ENGIE

ENGI
Real-time Estimate Quote. Real-time Estimate  - 08/10 03:59:47 pm
11.77EUR +1.25%

ENGIE : The trend should continue

Gallien Girardot
Junior Analyst

Strategy published on : 07/29/2020 | 08:12

long trade under condition
Live

Entry price : 11.6€
Target : 13.75€
Stop-loss : 10.8€
Cancellation Level : 10.2€
Potential : 18.53%

The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in ENGIE. The upward movement can be expected to continue.
Investors should benefit from the breakout of the € 11.6 level to target the € 13.75.

Summary

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


Strengths

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● As regards fundamentals, the enterprise value to sales ratio is at 0.97 for the current period. Therefore, the company is undervalued.

● This company will be of major interest to investors in search of a high dividend stock.


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 close to a major daily resistance at EUR 12.02, which should be gotten rid of so as to gain new appreciation potential.

● The company is in debt and has limited leeway for investment

● The group usually releases earnings worse than estimated.

● 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, EPS estimates made by Standard & Poor's analysts have been revised downwards.

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

● Below the resistance at 12.09 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

MarketScreener.com 2020
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