PRL Pakistan Refinery Limited Short-Term Analysis 30th May 2017

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Pakistan Refinery Ltd.

    Oil and Gas

Price:  67.31

   Change: -0.79    2017-05-29
Open: 68.10 52 Week High: 82.20 Market Capitalization Mln: 19789.14
High: 68.48 52 Week Low: 39.02 Outstanding Shares. Mln: 294.00
Low: 66.80 52 Week Avg.: 50.12 KSE AllShares % Weight-age: 0.19
Close: 67.31 52 Week Max Vol.: 12292500 KSE100 % Weight-age: Not Listed
Average: 67.67 52 Week Min Vol.: 0 KSE30 % Weight-age: Not Listed
Volume: 468500 52 Week Total Vol.: 507151500 Data Last Updated: 2017-05-29

Rebound Insight

Our Pivot: 65

Our Preference: Start buying PRL above 67.05 and add averages till 66.70 with strict stop loss of 65 and profit target at 70.30 with extension towards 71.50.

Alternate Scenario:  Downward penetration of 65 will call for 62.

NOTE: PRL is getting support from a horizontal supportive region at its double bottom. Daily Stochastic is ready for a bullish crossover which can push index in positive zone.

Recommendations: 

Buy above 67.05 and average it out till 66.70 with target at 70.30 and 71.50

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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