Technical patterns and qualitative fundamentals enable us to point a rebound.
The company shows qualitative fundamentals. Indeed, its net revenue should increase by 24% YoY. Growth perspective are important on the stock concerning the next 3 years. In the same time, margins should progress, confirming the healthy situation of the company.
Following a bullish wave, the stock gradually declines and prices are coming near to an important support level. It correspond to the lower band of the USD 100/104 trading range. At this level, a new buyers interest about the stock would easily allow a rally in the medium and long term toward USD 104. Then, the breakout of this level will argue for a target at USD 108.
Therefore, a long position could be taken above USD 100. The target will then be USD 104 and 108 by extension. A stop loss will be placed under the entry point in case of a failure of the bullish overflow.
The Hain Celestial Group, Inc. is a global health and wellness company. The Company operates through two segments: North America Segment, and International Segment. The Companyâs North America Segment includes the United States and Canada. The Companyâs International Segment includes the United Kingdom, and Europe. The Company's brands include Garden Veggie Snacks, Terra chips, Garden of Eatin snacks, Earths Best and Ellas Kitchen baby and toddler foods, Celestial Seasonings teas, Joya and Natumi plant-based beverages, Greek Gods yogurt, Yorkshire Provender, Cully & Sully and Covent Garden soups, Yves and Linda McCartneys (under license) meat-free, Alba Botanica natural sun care, and Live Clean personal care products, among others. The Company sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores worldwide.