A long-term turnaround is taking shape at the German biotech company
Related content
7.5% deficit is projected for 2026, and 5.2% for next year
7.5% deficit is projected for 2026, and 5.2% for next year, as the effect of previous tax cuts new spending measures build up, while one-off expenditures fall out in 2027.
Hungarian Equities - Technical Analysis
The BUX index broke its rising market structure last week, suggesting that the prolonged upward wave may have come to an end. MOL has also remained in correction phase since the dividend payment and has now fallen below the 5,000 level, leaving the next significant support considerably lower. Richter found support around 12,180, but no convincing reversal signal has been confirmed yet. Magyar Telekom continues to trade within an increasingly narrow range, with a high-momentum session likely needed to provide short-term direction. Opus remains in a downtrend. Rába is also moving within a broad trading range, although another upward wave could develop later if the necessary technical conditions are met.
European markets have reached key support levels thanks to the recent corrections. However, the downturn has not yet given way to a turnaround. This is confirmed by our screening list, which shows few or no promising opportunities. In such a market environment, momentum-based turnaround strategies are typically less effective, which is why, once again, only a few companies met our screening criteria. From the list, we highlighted the German life sciences and biotechnology company Sartorius AG, which develops and manufactures laboratory and biopharmaceutical production equipment, as well as related services. We see a long-term turnaround opportunity, so seeking long positions may be worth considering.
Best rated European stocks based on momentum ranking
Compelling technical picture:
Sartorius (daily): A structural shift has finally appeared on the chart after a long time. The downtrend broke weeks ago, but only a break above the 250 level indicates that the structure is changing and an uptrend may be on the way. A gap around 312 is expected to be filled, so this could also be the target price. It’s advisable to manage risk by exiting the position if the thick green trendline is broken.
List of stocks with a chance of a turnaround in the coming weeks
Most popular European stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
Get more out of your investments!
Global Markets Services
OTP Global Markets offers a broad range of services in the field of local and international money and capital markets.
Read morePrivate Banking Services
Personal care and expertise with OTP Private Banking, along with the knowledge, security, and innovations of a multinational banking group.
Read more