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OBIC Co.,Ltd. : The technical configuration is positive

11/19/2020 | 03:17am
Jordan Dufee
Senior Analyst

Strategy published on : 11/19/2020 | 03:17

long trade
Target price hit

Entry price : 20700¥
Target : 22900¥
Stop-loss : 19000¥
Potential : 10.63%

OBIC Co.,Ltd. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Investors have an opportunity to buy the stock and target the ¥ 22900.


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


● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 15690 JPY


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

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 49.22 and 43.74 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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

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