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Pivot Points

JUMBO (BELA) Comprehensive AnalysisThe JUMBO stock recorded a significant drop of 1.90% yesterday, closing at 24.72 euros, which is the lowest level in the last six months . The dividend cut has affected the stock price, but forecasts from major analysts indicate significant upside potential. Last Closing Price: 24.72 euros 52-Week High/Low: 32.60 euros / 24.72 euros Economic Analysis Jumbo maintains a high dividend policy for 2024 despite market challenges. The company distributes 3% of its shares, with Apostolos Vakakis reducing his stake to 16.3%. The high dividend yield, combined with the expansion of the store network, enhances the attractiveness of the stock. Expected Dividend Yield: 9.1% 2024 Revenue Growth Estimate: 4%-8% Expected 2024 Earnings: Stable or slightly increased Lowering Revenue and Profit Targets – Warning of Possible Revision Jumbo informed investors that group sales increased by approximately 8% in the first half of the year, with a +9% increase recorded in June compared to the same month last year. Nevertheless, the company sets the bar for revenue and profit growth for the year at the lower end of the initial estimate of 8%-10%. Jumbo warns that if current conditions worsen, which is reasonably expected, the sales growth rate could be limited to +4% with profitability hovering at 2023 levels. Factors Affecting the Estimate Commenting on the business environment, the company mentions that the situation in the Middle East, with the "closure" of the Suez Canal, although initially temporary, will continue to affect the global supply chain likely even after the elections in America. The current global trade situation resembles the pandemic crisis, with transportation costs skyrocketing and delivery times doubling. Jumbo refuses to pass the burden of supply chain disruptions onto consumer prices. The company's strategy remains clear: it does not intend to offer overpriced products, as it estimates that the situation will reverse by the end of 2024 or 2025. Jumbo's Strategy Jumbo chooses products that meet the needs and capabilities of consumers. Faced with the dilemma of a product that includes the cost of disruptions and another with manageable costs, the company chooses the latter. This strategy is expected to lead to an increase in Jumbo's market share in the markets it operates, despite the expected reduction in inventory by the end of the year. First Half 2024 Performance Group sales increased by approximately +8% in the first half of 2024. In June 2024, sales recorded an increase of +9% compared to the same month last year. Detailed sales performance by country: Greece: Net sales increase of +6% in June 2024 and +7% for the first half. Cyprus: Sales increase of +6% in June 2024 and +4% for the first half. Bulgaria: Sales increase of +19% in June 2024 and +11% for the first half. Romania: Sales increase of +17% in June 2024 and +14% for the first half. Store Network Expansion As of June 30, 2024, the JUMBO Group had 86 stores: 53 in Greece, 5 in Cyprus, 10 in Bulgaria, and 18 in Romania, with online stores in Greece, Cyprus, and Romania. By the end of 2024, two new superstores are expected to open in Nicosia and Bucharest. The opening of the new superstore in Timisoara is postponed to the first quarter of 2025. Through partnerships, the group has a presence with 36 stores in 7 countries: Albania, Kosovo, Serbia, North Macedonia, Bosnia, Montenegro, and Israel. A second store in Israel is expected to start operating in August 2024. It is reminded that on July 16, 2024, the dividend from the 2023 earnings, amounting to 1 Euro per share (gross), will be paid. Citi and Pantelakis Securities See Over 20% Upside Potential for the Stock Citi and Pantelakis Securities predict more than 20% upside potential for Jumbo stock, despite the recent downgrade of the guidance from the company's management for the 2024 results. Citi Estimates Citi maintains the target price at €32.5, with an estimated upside of 23.9% from current levels. Combined with the dividend yield expected to reach 9.1%, the total return is estimated to reach 33%. The investment bank issues a buy recommendation for the stock. The target price of €32.5 derives from the average valuation based on the EV/EBITDA multiple, estimating that Jumbo will trade at 9 times the EV/EBITDA ratio for 2025 with a slight premium compared to the 5-year average, and from the discounted cash flow method. The target price implies approximately 14 times the P/E ratio for 2024, according to Citi. Pantelakis Securities Estimates Pantelakis Securities sets the target price at €36, with an estimated upside of 37%. They give an overweight recommendation and highlight that Jumbo is attractively priced at 10.1 times the P/E ratio for 2025 and 6.8 times the EV/EBITDA ratio. Pantelakis Securities calculates that the market at current levels discounts a long-term drop in the EBITDA margin to 17.8% from 36.8% in 2023, which is not justified. Furthermore, they mention that the strong cash flow performance in 2025 at 8% and the generous and sustainable dividend payments (6.9%) further enhance Jumbo's valuation attractiveness. Conclusion Despite the downgrade of the guidance from Jumbo's management for the 2024 results, both