Afternoon Alert: Commonwealth Bank of Australia decreases 2.0% on firm volume Wednesday November 13, 2019 16:00:00 AEST


Commonwealth Bank of Australia (ASX:CBA) traded on heavy volume of 1.1 times average so far today while the price decreased $A1.59 (or 2.0%) to trade at $A79.24.

SECTION 1: Technical indicators

Bearish:
The negative 0.06 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are falling - another bearish signal. In the past week, the stock's MACD has been negative every day, a reinforcing bearish signal.

Fundamental measures by comparison with the sector average [in brackets] indicate:
Parity:
Return on Equity 12.0% [11.4%]
Return on Assets 0.9% [0.8%]
Undervaluation:
Return on Capital Employed 40.5% [5.0%]
Overvaluation:
Price/Earnings of 16.7 [13.6]
Price to Book of 2.3 [1.8]
Dividend yield of 5.4% [7.4%]

Note
The stock has outperformed 60% of the Australian market over the past 6 months.
Bullish:
The 4.1% discount to 12-month high of $A82.64 against the 24.2% premium to 12-month low of $A63.80 suggests the stock continues to push for new highs.
In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
The price increased 1.6% in the last week and 0.2% in the last month.
The present value of AUD1,000 invested one year ago is $A1,254 [vs $A1,149 for the All Ordinaries Index], including a capital gain of $A183 and dividend reinvested of $A71. The total return to shareholders for 1 year is 25.4%.

SECTION 2: Ranking

DescriptionValueRank In Market
MCap $US billion96.1In Top 1%
52-week Range (in $A)63.8-82.6 
1-month Range (in $A)76.7-81.0 


Commonwealth Bank of Australia (AU:CBA; ASX:CBA; AX:CBA)
ISIN: AU000000CBA7
PermID: 4295856152

Source: www.BuySellSignals.com