German stock alert
Afternoon Alert: Decheng Technology hits 52-week low ninth time in one month 18 October 2017 13:14 CEST
NEWS BITES - EUROPE
Decheng Technology AG (ETR:333) hit a 52-week low of 94.0c earlier today for the ninth time in the past one month, but later rebounded higher to 95.0c. Trading volume was 1.7 times average so far today.
Current indications of bearish signals that support the trend in the unusual trading:
+ The negative 0.19 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The stock has underperformed 99% of the Xetra market over the past 6 months.
+ The price plummeted 32.1% in the last month.
+ The present value of EUR1,000 invested one year ago is EUR388 [vs EUR1,228 for the DAX Index].
The 1.1% premium to 12-month low of 94.0c against the 66.5% discount to high of EUR2.84 suggests the decline might be bottoming.
Decheng Technology AG (DE:333; ETR:333; GR:333)