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EBL
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FUNDAMENTAL DATA:     
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CATEGORY:     DA
FV:     10.00
ML:     200
NAV:     28.86
EPS:     8.49
EPS(2009):     5.85
EPS GROWTH:     45.13
NPAT:     2480.20
NPAT(2009):     1454.54
NPAT GROWTH:     70.51
LAST TRADE PRICE(27-01-2-11):     103.40
P/E:     12.18
PRICE/NAV:     3.58
ROE:     29.42
AUTHORISED CAPITAL:     12000.00
PAID UP CAPITAL:     2921.00
PUBLIC CAPITAL:     2506.93
LDIV:YEND:     20%, 17%B : 1209
RTAG:     Q3

Comment:
Fundamenta Strength: STRONG


TECHNICAL ANALYSIS:
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Price and moving averages:
EBL has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.

Bollinger Bands:
EBLhas closed above bottom band by 42.8%.
Bollinger Bands are 29.8% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

RSI
The current value for the RSI15 is   47.066
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.
Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.

Divergence:
The RSI and price are not diverging.

MACD
MACD Value:  -22.675, Signal Line:  -21.087

Crossovers:

Currently the MACD is bearish since it is trading below its signal line.
The MACD crossed below its signal line 5 period(s) ago.
Overbought/Oversold:
The MACD is not in an Overbought/Oversold range.
Divergence:
A bullish divergence occurred 3 period(s) ago. Wait for upward price movement for confirmation before considering any long positions.

CAUTION:This commentary is not a recommendation to buy or sell. Use at your own risk.

OFFLINE

Dear Taj Vai,

Thank you once again for your nice efforts and helping us. Would you please mind providing the same for other banks such as Standard bank, Trust Bank….

For EBL, in the Price and moving averages section, you mentioned that ‘bearish in short-term, and bearish in mid-long term.’ However, in the MACD Divergence section you said that ‘A bullish divergence occurred 3 period(s) ago’. Is not it contradicting? Never mind, I might misunderstood.

THANKS Again

OFFLINE

Originally Posted by Mainul Islam:
Dear Taj Vai,

Thank you once again for your nice efforts and helping us. Would you please mind providing the same for other banks such as Standard bank, Trust Bank….

For EBL, in the Price and moving averages section, you mentioned that ‘bearish in short-term, and bearish in mid-long term.’ However, in the MACD Divergence section you said that ‘A bullish divergence occurred 3 period(s) ago’. Is not it contradicting? Never mind, I might misunderstood.

THANKS Again

THanks. No misunderstanding. The bullish divergence in MACD occured 3 weeks ago, not now, The relationship between the price and moving average is bearish for short to mid long term. This warns us not to entry now and wait for a confirmation for the rise.

I am preparing the analysis of other scrips as well.