|Index and derivatives Analyst
Strategy published on : 03/12/2019 | 06:51
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.
● 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.
● 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.