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Guinness Nigeria PLC ... time to buy?So! Guiness NIgeria PLC price action just formed a Cup and Handle pattern. The chart could also double for an inverse head and shoulder. Current price: 60.25 Investment buy reasons: 1. Notably, a high volume buy of over 49.5m just entered into the market. 2. Current price is the low price of 2017 and hence Low Risk Buy Profit taking areas if this analysis proves right: 107, 170, 212 Analysis invalidates below 49 One of the questions i get: "why you charting stocks?". Really? Isn't Price action involved in it's movements?
NSENG:GUINNESSLong
by Ifiok-2sydes
FTNCOCOA FTN Cocoa Processors PlcFTN Cocoa Processors Plc price action just formed an inverse head and shoulders pattern. Current price: 2.00 (at Neckline Resistance) Investment buy reasons: 1. Notable higher highs created from 0.94 to 1.47 2. Current price is a low risk buy, as price action has retraced over 50% from all time high of 4.1 Profit taking areas if price action breaks neckline resistance: 2.97, 3.96 Note: This Analysis invalidates below. 1.47 Disclaimer: This is for educational purposes only and does not constitute financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
NSENG:FTNCOCOA
by Ifiok-2sydes
1
FIDELITY: A CLEAR PATH FOR THIS CRUDE ECONOMYNigeria's economy has shown remarkable resilience in the second quarter of the year, defying expectations and paving the way for a promising outlook. Despite global challenges, the West African nation has made significant strides in key sectors, setting the stage for a robust performance in the remaining half of the year. Under the leadership of Governor Cardoso, the CBN has implemented policies aimed at diversifying the economy, improving the business environment, and boosting investor confidence. These efforts have started to bear fruit, with notable gains in: - Agriculture: Increased investment in the sector has led to enhanced productivity and exports. - Infrastructure: Ongoing projects in transportation, energy, and telecommunications are expected to drive growth. - Manufacturing: Improved policies have attracted foreign investment, boosting production and job creation. With these positive developments, expectations are high that Cardoso's mandate will: - Foster sustained economic growth - Enhance Nigeria's global competitiveness - Create jobs and improve living standards As the economy continues to gain momentum, Nigeria is poised for a remarkable turnaround.
NSENG:FIDELITYBKLong
by My-Erow
Nigerian Stock Market Analysis: Access Bank Technical Analysis Introduction Nigerian Stock Market Analysis of Access Bank Technical Share Review. Access Bank stands as a beacon of opportunity, but how should investors interpret the current technical indicators? Let’s dive into the data and uncover the insights that could guide your next investment move. Technical Indicators Overview The technical indicators present a mixed picture, with oscillators signaling neutrality, moving averages suggesting a sell sentiment, and pivot points indicating potential support and resistance levels. Moving Averages Analysis Moving averages reflect a bearish sentiment, with both exponential and simple moving averages signaling a sell. This trend persists across various timeframes, from short-term to long-term, highlighting a consistent downward pressure on the stock price. Pivot Points Analysis Pivot points reveal critical price levels, with the classic, Fibonacci, Camarilla, Woodie, and DeMark pivot points indicating potential support and resistance zones for Access Bank shares. Understanding these levels can assist traders in setting entry and exit points. Overall, pivot point analysis aligns with the strong sell sentiment observed in other technical indicators. MACD (Moving Average Convergence Divergence) MACD is a trend-following momentum indicator that helps traders identify potential changes in the direction of a stock’s price movement. The blue line crosses below the orange line above the histogram, which signifies selling potential. The histogram also shows mild selling strength. This signal is oversold; traders should watch for potential trend reversals or buying opportunities. This is based on Nigerian Stock Market Analysis. Support and Resistance Line Support and resistance levels are areas on a stock chart where the price tends to find barriers to moving further in a particular direction. We have resistance at 25.80, 27.40 and 30.50, while support lines exist at 16.00 and 19.65. The price is about to break from 19.65 support back to 16.00. Stochastic Oscillator Traders use the stochastic oscillator to identify overbought and oversold conditions in the market. Access bank Shares are oversold (20%) on the daily chart for short-term to medium-term investors and heading toward oversold (20%) on the weekly chart for long-term investors or traders. Recommendation Based on Market Oversold Signals Despite the bearish technical indicators, it’s crucial to consider the broader market sentiment. The market appears oversold based on daily chart indicators, suggesting a potential reversal in the near future. Therefore, investors may view this as an opportunity to accumulate shares at a discounted price. Short-term and medium term investors can buy now at N19.30 or N16.00, take a profit at N25.80, and look further to take another profit at N30.00 based on market sentiment. Conclusion While technical analysis provides valuable insights, it’s essential to complement it with fundamental analysis and market sentiment. Access Bank’s stock presents an intriguing opportunity amidst the current market conditions. However, investors should exercise caution and conduct thorough research before making any investment decisions. Remember, this analysis serves as a guide, not as financial advice. Always conduct your due diligence and consult with a financial advisor before executing any trades. By offering a comprehensive analysis of Access Bank’s technical indicators and market conditions, this article aims to empower investors with the knowledge needed to navigate the Nigerian Stock Market effectively.
