Top5 oversold/overbought according to RSI & AECI
FTSE/JSE All Share Top5 oversold/overbought according to 14day RSI indicator as follow:
Oversold:
Tongaat 12
Tsogo Sun 17
Netcare 22
Omnia 26
AECI 31
Overbought:
EoH 74
Allied Electronics 73
Famous Brands 69
Nampak 67
Lonmin 67
Spending some time on AECI. This could be one of my favorite SA Inc/Value stocks on the JSE. A company trading below a 10 HPE and a dividend yield of close to 6%...what’s not to like? After the recent retracement, AECI traded at its diagonal support trend line for a brief moment on Friday. This is a trend that developed since the beginning of this year. The share price does find itself now in extreme oversold according to its 14 day RSI & and heavily underperformed the FTSE/JSE All Allshare Index.
Should we see a break and close below the support line (R85), we could see AECI testing the longer-term support at R81.
On the upside, the first target is both the 50- and 200-day moving averages at R94.25, with a breakthrough those resistance levels, finding resistance most probably at R97.15. Short term target remains R106.
Fundamentally the company is healthy (read our report here: http://oldoak.co.za/wp/index.php/2019/03/01/get-to-know-your-jse-companies-aeci-ltd-jse-afe/). Thomson Reuters currently got a consensus target price of R127.65 on the company.
Oversold:
Tongaat 12
Tsogo Sun 17
Netcare 22
Omnia 26
AECI 31
Overbought:
EoH 74
Allied Electronics 73
Famous Brands 69
Nampak 67
Lonmin 67
Spending some time on AECI. This could be one of my favorite SA Inc/Value stocks on the JSE. A company trading below a 10 HPE and a dividend yield of close to 6%...what’s not to like? After the recent retracement, AECI traded at its diagonal support trend line for a brief moment on Friday. This is a trend that developed since the beginning of this year. The share price does find itself now in extreme oversold according to its 14 day RSI & and heavily underperformed the FTSE/JSE All Allshare Index.
Should we see a break and close below the support line (R85), we could see AECI testing the longer-term support at R81.
On the upside, the first target is both the 50- and 200-day moving averages at R94.25, with a breakthrough those resistance levels, finding resistance most probably at R97.15. Short term target remains R106.
Fundamentally the company is healthy (read our report here: http://oldoak.co.za/wp/index.php/2019/03/01/get-to-know-your-jse-companies-aeci-ltd-jse-afe/). Thomson Reuters currently got a consensus target price of R127.65 on the company.
Trade attivo
Break and close above R100 - next target R106Trade chiuso: obiettivo raggiunto
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.