Saudi Arabian stock alert

SAARAB

Morning Alert: Saudi Printing & Packaging accelerates rise, now up 5.1% in 3 days 18 October 2017 11:28 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Saudi Printing & Packaging CO (TASI:4270) is up 98.0 hallalah (or 5.1%) over the past three trading days. After rising 0.9% on Monday, and 1.5% on Tuesday, the stock rose 2.7% on Wednesday to trade at SAR20.10 vs. the All Share Index (TASI) that is up 0.3% in the same period.

SECTION 1: The past week

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

1.1 5-day Recap

Saudi Printing & Packaging outperformed the All Share index (TASI) in 3 out of 5 days.

DayHeadlineClose price [SAR]Price change %Relative change %Comment
TuesdaySaudi Printing & Packaging outperforms 94% of the market19.581.51.2Top Rise
MondaySaudi Printing & Packaging rises for a second consecutive day, a two-day rise of 1.5%19.30.90.4
SundaySaudi Printing & Packaging increases against the trend19.120.50.7

Note

DayHeadlineClose price [SAR]Price change %Relative change %Comment
ThursdaySaudi Printing & Packaging down 21% in less than 5 weeks19.02-1.7-2.6
WednesdaySaudi Printing & Packaging tumbles 8.7%19.34-8.7-6.5Steepest Fall

SECTION 2: Technical indicators

Bullish:

The stock has outperformed 88% of the Saudi Arabian market over the past 6 months.

In the last three months the stock has hit a new 52-week high thrice.

The present value of SAR1,000 invested one year ago is SAR1,856 [vs SAR1,274 for the All Share Index (TASI)], for a capital gain of SAR856. The total return to shareholders for 1 year is 85.6%.

Note

The stock is at a discount of 24.1% to the 12-month high of SAR26.50 on 07 Sep, 2017. It is also at a premium of 94.2% to the 12-month low of SAR10.35 on 19 Oct, 2016.

Bearish:

The negative 0.83 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.

The price plummeted 15.5% in the last month.

SECTION 3: Ranking

DescriptionValueRank In Market
Price/MAP2001.09In Top Quartile
MCap $US million321In 3rd Quartile
52-week Range (in SAR)10.3-26.5
1-month Range (in SAR)17.4-24.1
RSI23.6Bullish
Today's Volatility %2.3In Bottom Quartile

Saudi Printing & Packaging CO (SA:4270; SAU:4270; AB:4270)

ISIN: SA000A0MSX40

PermID: 4298007728

Source: www.BuySellSignals.com