KWS SAAT approaches a relevant price and it could be an opportunity to revive the bullish momentum.

The German seed keeps a good rating "Surperformance" with some attractive basis for investors. Its valuation level is within the industry average and its growth rate adds a positive argument. Certainly, the latest estimates of analysts are bearish but these adjustments are widely integrated in the current prices. The consensus still gives an ambitious target price near EUR 280.

Technically, the security has a negative configuration in the short term under the resistance at EUR 265. However, after the sharp decrease in recent weeks, KWS SAAT now appears in an oversold situation. We are also close to a strong support and the upward trend line(EUR 248/250).

To take advantage of any technical rebound on KWS SAAT , it seems appropriate to take a long position at the current price. We anticipate a come back to the EUR 265.5 resistance. We should not insist under EUR 242.5 and set a stop loss below this level.