WESFARMERS LIMITED

WES
End-of-day quote. End-of-day quote  - 03/05
49.53AUD -0.78%

Wesfarmers Limited : Technically solid

02/23/2021 | 06:49am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 02/23/2021 | 06:49

long trade
Stop-loss triggered

Entry price : 52.63AUD
Target : 56.21AUD
Stop-loss : 52.1AUD
Potential : 6.8%

Wesfarmers Limited 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 AUD 56.21.

Summary

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

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 42.37 AUD


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.

© MarketScreener.com 2021
Copier lien
All news about WESFARMERS LIMITED
3d ago
4d ago
02/23
02/19
02/17