Petron Malaysia Refining & Marketing Bhd (PTMR:KL) Bargain Buy at 8.10
Petron Malaysia Refining & Marketing Bhd (PTMR:KL) has an ERP5 rank of 1017. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. It looks at the stock’s Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The lower the rank, the more undervalued a company is considered to be.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 9.27.
The projected lower bound is: 7.08.
The projected closing price is: 8.17.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 2 black candles for a net of 5 white candles. During the past 50 bars, there have been 17 white candles and 31 black candles for a net of 14 black candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 64.3564. This is not an overbought or oversold reading. The last signal was a sell 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 46.19. 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 41 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 -19. This is not a topping or bottoming area. The last signal was a sell 15 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 1 period(s) ago.
Rex Takasugi – TD Profile
PETRON MALAY BHD closed down -0.370 at 8.190. Volume was 32% below average (neutral) and Bollinger Bands were 24% narrower than normal.
Open High Low Close Volume___
8.450 8.450 8.120 8.190 304,500
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 8.19 8.35 10.55
Volatility: 40 85 66
Volume: 311,580 436,532 495,196
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.
PETRON MALAY BHD is currently 22.4% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into PTMR.KL (mildly bullish). Our trend forecasting oscillators are currently bearish on PTMR.KL and have had this outlook for the last 4 periods.
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