Citi and Pantelakis Securities see significant upside potential for the company's stock. Their forecasts are based on stable valuations and estimates for strong cash flows and sustainable dividend yields, making Jumbo stock an attractive choice for investors. Detailed Report Jumbo, one of the leading retailers in Greece, operates in the sale of toys, baby products, gift items, household goods, stationery, seasonal and decorative items, books, and related products in Greece, Cyprus, Bulgaria, and Romania. This analysis focuses on the financial data and technical indicators of Jumbo S.A.'s stock, providing a comprehensive overview for investors and analysts. Technical Analysis Open: €25.24 High: €25.24 Low: €24.72 Close: €24.72 Moving Averages (EMA): EMA 20: €25.52 EMA 50: €26.05 EMA 100: €26.42 EMA 200: €26.54 Jumbo's stock price is below all major moving averages, indicating a downward trend in the short, medium, and long-term horizons. Relative Strength Index (RSI): RSI (14): 31.23, indicating that the stock is in the oversold zone. MACD: Histogram: 0.0070 MACD: -0.3640 Signal: -0.3711 The MACD indicates bearish momentum, with the MACD line below the signal line. Pivot Points Support Levels: S1: €24.82 S2: €24.30 S3: €23.84 Resistance Levels: R1: €25.89 R2: €26.26 R3: €26.78 The stock price is near the first support level, indicating potential reversal points. Financial Data Key Statistics: Market Capitalization: €3.43B Trading Volume: 123.75K (30-day average volume: 173.45K) P/E Ratio: 11.3x (below the Greek market average) Revenue Estimate: €34.14 Analyst Forecasts: Highest Estimate: €38.00 Lowest Estimate: €31.10 Average Estimate: €34.14 Analysts predict a 38.12% increase in stock price over the next year, based on current performance and future prospects. Valuation Estimate Jumbo's stock appears undervalued compared to its intrinsic value, based on analyst forecasts and market prices. Future Growth Key Information: Earnings Growth Rate: 5.8% annually Revenue Growth Rate: 7.1% annually Expected Return on Equity: 23.8% in 3 years Recent Updates: Target price increased by 7.7% to €33.89 (May 23) Target price increased by 7.3% to €33.76 (May 6) Target price increased by 8.1% to €28.50 (August 11) Target price increased by 8.4% to €27.64 (June 27) Past Performance Key Information: Earnings Growth Rate: 14.2% annually EPS Growth Rate: 14.2% annually Revenue Growth Rate: 6.2% annually Return on Equity: 22.8% Net Margin: 28.0% Jumbo has shown strong performance in previous years, with steady earnings and revenue growth, and high return on equity. Jumbo S.A. demonstrates solid performance and has good growth prospects. Despite the recent drop in stock price, analysts remain positive about the company's future, with predictions for significant stock price increase over the next year. The company continues to invest in new markets and improve the efficiency of its existing operations, making it an attractive choice for investors.
ATHEX:BELALong
by kgougakis
ETHBTC – Bottom Likely In!Finally stepping in to say it—ETHBTC has likely bottomed. April marked the final month of its bearish phase, and it just tapped the impulse zone from the last major move, which also lines up with a key range low we haven’t seen since December 2019. The weekly is starting to show early signs of strength, adding weight to this being a pivotal area. From a risk/reward standpoint, this is arguably the best BINANCE:ETHBTC setup in a long time. Time to act accordingly—this could be the moment many have been waiting for. I expect BTC dominance to give alts some room over the next couple of weeks. The real test comes in July. MARKETSCOM:ETHEREUM BINANCE:ETHUSDT
Long
by ZelfTrade
"When Structure Talks, I Listen..."Bird's eye on the 30M - clean breakdown in structure where that HL got smoked, confirming major intent shift. I marked out the previous structure in orange on the left so y'all can see how price came off that congestion and finally showed its hand. Now we wait. Liquidity and inducement sitting real sweet just above that OB - where the lil' penguin's chillin', that's me, eyes peeled, waiting for price to mitigate and deliver. To the right, I sketched the vision - how I see price in motion. Structure's just a rhythm, and this setup's got a melody I've heard before. That bullish correction is just a tune - up before we ride this short wave. Waitin' on confirmations, no rush -'cause I ain't just trading.... I'm reading the market like a sounthern sermon. "Price broke its promise to the bulls... now it's lookin' to comeback home before takin' the back door out. I'm already at the door with my boots on. Let's dance." Bless Trading
CRYPTO:BTCUSDShort
by Juicemannn
STX ANALYSIS (2D)The STX pair has reached a demand zone. A price movement fractal seems to be repeating (highlighted by the orange and white boxes). In the orange boxes, every time STX has dropped more than 72%, it has made a rebound move to the upside. We are looking for buy/long positions around the demand zone. The targets for STX are $0.93 - $1.10 - $1.30. A daily candle close below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
