Vicat : A trend reversal is in sight
Entry price | Target | Stop-loss | Potential |
---|
€55.9 |
€60 |
€53.8 |
+7.33% |
---|
The technical chart pattern of Vicat stock suggests the beginning of a trend reversal over the medium term.
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 55.45 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The group usually releases earnings worse than estimated.
● For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 62.75 EUR
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