Prince Pipes & Fitting
stock is forming a 15-week, 25% deep Consolidation
Base. This is a bullish sign, but it is still very deep in its base. The current price is still 5.0% away from its ideal buy price of INR 794. A prudent approach would be to add the stock to your watch list and perform a detailed analysis on it. This means you can be ready to pounce as the stock breaks out to the ideal entry point.
The current trend of the 10-week moving average is a downtrend. However, if we look at a bigger picture, the long term average (40-week moving average) is in an uptrend. The 10-week moving average is above the trending 40-week moving average. The stock is trading around 5.85 % away from the 10-week moving average.
In the last twelve months, Prince Pipes & Fitting has rallied nearly 228% as compared to 52.5% for the Nifty500. It has a Relative Strength Rating
of 80. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Prince Pipes & Fitting
can maintain this outperformance, it could make sense as a CANSLIM
On the earnings front, Prince Pipes & Fitting has an excellent EPS Rank of 97, which indicates consistency in earnings. The earnings and sales for the stock have grown by 77% and 45%, respectively over the past three years. Its 3-years earnings stability is 39, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 77% and 45%, respectively. The 5-years earnings stability is 39. The return on equity for the last reported year is 24%.
The stock belongs to the industry group of Bldg-Constr Prds/Misc. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 88. The current price of Prince Pipes & Fitting is -9.0% off from its 52-week high price and 280% above its 52-week low price.