AB INDUSTRIVÄRDEN (P

INDU A
Real-time Estimate Quote. Real-time Estimate  - 09/16 11:25:00 am
299.5SEK -0.23%

AB Industrivärden (publ) : Close to a key resistance level

07/29/2021 | 02:59am
Jordan Dufee
Senior Analyst

Strategy published on : 07/29/2021 | 02:59

long trade under condition
Stop-loss triggered

Entry price : 350SEK
Target : 400SEK
Stop-loss : 325SEK
Cancellation Level : 320SEK
Potential : 14.29%

AB Industrivärden (publ) shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Investors should benefit from the breakout of the SEK 350 level to target the SEK 400.

Summary

● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.

● From a short-term investment perspective, the company presents a deteriorated fundamental situation


Strengths

● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● Historically, the company has been releasing figures that are above expectations.


Weaknesses

● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.

● The company's "enterprise value to sales" ratio is among the highest in the world.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

● The overall consensus opinion of analysts has deteriorated sharply over the past four months.

● Over the past twelve months, analysts' opinions have been revised negatively.

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