Orange : A support level that should be taken advantage of
Entry price | Target | Stop-loss | Potential |
---|
€13.06 |
€13.8 |
€12.6 |
+5.67% |
---|
Orange shares are closing back in on major support levels around 12.86 EUR based on daily price data, which could offer attractive entry points.
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 12.72 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● This company will be of major interest to investors in search of a high dividend stock.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company is in debt and has limited leeway for investment
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 13.96 EUR
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