ALCON INC.

ALC
Delayed Quote. Delayed  - 08/05 11:19:52 am
55.68CHF -0.64%

Alcon Inc. : The beginning of the move

Gallien Girardot
Junior Analyst

Strategy published on : 07/30/2020 | 08:17

long trade
Live

Entry price : 56.44CHF
Target : 60.4CHF
Stop-loss : 54.7CHF
Potential : 7.02%

Shares in Alcon Inc. have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the CHF 60.4.

Summary

● The company usually posts poor financials for mid or long term investments.

● For a short-term investment strategy, the company has poor fundamentals.

Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at CHF 62.01.

● The stock is close to a major daily resistance at CHF 62.38, which should be gotten rid of so as to gain new appreciation potential.

● The company has insufficient levels of profitability.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The company's enterprise value to sales, at 4.59 times its current sales, is high.

● The company is not the most generous with respect to shareholders' compensation.

● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.

● 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.

● For the past year, analysts have significantly revised downwards their profit estimates.

MarketScreener.com 2020
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