PRL Pakistan Refinery Limited Mid-Term Analysis 10 April 2017

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Pakistan Refinery Ltd.

    Oil and Gas

Price:  73.12

   Change: 0.87    2017-04-07
Open: 72.25 52 Week High: 82.20 Market Capitalization Mln: 21497.28
High: 73.99 52 Week Low: 39.02 Outstanding Shares. Mln: 294.00
Low: 70.01 52 Week Avg.: 46.53 KSE AllShares % Weight-age: 0.23
Close: 73.12 52 Week Max Vol.: 12292500 KSE100 % Weight-age: Not Listed
Average: 72.34 52 Week Min Vol.: 0 KSE30 % Weight-age: Not Listed
Volume: 2766500 52 Week Total Vol.: 509273000 Free Float: 88.20

Rebound Insight

Our Pivot: 66

Our Preference: Start buying PRL above 72 and add averages till 69.89 with strict stop loss of 66 and profit target at 84 with extension towards 92.

Alternate Scenario:  Downward penetration of 66 will call for 54.

NOTE: PRL have completed its daily 50% correction and right now its getting support from a horizontal supportive region. Daily Stochastic is ready for a bullish crossover which will push it in upward direction.

Recommendations: 

Buy above 72 and average it out till 69.89 with target at 84 and 92

Weekly Chart with Supports and Resistances:

PRL 7
Overview
Quick Snapshot
Free Float

78,750,000

O/S Shares

294,000,000

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

33.48

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports33.2032.9332.66
Resistances33.7434.0134.28
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
2.39
19.24
QTD Price Return
2.39
19.24
3M Price Return
-0.12
-0.80
6M Price Return
-1.59
-9.70
9M Price Return
-9.44
-38.93
YTD Price Return
0.62
4.37
1Y Price Return
-9.04
-37.90
3Y Price Return
-0.08
-0.54
5Y Price Return
-31.08
-67.73


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