TRIGANO

TRI
Real-time Estimate Quote. Real-time Estimate  - 10/27 03:09:57 am
120EUR -1.23%

Trigano : Increase of volatility

Nathan Houtch
Junior Analyst

Strategy published on : 09/24/2020 | 04:06

long trade
Target price hit

Entry price : 119.5€
Target : 131.4€
Stop-loss : 104.8€
Potential : 9.96%

Trigano shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the € 131.4.

Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Historically, the company has been releasing figures that are above expectations.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The tendency within the weekly time frame is positive above the technical support level at 75 EUR


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Technically, the stock approaches a strong medium-term resistance at EUR 113.4.

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● For the past year, analysts have significantly revised downwards their profit estimates.

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