Altran Technologies

ALT
Real-time Euronext Paris - 05/20 12:46:35 pm
10.805EUR
-1.95%

A resistance level that suggests downside risk

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Laurent Polsinelli
Index and derivatives Analyst

Strategy published on : 03/12/2019 | 05:51

short sell
Stop-loss triggered

Entry price : 9.88€
Target : 8.66€
Stop-loss : 10.6€
Potential : 12.35%

Altran Technologies shares can be expected to top out below the medium term resistance at 10 EUR. The timing appears attractive to take advantage of a correction below this level.
Investors should open a short trade and target the € 8.66.

Strengths

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● For the last few months, analysts have been revising downwards their earnings forecast.

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

Zonebourse.com 2019
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