The EUR 26.5/25 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

After several trading sessions of horizontal fluctuations within the range EUR 33.5/28.4, the stock has broken the lower limit of the range. Besides, moving averages are flat and technical indicators illustrate the oversold situation. The EUR 26.5/25 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the EUR 30.2 mid-term resistance and then the long-term target price is EUR 33.5.

Thanks to the technical pattern and LEONI' strong fundamentals, active investors can take a long position above EUR 25. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at EUR 30.2 in a first time and then at EUR 33.5.
However, a bearish trend would regain the upper hand if the security crosses EUR 25.