Brazilian stock alert

BRAZ

CLOSING UPDATE: Forjas Taurus Preference Shares recovers 3.2% on spectacular volume 21 September 2018 17:36 BRT

NEWS BITES - BRIC

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

Forjas Taurus Preference Shares, Brazil's 5th largest industrial company by market capitalisation, traded on heavy volume of 20.3 times average today while the price tumbled 47.0 centavos (or 8.9%) to trade at R$4.83. Compared with the Brazil Index 50 which rose 195.6 points (or 1.5%) in the day, this represented a relative price change of -10.4%.

Note

Forjas Taurus Preference Shares today is at a discount of 10.4% to the 12-month high of R$5.39 on 20 Sep, 2018. It is at a premium of 161.1% to the 12-month low of R$1.85 on 16 Nov, 2017.

Bullish Signals:

The positive 0.55 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the Brazilian market, the preference stock's relative price strength percentile is rising at 99 for 6 months, 99 for 3 months and 99 for 1 month.

In the last three months the preference stock has hit a new 52-week high five times, pointing to an uptrend.

The price soared 73.7% in the last week and 114.7% in the last month.

The present value of BRL1,000 invested one year ago is R$1,902 [vs R$1,054 for the Brazil Index 50].

Tobin's Q Ratio is 0.1. Compared with the rest of the market the preference stock is undervalued and ranks in the top 3% of preference stock by value of Q Ratio.

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

Undervaluation:

Price/Sales of 0.1 [0.7]

TODAY'S ALERTS

Afternoon Alert: Forjas Taurus Preference Shares plummets 11.7% on high volume

21 September 2018 13:10 BRT

Forjas Taurus SA (SA:FJTA4) traded on heavy volume of 2.0 times average so far today while the price plummeted 62.0 centavos (or 11.7%) to trade at R$4.68.

Morning Alert: Forjas Taurus Preference Shares plummets 13.2%

21 September 2018 11:10 BRT

Forjas Taurus SA (SA:FJTA4) traded on volume of 0.7 times average so far today while the price plummeted 70.0 centavos (or 13.2%) to trade at R$4.60.

RECENT ALERTS

CLOSING UPDATE: Forjas Taurus Preference Shares hits 52-week high fourth time in one month

19 September 2018 17:35 BRT

Forjas Taurus Preference Shares, Brazil's 5th largest industrial company by market capitalisation, hit a 52-week high of R$4.75 today for the fourth time in the past one month and last traded at R$4.18. This brought its three-day rise to R$1.40 or 50.4%. Trading volume was 30.0 times average at the end of the day. Compared with the Brazil Index 50 which fell 19.8 points (or 0.1%) in the day, this represented a relative price increase of 22.7%.

Afternoon Alert: Forjas Taurus Preference Shares hits 52-week high fourth time in one month

19 September 2018 13:09 BRT

Forjas Taurus SA (SA:FJTA4) hit a 52-week high of R$4.50 today for the fourth time in the past one month and last traded at R$4.19. This brought its three-day rise to R$1.41 or 50.7%. Trading volume was 4.9 times average so far today.

Forjas Taurus SA (SA:FJTA4; SAO:FJTA4; BZ:FJTA4)

ISIN: BRFJTAACNPR2

PermID: 4295859838

Source: www.BuySellSignals.com