Strategy published on : 03/25/2020 | 04:01
Entry price : 18.955€
Target : 22.2€
Stop-loss : 16.9€
Potential : 17.12%
Veolia Environnement shares have returned to important technical levels around 18.23 EUR based on weekly price data. The timing seems attractive to be a buyer of this stock.
Investors have an opportunity to buy the stock and target the € 22.2.
● In a short-term perspective, the company has interesting fundamentals.
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 18.23 EUR in weekly data.
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● As regards fundamentals, the enterprise value to sales ratio is at 0.76 for the current period. Therefore, the company is undervalued.
● The company sustains low margins.
● The group shows a rather high level of debt in proportion to its EBITDA.
● The company's earnings releases usually do not meet expectations.
● Below the resistance at 22.8 EUR, the stock shows a negative configuration when looking looking at the weekly chart.