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PIONEER INSURANCE
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FUNDAMENTAL DATA:
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CATEGORY:     DA       
FV:     100.00       
ML:     50       
NAV:     226.47       
EPS:     58.73       
EPS(2009):     28.35       
EPS GROWTH:     107.16       
NPAT:     110.12       
NPAT(2009):     81.30       
NPAT GROWTH:     35.45       
LAST TRADE PRICE(10-02-2011):     1284.25       
P/E:     21.87       
PRICE/NAV:     5.67       
ROE:     25.93       
AUTHORISED CAPITAL:     200.00       
PAID UP CAPITAL:     188.00       
PUBLIC CAPITAL:     93.75       
LDIV:YEND:     25%B : 1209       
RTAG:     Q3     


Comment:
Fundamental Strength:MEDIUM



TECHNICAL ANALYSIS:
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Price and moving averages:
PIONEERINS 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 neutral in mid-long term.

Bollinger Bands:
PIONEERINS has closed above bottom band by 5.1%.
Bollinger Bands are 51.2% narrower than normal.
The narrow width of the bands suggests low volatility as compared to PIONEERINS'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 4 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   38.668
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 lowest value in the last 14 period(s).  This is bearish.
Divergence:
The RSI and price are not diverging.

MACD
MACD Value: -102.900, Signal Line:  -80.790
Crossovers:
Currently the MACD is bearish since it is trading below its signal line.
The MACD crossed below its signal line 3 period(s) ago.
Overbought/Oversold:
The MACD is in an oversold range. Prices may continue to move lower for some time.  Wait for prices to move higher before considering any long positions.

Divergence:
There have been no divergence signals within the last 5 periods.

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