Israeli stock alert

ISRAEL

Morning Alert: Melisron hits 52-week low fifth time in one month 21 January 2018 11:10 IST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Melisron Ltd. (TASE:MLSR) hit a 52-week low of NIS149.10 earlier today for the fifth time in the past one month, but later rebounded higher to NIS149.40. Trading volume was 28% of average so far today.

SECTION 1: The past week

Current indications of bearish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Melisron keeps sliding: down 8.5% in 4 weeks January 18, 2018 17:30 IST

Melisron Ltd. (TASE:MLSR), Israel's 3rd largest Real Estate and Construction company by market cap, extended its slide in the past week ended Thursday, shedding an additional NIS7.30 (or 4.6%) to close at NIS150.60. The shares have tumbled NIS14.0 (or 8.5%) over the past four weeks. Compared with the TA-25 Index which rose 49.1 points (or 3.3%) in the four weeks, this represented a relative price change of -11.8%. The volume was 0.8 times average trading per week of 223,380 shares. In the past four weeks the market cap has declined NIS622.5 million.

1.2 5-day Recap

Melisron underperformed the TA-25 index in 5 out of 5 days.

DayHeadlineClose price [NIS]Price change %Relative change %Comment
ThursdayMelisron accelerates decline, down 2.2% in 2 days150.6-1.4-1.4
WednesdayMelisron in 3rd consecutive fall, nears a 20-month low152.7-0.8-0.3
TuesdayMelisron in 2nd consecutive fall, nears a 20-month low154.0-0.8-1.0
MondayMelisron underperforms 94% of the market155.2-1.8-1.7Steepest Fall

Note

DayHeadlineClose price [NIS]Price change %Relative change %Comment
SundayMelisron rises for a second consecutive day, a two-day rise of 0.6%158.00.1-0.9Top Rise

SECTION 2: Technical indicators

Bearish:

The negative 3.69 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are falling - another bearish signal. In the past week, the stock's MACD has been negative every day, a reinforcing bearish signal.

In the Israel market, the stock's relative price strength percentile is slipping at 14 for 6 months, 9 for 3 months and 6 for 1 month.

The price sank 5.4% in the last week and tumbled 9.4% in the last month.

The present value of NIS1,000 invested one year ago is NIS923 [vs NIS1,081 for the TA-25 Index], including a capital loss of NIS104 and dividend reinvested of NIS26. The total return to shareholders for 1 year is -7.7%.

Note

Oversold/Bullish:

The 0.2% premium to 12-month low of NIS149.10 against the 27.4% discount to high of NIS205.64 suggests the decline might be bottoming.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion1.9In Top 9%
52-week Range (in NIS)149.1-205.6
1-month Range (in NIS)149.1-167.6
RSI16.0Bullish
Williams %R-98.3Bullish
Price/MAP2000.83In Bottom Quartile

SECTION 4: Recent News of Melisron

November 28 2017: Melisron announces dividend

Melisron today announced a cash dividend of NIS1.35 per share. The ex dividend date is Wednesday, November 22, 2017 and it is payable on Thursday, December 07.

Melisron Ltd. (TV:MLSR; TLV:MLSR; TA:MLSR; TA:MLSR; IT:MLSR)

ISIN: IL0003230146

PermID: 4295874993

Source: www.BuySellSignals.com