Japanese stock alert

JAP

Afternoon Alert: Mitsubishi UFJ Financial decreases 1.5%, leads market lower 19 June 2018 13:00 JST

NEWS BITES - JAPAN

Mitsubishi UFJ Financial Group Inc. (TO:8306) has decreased 1.5% to trade at JPY643.20 vs. the Nikkei 225 Index which weakened 197.4 points (or 0.9%) to 22,581.4. Representing a weighting of about 2.4% of the index, the stock accounted for 4.2% of today's loss. The shares have underperformed 86% of the market in the past month. Trading volume was 1.3 times average so far today.

Current indications of bearish signals that support the trend in the unusual trading:

+ The negative 15.03 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The 2.4% premium to 12-month low of JPY628.16 against the 27.1% discount to high of JPY881.81 suggests the stock continues to push for new lows.

+ The price sank 4.8% in the last week and plummeted 10.7% in the last month.

Note

Bullish Signals:

Net profit margin has averaged 17.4% in the last 3 years. This is considered superior and suggests a high margin of safety.

Revenue growth and EBITDA growth have shown signs of recovery in recent years.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Return on Equity 7.0% [5.4%]

Return on Assets 0.4% [0.3%]

Mitsubishi UFJ Financial Group Inc. (TO:8306; TYO:8306; T:8306; JP:8306)

ISIN: JP3902900004

Source: www.BuySellSignals.com