The EUR 11.72 support, currently tested, should allow Jenoptik to rally again.

From a fundamental viewpoint, Jenoptik seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 1.12 times its revenues. This valuation is only 14.07 and 12.01 times the next two years earnings.

After several weeks of horizontal fluctuations within the mid-term range EUR 11.7/13.6, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation. The EUR 11.7 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the EUR 12.75 short-term resistance.

Thanks to the technical pattern and Jenoptik's strong fundamentals, active investors can open long positions above EUR 11.7. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at EUR 12.75 in a first time. However, a bearish trend would regain the upper hand if the security crosses EUR 11.7.