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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Technip    TEC   FR0000131708


Delayed Quote. Delayed  - 10/20 05:38:42 pm
61.19 EUR   +4.26%
03:40p FMC TECHNOLOGIE : Reports Third Quarter 2016 Diluted Earnings per Sh..
10:41a TECHNIP : awarded contract to supply furnaces in an ethylene plant i..
10/19 TECHNIP : Awarded Contract to Supply Furnaces in an Ethylene Plant
Analysis summary4-Traders Strategies 

Perfect timing for a technical rebound

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02/12/2013 | 09:58am
Opinion : Bullish above EUR 77.45
Target price : EUR 82.8
Stop loss: EUR 75.8
Oil Related Services and Equipment

In the past few sessions, Technip shares have suffered from a sharp fall and is now coming back on significant level support.

From a fundamental viewpoint, the security is cheap with a PER of 17.18x for 2012 and 13.45x for 2013. Besides, EV/Sales is low with a ratio at 1.01x for this year.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the EUR 77.45 area should stop this trend and allow a technical rebound towards EUR 82.75. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Therefore, the proximity of the EUR 77.45 support is an opportunity to take a long position in Technip. The first goal is a return in the EUR 82.75 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.

TECHNIP : Perfect timing for a technical rebound

© Zonebourse.com 2013
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Provides project management, engineering and construction servicesTechnip SA engages in the fields of project management, engineering and construction for the energy industry, which offers comprehensive portfolio solutions and technologies.It provides services for basic and detail engineering,... 
Oil Related Services and Equipment
10/27 | 07:00amEarnings Release
More about the company
Financials (€)
Sales 2016 10 781 M
EBIT 2016 861 M
Net income 2016 531 M
Finance 2016 142 M
Yield 2016 3,25%
P/E ratio 2016 13,44
P/E ratio 2017 17,60
EV / Sales 2016 0,65x
EV / Sales 2017 0,75x
Capitalization 7 180 M
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Duration : Period : Day
Technip Technical Analysis Chart | TEC | FR0000131708 | 4-Traders
Duration : Period : Week
Technip Technical Analysis Chart | TEC | FR0000131708 | 4-Traders
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