SSGC Sui Southern Gas Co Ltd Mid-Term Analysis 26 Dec. 2016

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Sui Southern Gas Co. Ltd.

    Multiutilities (Gas and water)

Price:  35.68

   Change: -0.37    2016-12-23
Open: 36.05 52 Week High: 49.34 Market Capitalization Mln: 31431.10
High: 36.49 52 Week Low: 23.97 Outstanding Shares. Mln: 880.92
Low: 35.36 52 Week Avg.: 33.04 KSE AllShares % Weight-age: 0.34
Close: 35.68 52 Week Max Vol.: 30384500 KSE100 % Weight-age: 0.39
Average: 35.90 52 Week Min Vol.: 460000 KSE30 % Weight-age: 0.59
Volume: 3315000 52 Week Total Vol.: 1464462500 Data Last Updated: 2016-12-23

Rebound Insight

Our Pivot: 30.92

Our Preference:  Buy above 35 and average it out till 33.22 with strict stop loss of 30.92 and profit target at 41.94 with extension towards 44.76.

Alternate Scenario: Downward penetration of 30.92 will call for 26.14.

NOTE: SSGC have dropped by 25.09% in one month while completing its 61.8% correction on weekly chart and right now its getting support from a rising trend line on its retracement level along with a horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover which can push it back towards 41.94.

Recommendations:

Buy above 35 Rs and average it out till 33.22 with strict stop loss of 30.92 and target at 41.94.

Weekly Chart with Supports and Resistances:

SSGC 10
Overview
Quick Snapshot
Free Float

325,056,179

O/S Shares

880,916,400

Market Cap. (m)

0.00

Var Value

12.50

Hair Cut

17.50

Last Price

38.51

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports37.2936.0735.33
Resistances39.2539.9941.21
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.28
3.09
QTD Price Return
0.28
3.09
3M Price Return
-0.27
-2.81
6M Price Return
-0.95
-9.24
9M Price Return
-3.86
-29.26
YTD Price Return
0.05
0.54
1Y Price Return
-3.23
-25.72
3Y Price Return
-10.87
-53.81
5Y Price Return
-29.07
-75.70

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