Technical patterns as well as solid fundamentals lead us to forecast a rebound.
The growth of the group represents a catalyst for further rises in prices. Indeed, expectations for coming years shows an increase in revenues and earnings. In addition, analysts revised upwards their forecasts on EPS and Sales over the last 4 months.
Recently, the evolution of the equity brought prices close to the midterm support line at GBp 2985 which acts as a protection wall from the downtrend. This area is expected to annihilate bearish possibilities and thus result in a bullish reversal. Technical indicators allow to aim bullish targets at GBp 3317, and later the convergence area of the moving averages at GBp 3400 (pivot point).
Therefore, a long position could be taken above the short-term support at GBp 3140. The main target will be set at GBp 3400 with a mean objective at GBp 3317. The stop-loss could be triggered once the support broke.
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The Berkeley Group Holdings plc is a United Kingdom-based company engaged in building homes and neighborhoods across London, Birmingham, and the South of England. The Company and its subsidiaries are engaged in residential-led, mixed-use property development. The Company specializes in brownfield regeneration, reviving underused land to create sustainable and nature-rich places. The Company's portfolio of developments includes Sunningdale Park, Sunninghill Square, Bankside Gardens, Berkeley Place, Abbey Barn Park, Hareshill Crookham Village, Hartland Village, Knights Quarter, Hertford Locks, The Arches, The Eight Gardens, Farmstead at Tannersbrook, Hildenborough, Holborough Lakes, Foal Hurst Green, Hollyfields, Grand Union, Prince Of Wales Drive, Camden Goods Yard, South Quay Plaza, Chelsea Creek, Beaufort Park, Filmworks Ealing, Woodberry Down, Fulham Reach and others. The Companyâs brands include Berkeley, St Edward, St George, St James, St Joseph, and St William.
THE BERKELEY GROUP HOLDINGS PLC 
