Home Asia Australia Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Pental Limited (PTL:AX) biggest intraday pct gain since May 14

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Pental Limited (PTL:AX) biggest intraday pct gain since May 14

Shares of Pental Ltd PTL.AX rise as much as 5.3% to A$0.30, in their biggest intraday pct gain since May 14

Distributor of personal care and home products says it expects FY19 net sales revenue of A$101 mln ($69.91 mln) vs A$75.7 mln prvs year, underlying NPAT of A$3.4 mln vs A$2.6 mln.

Expects FY underlying EBIT of A$4.9 mln vs A$3.8 million.

Company to release full-year 2019 results in August.

Company says it continues to focus on reducing manufacturing & overhead costs to remain competitive in an aggressive retail environment.

Stock had risen 5.6% this year, as of last close.

Overall, the bias in prices is: Downwards.

By the way, prices are vulnerable to a correction towards 0.31.

The projected upper bound is: 0.33.

The projected lower bound is: 0.27.

The projected closing price is: 0.30.

Candlesticks

During the past 10 bars, there have been 1 white candles and 1 black candles. During the past 50 bars, there have been 7 white candles and 4 black candles for a net of 3 white candles.

A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 7 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.0000. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.87. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 219 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 13. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 15 period(s) ago.

Rex Takasugi – TD Profile

PENTAL FPO closed up 0.015 at 0.300. Volume was 72% below average (consolidating) and Bollinger Bands were 26% narrower than normal.

Open High Low Close Volume___
0.300 0.300 0.300 0.300 20,014

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period     50-period     200-period
Close: 0.30 0.31 0.31
Volatility: 53 64 74
Volume: 38,509 25,074 63,471

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

PENTAL FPO gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
PENTAL FPO is currently 2.2% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into PTL.AX (mildly bullish). Our trend forecasting oscillators are currently bearish on PTL.AX and have had this outlook for the last 11 periods.

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