Israeli stock alert

ISRAEL

CLOSING UPDATE: ICL Israel Chemicals down 2.4% in 2 days 18 January 2018 17:34 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, extended its slide on Thursday, shedding an additional 22.0 agorot (or 1.5%) to trade at NIS14.88. Trading volume was 1.7 times average at the end of the day. The shares have fallen 37.0 agorot (or 2.4%) over the past two trading days vs. the TA-25 Index which has fallen 0.5% in the same period.

Technical indicators complementing today's significant downtrend:

+ The stock has underperformed 72% of the Israel market over the past 6 months.

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

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

Overvaluation:

+ Price to Book of 10.9 [2.1]

Other Bearish Signals include:

+ Tobin's Q Ratio is 2.2. 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.

Note

ICL Israel Chemicals today is at a discount of 16.2% to the 12-month high of NIS17.76 on 26 Jan, 2017. It is at a premium of 12.7% to the 12-month low of NIS13.21 on 23 Nov, 2017.

Bullish Signals:

The positive 0.25 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price climbed 4.4% in the last week and 4.8% in the last month.

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

Undervaluation:

Dividend yield of 3.3% [0.6%]

TODAY'S ALERT

Morning Alert: ICL Israel Chemicals decreases 0.3%

18 January 2018 11:11 IST

ICL Israel Chemicals Ltd. (TASE:ICL) traded on volume of 0.2 times average so far today while the price decreased 4.0 agorot (or 0.3%) to trade at NIS15.06.

RECENT ALERTS

CLOSING UPDATE: ICL Israel Chemicals recovers 0.4% on high volume

17 January 2018 17:35 IST

ICL Israel Chemicals, Israel's 3rd largest chemical, rubber & plastic company by market capitalisation, traded on heavy volume of 2.4 times average today while the price decreased 15.0 agorot (or 1.0%) to trade at NIS15.10. Compared with the TA-25 Index which fell 7.9 points (or 0.5%) in the day, this represented a relative price change of -0.5%.

Morning Alert: ICL Israel Chemicals decreases 1.4%

17 January 2018 11:11 IST

ICL Israel Chemicals Ltd. (TASE:ICL) traded on volume of 0.2 times average so far today while the price decreased 21.0 agorot (or 1.4%) to trade at NIS15.04.

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

ISIN: IL0002810146

PermID: 4295875035

Source: www.BuySellSignals.com