The German company could regain its upward trend after having run out of steam.

Strong growth is expected for the future fiscal years concerning revenues and benefits. Moreover, the target price from analysts is around 144 EUR which gives a 15 EUR potential compare to the current prices.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, the EUR 126.5 support offer an entry point on the stock in order to reach the next resistance at EUR 138.3. Therefore, a technical rebound will fix an objective near the EUR 138.3 short-term resistance.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Bayer. The objectives will be set at EUR 138.35 and by extension EUR 146.2. The stop loss will be triggered below the EUR 126.5 support.