FUNDAMENTAL DATA:
FV 10 ML 500
NAV : 137.20
LATEST EPS 13.66(HY) EPS(2009): 3.45
ANNUAL GROWTH IN EPS: 295.95%
NPAT : 232.32 mn NPAT(2009) : 58.66mn
NPAT Growth: 296.04%
LATEST P/E 8.25 ( On 02.01.2011)
PRICE/NAV : 0.82
Comment:
Fundamental strength :
Very Strong
Eps growth : :
Very Strong
NPAT Growth: :
Very Strong
Technical analysis:
Price
Price and moving averages:
GRAMEEN1 has closed above its Short time moving average.
Short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is:
bullish in short-term, and bullish in mid-long term.
Bollinger Bands:
GRAMEEN1 has closed above the upper band by 16.9%. Although prices have broken the upper band and a upside breakout is possible, the most likely scenario for GRAMEEN1 is to continue within current trading range.
This picture becomes somewhat unclear due to the fact that Bollinger Bands are currently56.3% narrower than normal.
The narrow width of the bands suggests low volatility as compared to GRAMEEN1's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 17 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.
RSI
The current value for the RSI15 is 62.135
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 has just reached its highest value in the last 14 period(s). This is bullish.
Divergence:
The RSI and price are not diverging.
MACD
MACD Value: 2.691, Signal Line: 1.572
Crossovers:
Currently the MACD is bullish since it is trading above its signal line.
The MACD crossed above its signal line 1 period(s) ago.
Since the MACD crossed its moving average, GRAMEEN1's price has increased 7.736
And has ranged from a high of 115.000 to a low of 99.900
Overbought/Oversold:
The MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
MFI
The current value for the MFI(14) is 75.144
The Money Flow Index (MFI) is a momentum indicator that measures the strength of money flowing in and out of a security. It is related to MFI but additionaly accounts for volume.
Tops and Bottoms:
The MFI is not currently in a topping (above 80) or bottoming (below 20) range.
NVI
Current value of NVI is 0.069
The interpretation of the NVI assumes that on days with decreased Volume, the 'smart money' is quietly taking positions. Thus, the NVI displays what the smart money is doing by showing price action only when Volume is decreasing. NVI is most usefuly as a bull market indicator.
Currently NVI is below its 260 period (one year on daily chart) moving average.
NB: This commentary is the opinion of the poster only. It does not give any conclusive buy/sell decision. Use at your own risk
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