Watch Out For These Stocks As They Are Showing Signs of Weakness
October 29 2021 | Reading Time: 5 Minutes
Vaibhav Global Stock
has had a huge run in the last one year. It is up more than 91.1% from a year ago as compared to 53.4% for the Nifty500.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Vaibhav Global has an excellent EPS Rank of 96, which indicates consistency in earnings. The earnings and sales for the stock have grown by 36% and 18%, respectively over the past three years. Its 3-years earnings stability is 4, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 43% and 14%, respectively. The 5-years earnings stability is 8. The return on equity for the last reported year is 32%.
Vaibhav Global stock fell -17.0% this week, undercutting its 40-week moving average. It closed -24.0% below the 40-week moving average. However, the volume for the week remained below its 10-week average.
Vaibhav Global has a strong earnings profile with other positives. Also, the long term trend in the monthly chart is still in uptrend. For a long term leader, the 40-week moving average could certainly act as a support level and it could set up a new base around the line. But keep in mind that such base building may take months, even years. At this point, based on your profit cushion, you can either take at least partial profits or watch carefully for signs of further weakness. You can also use the 24-months simple moving average and the long term trend of the RS Line as an ultimate support for a long term leader.
Alkyl Amines Chemicals
Alkyl Amines Chemicals has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 96. The stock is up 196.4% from a year ago as compared to 53.4% for the Nifty500.
Most recently, the stock broke out of a 6-week, 13% deep Cup With Handle Base 10 weeks ago. However, the stock failed to make meaningful progress.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
This week, Alkyl Amines Chemicals stock sliced through the 10-week moving average line. The stock closed -3.0 down on 46 % lower volume than 10-week average. The current price is -9.0% below the 10-week moving average.
The long term support line, 40-week moving average, is still in uptrend. The stock is trading around 9.0% above the 40-week moving average.
A closing below the 10-week moving average on heavy volume should be considered as a weakness in a stock, at least for the short to intermediate term. At this point, you should step back and look at your profit cushion on the position. If you do not have enough profit, from a risk management standpoint, you may want to cut the position. If you have enough profit, you can take at least partial profits.
Bharat Petroleum Stock
Bharat Petroleum has been a laggard stock for the last one year. It has had a 5.9% move as compared to 53.4% for the Nifty500.
On the earnings front, Bharat Petroleum has a respectable EPS Rank of 70, which is okay but needs improvement. Over the past five years, the earnings and sales for the stock have grown by 5% and 6%, respectively. The 5-years earnings stability is 53. The return on equity for the last reported year is 36%.
The stock sliced through the 40-week moving average line this week. The stock is down -5.0% on 25% lower volume than 10-week average. It closed 4.0% above the 40-week moving average.
When a stock closes below its 40-week moving average, it may take months, even years to stage a recovery. So, a closing below the line should be considered as a weakness in a stock, at least for the intermediate term. If it is a long term leader, we manage it differently. At this point, Bharat Petroleum does not meet our long term leader’s trend criteria. If you do not have enough profit on the position, from a risk management standpoint, you may want to cut the position. If you are sitting on a profit, this is a time to take at least partial profit.
Nmdc Ltd. Stock
Nmdc Ltd. has had a huge run in the last one year. It is up more than 69.6% from a year ago as compared to 53.4% for the Nifty500.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Nmdc Ltd. has an excellent EPS Rank of 99, which indicates consistency in earnings. The earnings and sales for the stock have grown by 13% and 19%, respectively over the past three years. Its 3-years earnings stability is 32, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 19% and 11%, respectively. The 5-years earnings stability is 26. The return on equity for the last reported year is 22%.
Nmdc Ltd. stock fell -0.3% this week, undercutting its 40-week moving average. It closed -7.0% below the 40-week moving average. However, the volume for the week remained below its 10-week average.
