Italian stock alert

ITALY

CLOSING UPDATE: UniCredit down 2.7% in 2 days 15 June 2018 19:15 CEST

NEWS BITES - EUROPE

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

UniCredit, Italy's 2nd largest bank by market capitalisation, extended its slide on Friday, shedding an additional 21.0c (or 1.4%) to trade at EUR14.31. Trading volume was 1.8 times average at the end of the day. The shares have fallen 39.0c (or 2.7%) over the past two trading days vs. the FTSE MIB Index which has fallen 0.1% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.77 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The 5.8% premium to 12-month low of EUR13.53 against the 21.6% discount to high of EUR18.25 suggests the stock continues to push for new lows.

+ In the Italian market, the stock's relative price strength percentile is falling at 32 for 6 months, 14 for 3 months and 3 for 1 month.

+ In the last three months the stock has hit a new 52-week low thrice.

+ The price plummeted 19.8% in the last month.

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

Overvaluation:

+ Price to Book of 0.7 [0.3]

+ Return on Equity 3.2% [9.9%]

+ Return on Assets 0.2% [1.1%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 3.2%. Also, this has deteriorated from 3.8% last year.

Note

Bullish Signals:

In the last three months the stock has hit a new 52-week high thrice.

The company is cash rich with Cash to Market Capitalisation at 32.3%.

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

Undervaluation:

Dividend yield of 2.2% [0.9%]

TODAY'S ALERTS

Afternoon Alert: UniCredit down 3.5% in 2 days

15 June 2018 14:06 CEST

UniCredit (MI:UCG) extended its slide on Friday, shedding an additional 33.0c (or 2.3%) to trade at EUR14.19. Trading volume was 1.3 times average so far today. The shares have fallen 51.0c (or 3.5%) over the past two trading days vs. the FTSE MIB Index which has risen 0.4% in the same period.

Afternoon Alert: UniCredit down 3.0% in 2 days

15 June 2018 12:07 CEST

UniCredit (MI:UCG) extended its slide on Friday, shedding an additional 26.0c (or 1.8%) to trade at EUR14.26. Trading volume was 1.1 times average so far today. The shares have fallen 44.0c (or 3.0%) over the past two trading days vs. the FTSE MIB Index which has risen 0.8% in the same period.

RECENT ALERTS

CLOSING UPDATE: UniCredit keeps rising: up 8.1% in 3 days

13 June 2018 19:18 CEST

UniCredit, Italy's 2nd largest bank by market capitalisation, extended its gains on Wednesday, rising an additional 21.0c (or 1.4%) to trade at EUR14.70. Trading volume was 1.3 times average at the end of the day. The shares have risen EUR1.10 (or 8.1%) over the past three trading days vs. the FTSE MIB Index which has risen 4.0% in the same period.

Afternoon Alert: UniCredit lifts 2.5%, leads market higher

13 June 2018 14:06 CEST

UniCredit (MI:UCG) has lifted 2.5% to trade at EUR14.85 vs. the FTSE MIB Index which strengthened 160.5 points (or 0.7%) to 22,280.3. Representing a weighting of about 7.2% of the index, the stock accounted for 24.7% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 82% of average so far today.

UniCredit (MI:UCG; BIT:UCG; IM:UCG)

ISIN: IT0005239360

PermID: 4295875726

Source: www.BuySellSignals.com