Israeli stock alert

ISRAEL

CLOSING UPDATE: ICL Israel Chemicals increases 0.8% - outperforming 96% of stocks 16 January 2018 17:12 IST

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).

ICL Israel Chemicals, Israel's 3rd largest chemical, rubber & plastic company by market capitalisation, has increased 12.0 agorot (or 0.8%) today to trade at NIS15.25 and has outperformed 96% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the TA-25 Index which rose 3.3 points (or 0.2%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.22 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price jumped 8.7% in the last week and 7.2% in the last month.

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

Undervaluation:

+ Dividend yield of 3.2% [0.5%]

Note

ICL Israel Chemicals today is at a discount of 14.2% to the 12-month high of NIS17.76 on 26 Jan, 2017. It is at a premium of 15.5% to the 12-month low of NIS13.21 on 23 Nov, 2017.

Bearish Signals:

In the last three months the stock has hit a new 52-week low seven times, pointing to a significant downtrend.

Tobin's Q Ratio is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom 9% of stocks by value of Q Ratio.

Net profit margin has averaged 4.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

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

Overvaluation:

Price to Book of 11.1 [2.1]

TODAY'S ALERTS

Afternoon Alert: ICL Israel Chemicals increases 1.3% on spectacular volume

16 January 2018 13:11 IST

ICL Israel Chemicals Ltd. (TASE:ICL) traded on heavy volume of 6.4 times average so far today while the price increased 20.0 agorot (or 1.3%) to trade at NIS15.33.

Morning Alert: ICL Israel Chemicals decreases 0.5% on extraordinary volume

16 January 2018 11:11 IST

ICL Israel Chemicals Ltd. (TASE:ICL) traded on heavy volume of 4.1 times average so far today while the price decreased 7.0 agorot (or 0.5%) to trade at NIS15.06.

RECENT ALERTS

CLOSING UPDATE: ICL Israel Chemicals decreases further 1.0%, led market lower

15 January 2018 17:12 IST

ICL Israel Chemicals, Israel's 3rd largest chemical, rubber & plastic company by market capitalisation, has dropped 3.0% to trade at NIS15.13 vs. the TA-25 Index which weakened 1.4 points (or 0.09%) to 1,539.6. Representing a weighting of about 4.0% of the index, the stock accounted for the loss. Trading volume was 1.2 times average at the end of the day. Compared with the TA-25 Index which fell 1.4 points (or 0.09%) in the day, this represented a relative price change of -2.9%.

Afternoon Alert: ICL Israel Chemicals drops 2.1%, leads market lower

15 January 2018 13:11 IST

ICL Israel Chemicals Ltd. (TASE:ICL) has dropped 2.1% to trade at NIS15.28 vs. the TA-25 Index which weakened 1.7 points (or 0.1%) to 1,539.2. Representing a weighting of about 4.0% of the index, the stock accounted for 74.7% of today's loss. Trading volume was 1.4 times average so far today.

ICL Israel Chemicals Ltd. (TV:ICL; TLV:ICL; TA:ICL; TA:ICL; IT:ICL)

ISIN: IL0002810146

PermID: 4295875035

Source: www.BuySellSignals.com