Airbus SE

AIR
Real-time Euronext Paris - 07/19 10:18:04 am
133.7EUR
+1.21%

Towards the breakout of a major resistance level

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Anas Lozach
Analyst

Strategy published on : 07/10/2019 | 06:32

long trade under condition
Target price hit

Entry price : 127€
Target : 132€
Stop-loss : 124€
Cancellation Level : 120.7€
Potential : 3.94%

Airbus SE shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated.
Investors should benefit from the breakout of the € 127 level to target the € 132.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The tendency within the weekly time frame is positive above the technical support level at 101.12 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● 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 firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

Zonebourse.com 2019
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