CEWE STIFTUNG & CO.

CWC

Real-time Estimate - 01/20 11:22:05 am
98EUR	-0.31%

CEWE Stiftung & Co. KGaA : The target price as per the weekly chart was reached

	Alexis Colardelle
	Junior Analyst

Strategy published on : 01/15/2020 | 02:20

short sell

Target price hit

Entry price : 105.4€
Target : 86.1€
Stop-loss : 113.8€
Potential : 18.31%

The breach of the resistance zone around 110.8 EUR seems hard to achieve. The most probable scenario therefore seems to be one in which a short term correction takes place for shares in CEWE Stiftung & Co. KGaA.
Investors should open a short trade and target the € 86.1.

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.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

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

● The stock is in a well-established, long-term rising trend above the technical support level at 89.1 EUR

Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 110.8.

● Technically, the stock approaches a strong medium-term resistance at EUR 110.8.

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