Analysis: MARICO

Today’s pick is MARICO [stockquote]MARICO[/stockquote]. The stock has been in an uptrend since the very beginning of the year. It touched the 52 week high of Rs. 232 a couple of weeks ago, and is still continuing in the upwards direction. In the last three months, the stock is up 15% vs. 5% of the Nifty’s.

MARICO technical chart

Oscillators RSI and CMO are in no man’s land suggesting no direction for the stock.

The MACD line and the signal line are moving close to each other – directionless. Both long-term and short-term GMMA lines are well dispersed giving a very prominent bullish signal for the stock. Short-term technical gave a 4×9 bullish signal for the stock last week.

MARICO correlation chart

MARICO’s average correlation of 0.35 with the Nifty is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

MARICO volatility chart

MARICO has a historical volatility in the range of 0.4 to 0.8. The scrip’s volatility currently is in the lower range.

To conclude, given these technicals, the stock is a short-term BUY. Following the current trend in the progress, the scrip is also a long term BUY.

Disclaimer: The author has a long position in this stock

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Alan Turing ♥ StockViz

200px-Alan_Turing_photoAlan Turing is considered the father of modern computers and artificial intelligence. He was the first to give a formalization of the concepts of “algorithm” and “computation” with the Turing machine. He also developed the “Turing Test”: a test of a machine’s ability to exhibit intelligent behavior, equivalent to or indistinguishable from, that of an actual human.

He said: “I propose to consider the question, ‘Can machines think?’ Are there imaginable digital computers which would do well in the imitation game?”

StockViz would fail the Turing Test – we are proud to be machine-like in our thinking. We Invest Without Emotion. However, we are sure that Alan Turing would be proud to see our machines – his creations – at work. Alan Turing, we salute thee!

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Analysis: AMBUJACEM

Today’s pick is AMBUJACEM [stockquote]AMBUJACEM[/stockquote]. The stock started an uptrend in June, after a range-bound start for the year. After reaching its 52 week high of Rs. 223/- in October, the stock has been under a pennant formation. In the last three months, the stock is up 8% vs. 7% of the Nifty’s.

AMBUJACEM Technical Chart

Oscillators RSI and CMO are in no man’s land suggesting no direction for the stock.

The MACD line and the signal line are moving close to each other – directionless. Also, both long-term and short-term GMMA lines are too constricted to give any signal. Short-term technical gave a 18×4 bearish signal for the stock yesterday.

AMBUJACEM Correlation Chart

AMBUJACEM’s average correlation of 0.52 with the Nifty is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

AMBUJACEM Volatility Chart

AMBUJACEM has a historical volatility in the range of 0.3 to 0.8. The scrip’s volatility currently is in the lower range.

To conclude, given these technicals, the stock is a short-term HOLD. For the long-term a directional bet could be made once we see a break-out of the pennant so we suggest a long-term HOLD.

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Isaac Newton ♥ StockViz

GodfreyKneller-IsaacNewton-1689

How would Newton trade stocks if he were alive?

Having lost $2.72 million USD in today’s money due to speculation in The South Sea Company stock in the 1720s, he would be very vary about hyped-up stocks that go up without a reason. He claimed to have said: “I can calculate the motions of heavenly bodies, but not the madness of people.”

However, a little known fact is that Newton first invested a small amount prior to the South Sea bubble and exited at a profit in the early stages before the bubble really got going. Newton then sees his friends getting rich as the bubble really gets going and re-enters near the peak of the bubble with a lot of money. Newton had to exit broke after the stock falls roughly back to where he had initially invested just a small amount of money.

If Newton were to be alive today, he would using our Trailing Stop Loss alerts.

How are you protecting your profits?

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Analysis: LICHSGFIN

Today’s pick is LICHSGFIN [stockquote]LICHSGFIN[/stockquote]. The stock has been on a constant uptrend for the entire year coupled with many corrections. It touched its 52 week high of Rs. 287 in October. The stock is currently hovering around the same levels after experiencing a double bottom around Rs. 240 levels. In the last three months, the stock is up 6% vs. 8% of the Nifty’s.

LICHSGFIN technical chart

Oscillators RSI and CMO are deep inside the over-bought territory – a bearish sign for the scrip.

The MACD line and the signal line are moving parallel to each other not suggesting any direction for the stock. Also, both long-term and short-term GMMA lines are wide open, giving an extremely bullish signal.

LICHSGFIN correlation plot

LICHSGFIN’s average correlation of 0.62 with the Nifty is positive and strong. The stock will be replicating the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

LICHSGFIN volatility chart

LICHSGFIN has a historical volatility in the range of 0.3 to 0.8. The scrip’s volatility currently is in the lower range.

LICHSGFIN Fundamental

From a fundamental point of view, Globe Capital has a BUY on LICHSGFIN. The decrease in NPA ratio and an outlook to attain a higher net interest margin are expected to boost company’s profit organically.

To conclude, given these technicals, the stock is a short-term SELL. For the long-term the stock does not seem to have a visible resistance level (if it clears 287, the sky is the limit.) Also the fundamentals are bullish: long-term BUY

 

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