Israeli stock alert

ISRAEL

CLOSING UPDATE: Bank Hapoalim B.M. increases 0.6%, led Bank sector higher 20 September 2018 20:47 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

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

Bank Hapoalim B.M., Israel's 2nd largest bank by market capitalisation, has increased 0.6% to trade at NIS26.63 vs. the Bank sector which strengthened 5.2 points (or 0.3%) to 1,716.7. Representing a weighting of about 30.3% of the sector, the stock accounted for 61.0% of today's gain. Trading volume was 1.9 times average at the end of the day. Compared with the TA-25 Index which rose 12.9 points (or 0.8%) in the day, this represented a relative price change of -0.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.15 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 2.2% discount to 12-month high of NIS27.24 against the 18.0% premium to 12-month low of NIS22.56 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.

+ The price climbed 4.3% in the last week and 4.2% in the last month.

Other Bullish Signals include:

+ Net profit margin has averaged 25.4% in the last 3 years. This is considered superior and suggests a high margin of safety.

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity is less than stellar at 6.0%. Also, this has deteriorated from 7.6% last year.

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

Overvaluation:

Price/Earnings of 16.1 [13.1]

Dividend yield of 1.9% [2.8%]

Return on Equity 6.0% [7.7%]

Return on Assets 0.5% [0.6%]

TODAY'S ALERTS

Afternoon Alert: Bank Hapoalim B.M. increases 0.8% on high volume

20 September 2018 14:11 IDT

Bank Hapoalim B.M. (TASE:POLI) traded on heavy volume of 1.9 times average so far today while the price increased 22.0 agorot (or 0.8%) to trade at NIS26.69.

Afternoon Alert: Bank Hapoalim B.M. increases 0.6% on firm volume

20 September 2018 12:10 IDT

Bank Hapoalim B.M. (TASE:POLI) traded on heavy volume of 1.2 times average so far today while the price increased 15.0 agorot (or 0.6%) to trade at NIS26.62.

RECENT ALERTS

CLOSING UPDATE: Bank Hapoalim B.M. keeps rising: up 3.7% in 3 days

17 September 2018 20:47 IDT

Bank Hapoalim B.M., Israel's 2nd largest bank by market capitalisation, extended its gains on Monday, rising an additional 5.0 agorot (or 0.2%) to trade at NIS26.47. Trading volume was 46% of average at the end of the day. The shares have risen 94.0 agorot (or 3.7%) over the past three trading days vs. the TA-25 Index which has risen 1.2% in the same period.

Afternoon Alert: Bank Hapoalim B.M. increases 0.2%

17 September 2018 14:11 IDT

Bank Hapoalim B.M. (TASE:POLI) traded on volume of 0.7 times average so far today while the price increased 5.0 agorot (or 0.2%) to trade at NIS26.47.

Bank Hapoalim B.M. (TV:POLI; TLV:POLI; TA:POLI; TA:POLI; IT:POLI)

ISIN: IL0006625771

PermID: 4295875283

Source: www.BuySellSignals.com