Ion Beam Applications S.A. (IBAB) 1WTechnical Analysis
The chart shows a breakout of the weekly ascending trendline and the formation of a "rising wedge", indicating a potential decline.
Key Levels:
- Support: 11.46 EUR, 9.00 EUR
- Resistance: 13.06 EUR, 14.01 EUR
Fundamental Analysis
Ion Beam Applications is a leader in radiation therapy and medical accelerators.
Factors influencing the stock:
- Financials: Revenue growth but high volatility.
- Macroeconomics: Interest rate impact on the tech sector.
- Competition: Rivalry with Varian and Elekta.
A breakdown below 11.46 EUR could open the way to 9.00 EUR. To regain an uptrend, the stock needs to reclaim 13.06 EUR.
