The EUR 38.6 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Moreover, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.

Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the EUR 38.6 area. Boskalis Westminster should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards EUR 41.8, the first daily resistance.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in Boskalis Westminster in order to benefit from the EUR 38.6 support area.
A first target price will be the EUR 41.79 resistance, ie a potential of 6.8%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of the EUR 41.8 would validate a bullish trend in order to aim a higher target price.