DKSH Holding AG : Perfect timing to aim a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
CHF 60 |
CHF 63.4 |
CHF 58 |
+5.67% |
---|
The CHF 58.2 support, currently tested, should allow DKSH Holding (engages in the consumer goods, healthcare, performance materials and technology services) to rally again after a decrease of 8% during the week.
From a fundamental viewpoint, DKSH Holding seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.35 times its revenues.
Technically, the security is in a negative configuration in the mid-term as the bearish trend of different moving averages shows. Nevertheless, the stock seems in an oversold situation, near to its CHF 59.9 support in daily data. This level might stop the bearish trend in the short term.
Thanks to the technical pattern, active investors can open long positions above CHF 59.9. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The main goal will be fixed at CHF 63.4. However, a bearish trend would regain the upper hand if the security breakdown this support.
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