International Breweries Plc Sentiment Analysis Report W/E 230312
Monday, March 26, 2012/ Proshare Research
INTBREWexperienced bearish sentiments in the week to record -9.8% loss as against a no price movement experienced in the previous month.
The emerging sentiments towards the stock appeared bearish buttressed by MACD while the moving average closed neutral for both short and long term period.
However, the trend has slight possibility to reverse in short term as the price closed below lower Bollinger band, moving closer to oversold region as revealed by RSI.
The volume trend is bearish and closed below 15days moving average significantly while money flow index closed southward suggesting outflow of funds from the stock.
Technical conclusion on sentiments: The sentiment towards the stock is bearish and likely to continue for few sessions. However, there is slight possibility of reversal as the stock is very close to oversold region. The chart below shows MACD, candlestick, RSI and volume.
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