French stock alert

FRA

CLOSING UPDATE: Natixis recovers 0.5% on robust volume 15 June 2018 18:12 CEST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's French market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Natixis, France's 4th largest bank by market capitalisation, traded on heavy volume of 1.7 times average today while the price dropped 15.0c (or 2.3%) to trade at EUR6.24. Compared with the CAC 40 Index which fell 26.6 points (or 0.5%) in the day, this represented a relative price change of -1.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the French market, the stock's relative price strength percentile is falling at 32 for 6 months, 25 for 3 months and 16 for 1 month.

+ The price decreased 0.6% in the last week and tumbled 9.3% in the last month.

Note

Bullish Signals:

As per the Du Pont analysis, Return on Equity is less than stellar at 7.8%.

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

Undervaluation:

Return on Equity 7.8% [4.6%]

Return on Assets 0.4% [0.3%]

TODAY'S ALERT

Afternoon Alert: Natixis drops 2.8% on robust volume

15 June 2018 12:06 CEST

Natixis (FR:KN) traded on heavy volume of 1.7 times average so far today while the price dropped 18.0c (or 2.8%) to trade at EUR6.21.

Natixis (FR:KN; EPA:KN; PA:KN; FP:KN)

ISIN: FR0000120685

PermID: 4295954688

Source: www.BuySellSignals.com