Exclusive: After Reaching Yearly Low, Is BASF SE (ADR)’s Near-Term Analysis Negative?

Exclusive: After Reaching Yearly Low, Is BASF SE (ADR)'s Near Term Analysis Negative?

The stock of BASF SE (ADR) (OTCMKTS:BASFY) hit a new 52-week low and has $81.68 target or 5.00% below today’s $85.98 share price. The 9 months bearish chart indicates high risk for the $80.15B company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $81.68 price target is reached, the company will be worth $4.01B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,858 shares traded hands. BASF SE (ADR) (OTCMKTS:BASFY) has risen 19.83% since March 14, 2016 and is uptrending. It has outperformed by 14.22% the S&P500.

According to Zacks Investment Research, “Brown-Forman Corporation is a producer and marketer of fine quality beverage alcohol brands. The brands include Jack Daniel’s, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra. They globally market and sell various categories of beverage alcohol products, such as Tennessee, Canadian, and Kentucky whiskies; Kentucky bourbons; California sparkling wine; tequila; table wine; liqueurs; vodka; and ready-to-drink products. They sell their wine and spirits brands either through wholesale distributors or in states that directly control alcohol sales, state governments that then sell to retail customers and consumers. Their main international markets are the U.K., Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and Russia.”

More notable recent BASF SE (ADR) (OTCMKTS:BASFY) news were published by: Marketwatch.com which released: “BASF SE ADR” on April 15, 2011, also Seekingalpha.com with their article: “BASF keeps mum on Monsanto deal report” published on July 14, 2016, Seekingalpha.com published: “BASF says Q3 operating earnings, sales fell” on October 11, 2016. More interesting news about BASF SE (ADR) (OTCMKTS:BASFY) were released by: Seekingalpha.com and their article: “Brexit Bargains Part 4: BASF – An Interrupted Recovery Story” published on July 01, 2016 as well as Bidnessetc.com‘s news article titled: “BASF SE (ADR) Seeks To Sell Its Steal Coating Business” with publication date: November 05, 2015.

BASFY Company Profile

BASF SE, incorporated on January 14, 2008, is a chemical company. The Firm operates through five divisions: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions. The Functional Materials & Solutions segment consists of the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions. The Agricultural Solutions segment consists of the Crop Protection division. The Oil & Gas segment is engaged in the Exploration and Production business sector.

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