RTL Group has a low valuation, suggesting a continuation of prices above the significant technical levels being tested.

According to the Thomson Reuters consensus from the latest estimates of analysts, the share is trading, on the basis of the current price, 14.19 and 13.37 times the expected results for the current year and the following. In terms of enterprise value, that is to say the capitalization of the group plus net debt, for a price of 61.88 EUR, the company is worth 1.55 times its sales. Except in case of strong downward revisions of earnings estimates, these low valuation levels theoretically limit the potential fallback.

Although the trend appears downward oriented in the mid term below EUR 62.9, the potential drop is limited by the significant level located at EUR 60.
45 in daily data. The extended test of this former resistance area in the recent weeks reinforce its strength and could facilitate a technical rebound.

Investors could take a long position at the current price and benefit from the support in order to aim a technical rebound. A first objective may be fixed close to the EUR 68, in order to "bridge the gap". A stop-loss order could be fixed below EUR 60.