Cementir Holding SpA, Italy’s fifth largest Construction, Engineering & Materials company by market capitalisation, increased 7.75 Eurocents (or 2.4 per cnet) to €3.36, ending a two-day streak of losses. Compared with the MIBTEL Index which fell 110.0 points (or 0.6 per cent) on the day, this represented a relative price change of 2.9 per cent. The volume was 1.2 times average trading of 227,649 shares.
Volatility: The stock traded between an intraday low of €3.27 and two-day high of €3.44. This suggests a trading opportunity between peaks and troughs.
Moving Average Price (MAP): The price to 200-day MAP ratio is 0.67, a bearish indicator. In the past 200 days this ratio has been under 0.67 45 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of Euro3.87 is lower than the 200-day MAP of €5.05, a bearish indicator. The 200-day MAP has decreased to €5.05. A decrease is another bearish indicator. In the last three months the number of falls outnumbered rises 36:26 or 1.38:1.
Relativities: Since open its percentile rank in the Italian market was 78. In the Italian market of 372 stocks, the stock has a six-month relative strength of 10 indicating it is trailing 90 per cent of the market.
Volume and Turnover Period: There were 272,178 shares worth €14,518 (US$1m) traded. The turnover rate in the 12 months to date was 35.9 per cent (or a turnover period of 2 years 9 months). This average length of ownership of the stock at 1.7 times the average holding period of 1 year 7 months for stocks in the All STARS Index suggests a larger number of core investors, making a long-term investment safer.
Percentage Premium to Low: The last price is at a premium of 3.3 per cent to the 12-month low of €3.25 one-day ago on 29 Sep, 2008.
Volume Weighted Price (VWP): The price is at a discount of nine per cent to the one-month volume weighted average price of €3.69, which may appeal as a value proposition.
-month volume weighted average price of €3.69, which may appeal as a value proposition.