COTY INC.

COTY
Delayed Quote. Delayed  - 04/19 04:10:00 pm
9.09USD +1.00%

Coty Inc. : The technical configuration is deteriorating

04/07/2021 | 10:12am
Tommy Douziech
Junior Analyst

Strategy published on : 04/07/2021 | 10:12

short sell
Live

Entry price : 8.76$
Target : 7.68$
Stop-loss : 9.4$
Potential : 12.33%

Shares in Coty Inc. reflect a technical chart that has deteriorated, suggesting that the beginning of a tendency reversal is near, which could lead to a somewhat longer downward-trading phase.
Investors should open a short trade and target the $ 7.68.

Summary

● The company usually posts poor financials for mid or long term investments.

● For a short-term investment strategy, the company has poor fundamentals.


Strengths

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 5.08 USD


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 currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The company has insufficient levels of profitability.

● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● The group usually releases earnings worse than estimated.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● 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 twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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