NSENG:ACCESSCORPLong
by Adeolagub
2
Access Bank Technical Analysis: On Nigerian Stock MarketIntroduction Welcome to our in-depth technical analysis of Access Bank shares on the Nigerian Stock Market. In this analysis, we will examine various technical indicators, including RSI, MACD, moving averages, pivot points, and more, to provide valuable insights into Access Bank’s current market sentiment and potential investment opportunities. Technical Indicators Overview: Access Bank’s technical indicators suggest a strong buy sentiment. The RSI (Relative Strength Index) stands at 60.413, indicating a buy signal, while the MACD (Moving Average Convergence Divergence) and CCI (Commodity Channel Index) also signal buy opportunities. However, the STOCH (Stochastic Oscillator) suggests a sell neutral, highlighting some conflicting signals in the short term. Moving Averages Analysis: Access Bank’s moving averages analysis further supports a strong buy sentiment. The simple and exponential moving averages (MA) across different periods (5, 10, 20, 50, 100, and 200) all indicate buy signals. This suggests a positive trend in Access Bank’s stock price movement across various time frames. Pivot Points Analysis: Pivot points analysis provides additional insights into potential support and resistance levels for Access Bank shares. The pivot points, including classic, Fibonacci, Camarilla, Woodie’s, and DeMark’s, suggest key price levels that traders and investors can use to make informed decisions. Overall, pivot points analysis aligns with the strong buy sentiment observed in other technical indicators. MACD (Moving Average Convergence Divergence): MACD is a trend-following momentum indicator that helps traders identify potential changes in the direction of a stock’s price movement. The blue line crosses above the orange line below the histogram, which signifies buying potential. The histogram also shows good buying strength. Support and Resistance Lines: Support and resistance levels are areas on a stock chart where the price tends to find barriers to moving further in a particular direction. We have resistance at 27.40 and 30.50, while support lines exist at 16.00 and 19.65 Stochastic Oscillator: Traders use the stochastic oscillator to identify overbought and oversold conditions in the market. Access bank Shares are overbought on the daily chart for short-term to medium-term investors. Recommendation: Based on the technical analysis conducted, Access Bank shares demonstrate a favorable outlook, with most indicators signaling a strong buy sentiment. Investors looking to capitalize on potential upward price movements may consider buying Access Bank shares. However, it’s essential to conduct thorough research and consider other factors, such as market trends and risk tolerance, before making investment decisions. Short-term and medium term investors can buy now and take a profit at N27.40 and look further to take another profit at N30.00 based on market sentiment. Conclusion: In conclusion, Access Bank’s technical analysis reveals a positive market sentiment, with various indicators suggesting a strong buy recommendation. By leveraging technical insights such as RSI, MACD, moving averages, and pivot points, investors can make informed decisions and navigate the Nigerian stock market effectively. Please contact your broker for a final investment decision.
