NESN ** TOP 10 LIST 2025**
Added 2025-01-01 16:15:43 +0000 UTCFrom a Technical point of view, this is very attractive but with one very clear disclaimer, the price has not reached the 0.618 Fib at 64.30. So we still have some time to wait before considering a position here....but it is pulling back to a level that we simply can not ignore.
Again, this is the Weekly chart:
200 WMA is at 106 and we want the price to fall to 64 (significantly undervalued with a large margin of safety)
In Primary Wave 2
3 Wave pull back
Dividend of +4%
RSI on the weekly is at 18!!!
MACD looks massively oversold
Outside of the US
1.618 Fib for Wave 3 is at 235.
Fair Value is 185, +200% gain from 64.
Fundamentals are healthy and it is not overvalued, strong brand and in a strong Swiss Currency, not a surprise to see this move down to the 0.618 Fib as the US market is in Wave 5.
Right now, this is not a buy until support is held and I expect a test at 64, a hold here and I would strongly consider adding.
Comments
nesn doesn't show up in schwab for me
AL
2025-01-01 21:24:45 +0000 UTChttps://x.com/bourboncap/status/1874455817023271160?s=61&t=TMMrt-a3AkLiUxk5qBCBiQ
Johnnyboy
2025-01-01 20:00:31 +0000 UTCWorked at Nestle USA for 12 years. They are the worldโs largest food company. 2020 was their biggest year ever, since 1866. Theyโve been cutting expenses and employees the past couple years.. I left in 2022. They arenโt going anywhere! Just thought Iโd share my experiences.
Action Jackson
2025-01-01 19:41:56 +0000 UTCI worry about dividend stocks . They move slowly and the dividends is as if they gave up hope on growing.
Logan
2025-01-01 17:42:10 +0000 UTCWith $NSRGY, the 0.618 Fib is at $72.50 and the current price is $81.70, so they are closely aligned.
Gareth Neary
2025-01-01 16:26:12 +0000 UTCNSRGY the U.S. stock ticker for NESTLE
Daniel
2025-01-01 16:22:41 +0000 UTC
