Ahold Delhaize N.V. : A support level that should be taken advantage of
Entry price | Target | Stop-loss | Potential |
---|
€22.64 |
€24 |
€21.9 |
+6.01% |
---|
The technical support around 22.24 EUR emanating from daily closing prices could trigger a technical rebound for Ahold Delhaize N.V. shares.
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● The share is getting closer to its long-term support in weekly data, at EUR 21.93, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● The group usually releases upbeat results with huge surprise rates.
● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.51 for the 2019 fiscal year.
● The stock is in a well-established, long-term rising trend above the technical support level at 21.93 EUR
Weaknesses● The company sustains low margins.
● Analysts covering the stock have recently lowered their earnings forecast.
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