XAUUSD:Sharing of the Latest Trading StrategyToday, we have successfully achieved a target of 120 points. resulted in profits! Check it!👉👉 The historic easing of tariffs between China and the United States, the upcoming peace talks between Russia and Ukraine, and the ceasefire between India and Pakistan have led to a significant decline in the price of gold. More trade agreements are expected to be released in the future, and the outlook for gold remains bearish. Pay attention to the resistance below 3260. In the short term, the price of gold may drop to 3200. Trading Strategy: sell@3250-3260 TP:3220-3200 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
OANDA:XAUUSDShort
by PagAugustine
USOIL:Sharing of the Latest Trading StrategyToday,we have successfully achieved a target of 120 points. resulted in profits! Check it!👉👉 The alleviation of trade concerns has boosted the demand outlook for crude oil. Moreover, Iran is expected to reduce production in June. In the short term, the price of crude oil is likely to maintain a volatile and slightly strong trend. It is necessary to continuously pay attention to the changes in global trade sentiment and the actual progress of the Iran nuclear negotiations. In terms of today's trading of crude oil, it is recommended to mainly go long on pullbacks. Pay attention to the resistance level of 64.0-64.5, and the short-term support level of 61.0-60.5 below. Trading Strategy: buy@61-61.5 TP:63-64 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
TVC:USOILLong
by PagAugustine
BTCUSDT:Sharing of the Latest Trading StrategyToday,we have successfully achieved a target of 120 points. resulted in profits! Check it!👉👉 As of today, Bitcoin has stabilized above $100,000. Institutional funds have been continuously flowing in, and the market sentiment is strongly bullish. Technically, the RSI is approximately 58.7, the MACD is 624.2, indicating strong bullish momentum. However, the Williams %R is -1.2, entering the overbought zone, suggesting a possible short-term adjustment. In terms of trading operations, it is recommended to wait for the price to stabilize within the range of $101,000 - $102,000 before considering entering the market. The target price range is set at $105,000 - $110,000, and the stop-loss is set below $99,000. Trading Strategy: buy@110000-102000 TP:105000-106000 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Long
by PagAugustine
EURUSD:Sharing of the Latest Trading StrategyToday,we have successfully achieved a target of 120 points. resulted in profits! Check it!👉👉 Today, the euro - to - dollar exchange rate is 1.1088, down 1.4023% from the opening price. The easing of Sino - US trade tensions has driven the US dollar higher, and there are still more trade agreements to be released in the future, so the US dollar remains bullish. The euro - to - dollar exchange rate may break below the support level near 1.1050. In terms of trading operations, it is advisable to wait for a rebound before going short. Trading Strategy: sell@1.1150-1.1100 TP:1.1070-1.1050 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Short
by PagAugustine
GBPUSD:Sharing of the Latest Trading StrategyToday,we have successfully achieved a target of 120 points. resulted in profits! Check it!👉👉 Today, the GBP/USD exchange rate is 1.3171, a decrease of 0.98% compared to the opening price. Affected by the easing of Sino-US trade relations, the US dollar continues to strengthen, and more trade agreements are expected to be released in the future, with a strong bullish expectation for the US dollar. Technically, the momentum indicator of GBP/USD is trending lower, and the initial support is at 1.3150. In terms of trading operations, it is recommended to wait until the GBP/USD rebounds to the resistance range of 1.3275-1.3250, and then open a short position with a small position. Trading Strategy: sell@1.3275-1.3250 TP:1.3150-1.3100 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
Short
by PagAugustine
“From flag talk to flow walk—price always reveals the truth.”Cleared out the noise. That “flag” everyone was drawing? Just liquidity congestion in disguise. I refined the chart and locked in on what mattered: major structure broke from the top, and price cleanly took out that internal HL—confirming the shift. Now we’re watching BTC reach above BSL, aiming to mitigate into a key 30M supply zone before continuing the drop. The real target? That bullish OB sitting below, waiting to be respected for a clean higher timeframe continuation. This is how we read the market with purpose—not patterns. Flow, mitigation, and liquidity—pure precision. Bless Trading!
CRYPTO:BTCUSDShort
by Juicemannn
S&P 500 – an ascending channel on Daily Daily Chart (D1) : I'm observing an ascending channel, with a potential manipulation near its lower boundary. If that happens, we may see the formation of a bullish pivot point. Hourly Chart (H1) : I've marked the boundaries of the daily channel on H1. There’s an unfilled gap below, and price might revisit that area. I’m watching the 5690.7 level closely — it could act as a key zone for potential long setups. 📈 If 5690.7 holds , possible long targets include: 🎯 A break above the local high at 5848 🎯 The upper boundary of the channel, which closely aligns with the anticipated bullish pivot point target 📉 If price fails to hold above 5690.7 and breaks lower, I’ll start considering short scenarios and will update this idea accordingly.
OANDA:SPX500USD
by AzbelTrades