KION GROUP AG : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
€57.96 |
€62 |
€56.68 |
+6.97% |
---|
The recent downturn has taken Kion Group shares close to a medium term support level around 56.68 EUR. The timing for a long trade in the stock appears good.
Strengths● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 56.68 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 56.68 support.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
● Below the resistance at 67.31 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
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