Rheinmetall AG : Back on an important level
Entry price | Target | Stop-loss | Potential |
---|
€106.75 |
€112.2 |
€103.8 |
+5.11% |
---|
The medium term support area around should allow Rheinmetall shares to re-establish an upward trend in the short term.
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● Historically, the company has been releasing figures that are above expectations.
● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.69 for the 2019 fiscal year.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 95.3 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.
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Surperformance is Buy on RHEINMETALL AG since 2024-02-09
.