Spanish stock alert

SPAIN

CLOSING UPDATE: Adveo Group International hits 52-week low fourth time in one month 20 June 2018 21:00 CEST

NEWS BITES - EUROPE

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

Adveo Group International, Spain's 2nd largest retailer/wholesaler company by market capitalisation, hit a 52-week low of EUR1.33 earlier today for the fourth time in the past one month, but later rebounded higher to EUR1.35. Trading volume was 2.4 times average at the end of the day. Compared with the IBEX 35 Index which rose 33.5 points (or 0.3%) in the day, this represented a relative price change of -3.2%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.13 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last one month the stock has hit a new 52-week low four times and in the last three months eighteen times, pointing to a significant downtrend.

+ The price tumbled 7.5% in the last week and plummeted 17.2% in the last month.

+ The present value of EUR1,000 invested one year ago is EUR435 [vs EUR911 for the IBEX 35 Index].

Note

Bullish Signals:

The company is cash rich with Cash to Market Capitalisation at 23.2%.

Oversold/Bullish:

The 1.1% premium to 12-month low of EUR1.33 against the 59.0% discount to high of EUR3.29 suggests the decline might be bottoming.

TODAY'S ALERTS

Afternoon Alert: Adveo Group International hits 52-week low fourth time in one month

20 June 2018 14:40 CEST

Adveo Group International SA (MA:ADV) hit a 52-week low of EUR1.35 earlier today for the fourth time in the past one month, but later rebounded higher to EUR1.36. Trading volume was 53% of average so far today.

Morning Alert: Adveo Group International hits 52-week low fourth time in one month

20 June 2018 11:39 CEST

Adveo Group International SA (MA:ADV) hit a 52-week low of EUR1.35 today for the fourth time in the past one month and last traded at EUR1.35. Trading volume was 28% of average so far today.

Adveo Group International SA (MA:ADV; MCE:ADV; MC:ADV; SM:ADV)

ISIN: ES0182045312

PermID: 4295889295

Source: www.BuySellSignals.com