Japanese stock alert

JAP

Afternoon Alert: Orix accelerates slide, now down 3.1% in 2 days 19 June 2018 13:00 JST

NEWS BITES - JAPAN

Orix Corporation (TO:8591) is down JPY57.50 (or 3.1%) over the past two trading days. After falling 1.1% on Monday, the stock fell 2% on Tuesday to trade at JPY1,805.50 vs. the Nikkei 225 Index that is down 1.6% in the same period.

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

+ The negative 21.21 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the Japan market, the stock's relative price strength percentile is falling at 42 for 6 months, 41 for 3 months and 22 for 1 month.

+ The price dropped 3.3% in the last week and tumbled 8.1% in the last month.

Other Bearish Signals include:

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

Orix today is at a discount of 16.8% to the 12-month high of JPY2,170.82 on 24 Jan, 2018. It is at a premium of 9.7% to the 12-month low of JPY1,645.55 on 08 Sep, 2017.

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

Undervaluation:

Return on Assets 2.8% [0.7%]

Price to Book of 0.8 [1.3]

Return on Equity 11.8% [8.6%]

Dividend yield of 3.7% [2.7%]

Price/Sales of 0.8 [1.0]

Orix Corporation (TO:8591; TYO:8591; T:8591; JP:8591)

ISIN: JP3200450009

Source: www.BuySellSignals.com