Analysis:
Fundamental: Moderate revenue growth, undervalued P/E (8.57), healthy debt (Score 10).
Technical:
Daily Trend: Bullish.
Support: 50-SMA ($36.11), 20-SMA ($38.22).
RSI: 66.86 (positive momentum, not extremely overbought).
MACD: Bullish crossover on a daily basis.
Trade:
Entry: $39.70 - $40.00 (immediate resistance break).
Stop Loss: $37 (below 20-SMA and psychological support).
Take Profit : $45.00 (bullish extension).
Time Horizon: 2-4 weeks.
Reason:
Good balance between valuation and momentum. Ideal for the medium term if the 20 SMA remains as support.
Fundamental: Moderate revenue growth, undervalued P/E (8.57), healthy debt (Score 10).
Technical:
Daily Trend: Bullish.
Support: 50-SMA ($36.11), 20-SMA ($38.22).
RSI: 66.86 (positive momentum, not extremely overbought).
MACD: Bullish crossover on a daily basis.
Trade:
Entry: $39.70 - $40.00 (immediate resistance break).
Stop Loss: $37 (below 20-SMA and psychological support).
Take Profit : $45.00 (bullish extension).
Time Horizon: 2-4 weeks.
Reason:
Good balance between valuation and momentum. Ideal for the medium term if the 20 SMA remains as support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.