Orkla ASA : Comeback of a rising trend ?
Entry price | Target | Stop-loss | Potential |
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NOK 0 |
NOK 90 |
NOK 79 |
+∞% |
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The technical chart pattern of Orkla ASA shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
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● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Sales forecast by analysts have been recently revised upwards.
Weaknesses● Most analysts recommend that the stock should be sold or reduced.
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