X5 Retail Group NV is close to an area that might stop the downward trend.

From a fundamental viewpoint, the company shows positive information with EV/Sales ratio at 0.47x which shows low valuation. Revenues growth rate add relevance to this investment.

In the short term, the bearish trend has known a weakening close to the USD 16.2 mid-term support. A new bullish trend is forming toward the 20-day moving average at USD 17.6.

Ideally, investors will take a long position nearby the USD 16.2 support currently tested, in order to benefit from a technical rebound. The USD 17.6 is the first goal. This strategy should be covered by a stop loss placed under the USD 16.2 support because a breakdown of this level would invalidate it.