The upward trend could come to support Nestle in the coming sessions.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of CHF 3.32 per share for the current year.

Nestle is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.

Investor should watch the security close to CHF 59.4 to take advantage of a new upward acceleration in the direction of CHF 62.3. A stop loss is placed under CHF 58.35.