Almirall technical indicators as of September 14, 2021
Almirall presents attractive valuation multiples compared to competitors and continues to diversify its sources of income expected to continue growing at rates that will approach double digits in 2022. Sustained growth that occurs organically and that allows the company to maintain more than acceptable solvency levels. The stock receives a positive fundamental assessment (see “Almirall: we analyze its potential beyond market reaction”).
At a quantitative level, the Almirall title earns an honors degree, a total score of 10, with the technical indicators from the premium area. A rating that can only be obtained when all the patterns that we use to follow and detect an uptrend are positive both in the medium and long term.
Almirall in daily chart and logarithmic scale, with range of amplitude in percentage, MACD oscillator and trading volume
Graphic analysis of Almirall as of September 14, 2021
A graphical analysis allows us to appreciate a stock that finds problems to overcome the maximum zone between 15.35 and 14.96. However, there are quite a few positives: stagnation has eliminated overbought, the bottom structure is bullish, and volume is entrenched at medium levels. In these circumstances we consider that we can witness a new attempt to break the 15.35 / 14.96 area. In this context, it makes sense to take long or buy positions at current levels, at the height of the long-term bullish guideline drawn on the chart. The starting stop below the intermediate low located at 12.95 and the 200-session moving average.