1. Fundamentals:
Thyssenkrupp have suffered a lot. In 7 years it lost 90% of the market cap!
Early 2018 the stock price was €26, and it fell under €3 in 2024.
Slowdown in European industry, especially car manufacturing, and the idea of 'green steel' did hurt the price.
A quick recovery happened to €11, as European spending picked up steam. Especially, defense spending and the recovery in the car industry give hope to the car industry. Continental delivered good earnings last week.
However, the defense part might not be help earnings as soon 2025 Q1, and the car industry alone don't justify the €11 price.
2. Technicals
The first rally in one month was fast, but had volume under it.
The price of €2.768 in 2024 september was clearly a nonsense, shorters exited the stock and accumulation started.
In one month, February to March it went bananas, +140%, then Liberation day came and it fell, like everything else.
It rose again, but this time, the volume is declining.
My hunch is, a spike to 10.9-11.6 on earnings (15. May), and then straight down under €6.
Can be a good long on long-term, but it's overbought now.
Can be a good short idea on earnings, if it opens green.
Thyssenkrupp have suffered a lot. In 7 years it lost 90% of the market cap!
Early 2018 the stock price was €26, and it fell under €3 in 2024.
Slowdown in European industry, especially car manufacturing, and the idea of 'green steel' did hurt the price.
A quick recovery happened to €11, as European spending picked up steam. Especially, defense spending and the recovery in the car industry give hope to the car industry. Continental delivered good earnings last week.
However, the defense part might not be help earnings as soon 2025 Q1, and the car industry alone don't justify the €11 price.
2. Technicals
The first rally in one month was fast, but had volume under it.
The price of €2.768 in 2024 september was clearly a nonsense, shorters exited the stock and accumulation started.
In one month, February to March it went bananas, +140%, then Liberation day came and it fell, like everything else.
It rose again, but this time, the volume is declining.
My hunch is, a spike to 10.9-11.6 on earnings (15. May), and then straight down under €6.
Can be a good long on long-term, but it's overbought now.
Can be a good short idea on earnings, if it opens green.
Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.