Nabaltec AG : The stock forcefully approaches new pivot levels
Entry price | Target | Stop-loss | Potential |
---|
€0 |
€40.1 |
€33.4 |
+∞% |
---|
Nabaltec AG shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 37.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● 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 last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
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