The large-cap stocks often take support near its 40-week moving average and set up a new base around the line for future move. But such base building may take months, even years. If it is a long term leader, we definitely can give it more room and time to stage a recovery. But, that’s not the case here. Nmdc Ltd. does not meet our long term leader’s trend criteria yet. At this point, we would consider this week’s close as a weakness in the stock.
has had a huge run in the last one year. It is up more than 91.1% from a year ago as compared to 53.4% for the Nifty500.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Vaibhav Global has an excellent EPS Rank of 96, which indicates consistency in earnings. The earnings and sales for the stock have grown by 36% and 18%, respectively over the past three years. Its 3-years earnings stability is 4, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 43% and 14%, respectively. The 5-years earnings stability is 8. The return on equity for the last reported year is 32%.
Vaibhav Global stock fell -17.0% this week, undercutting its 40-week moving average. It closed -24.0% below the 40-week moving average. However, the volume for the week remained below its 10-week average.
Vaibhav Global has a strong earnings profile with other positives. Also, the long term trend in the monthly chart is still in uptrend. For a long term leader, the 40-week moving average could certainly act as a support level and it could set up a new base around the line. But keep in mind that such base building may take months, even years. At this point, based on your profit cushion, you can either take at least partial profits or watch carefully for signs of further weakness. You can also use the 24-months simple moving average and the long term trend of the RS Line as an ultimate support for a long term leader.
Alkyl Amines Chemicals
Alkyl Amines Chemicals has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 96. The stock is up 196.4% from a year ago as compared to 53.4% for the Nifty500.
Most recently, the stock broke out of a 6-week, 13% deep Cup With Handle Base 10 weeks ago. However, the stock failed to make meaningful progress.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
This week, Alkyl Amines Chemicals stock sliced through the 10-week moving average line. The stock closed -3.0 down on 46 % lower volume than 10-week average. The current price is -9.0% below the 10-week moving average.
The long term support line, 40-week moving average, is still in uptrend. The stock is trading around 9.0% above the 40-week moving average.
A closing below the 10-week moving average on heavy volume should be considered as a weakness in a stock, at least for the short to intermediate term. At this point, you should step back and look at your profit cushion on the position. If you do not have enough profit, from a risk management standpoint, you may want to cut the position. If you have enough profit, you can take at least partial profits.
Bharat Petroleum Stock
Bharat Petroleum has been a laggard stock for the last one year. It has had a 5.9% move as compared to 53.4% for the Nifty500.
On the earnings front, Bharat Petroleum has a respectable EPS Rank of 70, which is okay but needs improvement. Over the past five years, the earnings and sales for the stock have grown by 5% and 6%, respectively. The 5-years earnings stability is 53. The return on equity for the last reported year is 36%.
The stock sliced through the 40-week moving average line this week. The stock is down -5.0% on 25% lower volume than 10-week average. It closed 4.0% above the 40-week moving average.
When a stock closes below its 40-week moving average, it may take months, even years to stage a recovery. So, a closing below the line should be considered as a weakness in a stock, at least for the intermediate term. If it is a long term leader, we manage it differently. At this point, Bharat Petroleum does not meet our long term leader’s trend criteria. If you do not have enough profit on the position, from a risk management standpoint, you may want to cut the position. If you are sitting on a profit, this is a time to take at least partial profit.
Nmdc Ltd. Stock
Nmdc Ltd. has had a huge run in the last one year. It is up more than 69.6% from a year ago as compared to 53.4% for the Nifty500.
The stock definitely has strong institutional support. It has seen huge institutional accumulation in the most recent quarters. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Nmdc Ltd. has an excellent EPS Rank of 99, which indicates consistency in earnings. The earnings and sales for the stock have grown by 13% and 19%, respectively over the past three years. Its 3-years earnings stability is 32, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 19% and 11%, respectively. The 5-years earnings stability is 26. The return on equity for the last reported year is 22%.
Nmdc Ltd. stock fell -0.3% this week, undercutting its 40-week moving average. It closed -7.0% below the 40-week moving average. However, the volume for the week remained below its 10-week average.
The large-cap stocks often take support near its 40-week moving average and set up a new base around the line for future move. But such base building may take months, even years. If it is a long term leader, we definitely can give it more room and time to stage a recovery. But, that’s not the case here. Nmdc Ltd. does not meet our long term leader’s trend criteria yet. At this point, we would consider this week’s close as a weakness in the stock.
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