UFS Investment Company - Technical Analysis, Equity, Jul 29, 2013.
MACD is developing a sell signal. ADX is indicating slight deceleration of the uptrend; DMI+ is located above DMI-; ADX is in the middle of the scale and is going laterally. The indicator based on ADX dynamics gave a bearish signal on July 18.
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The MICEX index overcame the upper end of the downtrend (red dotted line), now testing it as a support level.
MACD gave a bullish signal. DMI+ and DMI- converged; ADX is at the bottom of the scale and is going downwards, indicating the local flat trend. The indicator of ADX dynamics now sent a buy signal on July 25.
Recommendation: buy from 1385Co1400 points.
Sberbank equities slipped out from the ascending channel.
MACD looks neutral. ADX is indicating a moderate downtrend. The indicator based on ADX dynamics gave a buy signal on July 24.
Recommendation: Close earlier opened long positions; out of the market.
Gazprom equities are developing the uptrend; the correctional decline will likely be followed by resumed growth.
MACD gave a buy signal. ADX is signalling a weak uptrend underway. The indicator based on ADX dynamics looks neutral.
Recommendation: buy from 123 rubles.
Severstal stocks are near the upper end of the medium-term sloping downward channel (yellow price corridor) and at the lower end of the local upward channel (green price corridor).
MACD is forming a buy signal. ADX is signalling a lateral trend. The indicator of ADX dynamics gave a sell signal on July 22.
Recommendation: out of the market.
Rosneft's stocks are near the lower end of the ascending price channel.
MACD looks neutral. ADX is indicating deceleration a flat trend. The indicator of ADX dynamics gave a sell signal on July 11.
Support is at 240.00.
Resistance is at 247.50.
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|Publication:||Russian Banks and Brokers Reports|
|Date:||Jul 29, 2013|
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