Printer Friendly

UFS Investment Company - Technical Analysis, Equity, Jul 29, 2013.

The MICEX index overcame the upper end of the downtrend.

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.

(To view the original document, please click on the link below:

http://reports.aiidatapro.com/brokers/UFSen/20130729-TechnicalAnalysisEquity.pdf)

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.

Support: 92.50.

Resistance: 95.60.

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.

Resistance: 126.00.

Support: 131.00.

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.

Support: 243.0.

Resistance: 256.0.

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.

Recommendation: hold.

****

Copyright: UFS Investment Company,. All rights reserved.

For further information please contact: UFS Investment Company,

129090, Moscow, Protopopovskiy lane, 2

Tel.: General: +7 (495) 781 02 02

Fax: +7 (495) 781 73 07

e-mail: research@ufs-federation.com, http://en.ufs-federation.com
COPYRIGHT 2013 AII Data Processing Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Russian Banks and Brokers Reports
Date:Jul 29, 2013
Words:381
Previous Article:Ricom Trust - Share market commment, Jul 29, 2013.
Next Article:UFS Investment Company - Daily Stock Market Review, Jul 29, 2013.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters