Date of Data Capture: 07/04/2021
Name: SELECT HARVESTS LIMITED (SHV)
Classification: Food Processing
Current Price: $6.30
Market Capitalisation: $754 M
Forecast EBITDA Growth: 22.77%
Yield Estimate: 2.97%
Consensus Price Target: $7.20
# Covering Analysts: 5
Discount at Current Price: -14.29%
Price Target Trend (3-Month): Flat-Down -1.91%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Almond grower and health food producer SHV could be coming out of its shell here, breaking through linear resistance with fresh strength, good momentum and robust forecasting.
• A strong 2019 gave way to a weak 2020 with falls in sales, margins and earnings, but analysts carry a majority positive consensus, predicting a stronger recovery next year and out to 2023.
• Pricing shows a huge uptrend topping out in early 2020, before being cut in half throughout last year, major linear resistance broke last month, setting up targets much higher above.
Support ($): 6.00, 5.75, 5.50, 5.25, & 5.00
Resistance ($): 6.50, 7.00, 8.00, 9.00 & clear.