NSENG:ACCESSCORP
by Adeolagub
UBA Technical Analysis and Stock Review on Nigerian Stock MarketIn the dynamic world of stock trading, making informed decisions is crucial for investors seeking to maximize returns. Today, we delve into a comprehensive technical analysis of United Bank for Africa (UBA) shares. Providing insights into its performance on the Nigerian Stock Market and offering recommendations for potential investment opportunities. Technical Indicators Overview: According to recent technical indicators. UBA shares are signaling a favorable outlook, with a majority indicating a “Buy” sentiment. The Relative Strength Index (RSI) stands at a neutral level, while the Stochastic Oscillator and Stochastic RSI reflect a neutral to overbought sentiment. The Williams %R, Commodity Channel Index (CCI), and Highs/Lows indicators suggest a bullish trend. Moving Averages Analysis: Analyzing the moving averages. UBA shares exhibit a positive trend, with the majority of indicators signaling a “Buy.” The Simple and Exponential Moving Averages for various time periods, including MA5, MA10, MA20, MA100, and MA200, suggest favorable buying opportunities, albeit with some selling pressure observed in MA50. Pivot Points Analysis: Pivot points further confirm a positive outlook for UBA shares, with both Classic and Fibonacci pivot points indicating potential support and resistance levels. These points serve as valuable reference markers for traders to assess price movements and strategize entry and exit points. MACD (Moving Average Convergence Divergence): MACD is a trend-following momentum indicator that helps traders identify potential changes in the direction of a stock’s price movement. The blue line crosses above the orange line below the histogram, which signifies buying potential. The histogram also shows good buying strength. Support and Resistance Lines: Support and resistance levels are areas on a stock chart where the price tends to find barriers to moving further in a particular direction. We have resistance at 26.55, 29.45, and 33.55, while support lines exist at 15.65, 19.50 and 22.20. Stochastic Oscillator: Traders use the stochastic oscillator to identify overbought and oversold conditions in the market. UBA Shares are overbought on the daily chart for short-term investors. Conclusion and Recommendation: Based on the technical analysis presented, UBA shares demonstrate strong potential for investment, supported by favorable indicators across various metrics. While some caution is warranted due to overbought signals in certain indicators, the overall sentiment remains bullish. Investors are encouraged to consider UBA shares as a viable addition to their portfolios. Leveraging current market conditions and technical indicators to make well-informed decisions. Short-term investors can wait and allow the price to come down to N22.20 and take a profit at N26.55. And further, looking for better opportunities, while medium- to long-term investors can buy now and take profit at N33. for more information
NSENG:UBALong
by Adeolagub
1
Investment Opportunity: A Review of UBA Shares in NSMIntroduction: In the dynamic landscape of the Nigerian Stock Market, understanding the fundamental aspects of a company like UBA is crucial for investors seeking lucrative opportunities. In this review, we delve into the key metrics and performance indicators of UBA shares, providing insights and recommendations for potential investors. Fundamental Analysis: Current Performance: UBA's bid/ask prices stand at 24.40/24.45, reflecting stable trading activity. With a previous close of 24.9 and an open of the same value, the stock exhibits consistent market presence. Price Range: UBA shares have seen a day's range of 24.5-25, highlighting moderate volatility within the trading session. However, the 52-week range of 7.7-34 showcases substantial growth potential. Volume and Market Cap: With a volume of 2,723,610 and an average volume of 33,068,225 over three months, UBA maintains a significant market presence. The market cap of 831.05B further solidifies its position as a prominent player in the Nigerian market. Financial Performance: UBA's revenue stands at 1.02 trillion, reflecting its robust operational performance. The P/E ratio of 1.69 indicates an undervalued stock, presenting an attractive opportunity for investors. Dividend Yield: With a dividend yield of 5.76%, UBA offers an attractive income stream for investors. The streak of 11 consecutive dividend payments underscores its commitment to shareholder returns. Growth Potential: UBA has demonstrated an impressive 1-year change of 203.73%, indicating substantial growth momentum. Moreover, its EPS of 14.49 and a book value per share of 50.42 highlight its strong financial standing. Recommendation: Considering UBA's solid financial performance, consistent dividend payments, and growth potential, it presents a compelling investment opportunity in the Nigerian Stock Market. Investors seeking stability, income, and capital appreciation can consider adding UBA shares to their portfolio. Conclusion: In the ever-evolving landscape of the Nigerian Stock Market, UBA emerges as a standout performer with promising prospects. By leveraging its strong fundamentals and market position, UBA shares hold the potential to deliver significant returns for investors. However, as with any investment, conducting thorough research and seeking professional advice is paramount to making informed decisions.
NSENG:UBALong
by Adeolagub
LOOK FOR BUYHello, Dangote sugar stock chart from a technical view. Stock at a good place for buy. Dangote Sugar Refinery Plc engages in the manufacture, refining, marketing, and distribution of sugar products. It involves in refining of raw sugar into edible sugar and the selling of refined sugar. The firm operates through the following geographical segments: Northern Nigeria, Western Nigeria, Eastern Nigeria and Lagos. Market Capitalization 194.957B Enterprise Value (MRQ) 71.156B Enterprise Value/EBITDA (TTM) 1.1764 Total Shares Outstanding (MRQ) 12.147B Price to Earnings Ratio (TTM) 6.5652 Basic EPS (TTM) 2.4447
NSENG:DANGSUGARLong
by thesharkke
2
Look for a small buy to the topHello, Nestlé Nigeria Plc engages in the manufacture, marketing, and distribution of food and beverage products. It operates through the Food and Beverages segments. The Food segment produces and sells food products under the Maggi, Cerelac, Nutrend, Nan, Lactogen, and Golden Morn brands. The Beverages segment offers products under the Milo, Chocomilo, Nido, Nescafe, and Nestlé Pure Life brands. FY Revenue 446.82 Billion Naira, UP 27% FY profit 48.97 Billion Naira, UP 22% Final dividend proposed N36.50K More info about the company can e found on their website www.nestle-cwa.com Good luck.
NSENG:NESTLELong
by thesharkke