CAP Plc Sentiment Analysis Report W/E April 27, 2012
Sunday, April 29, 2012/ Proshare Research
CAP Plcexperienced bearish sentiments in the week to close with -11.3% decline as against +15.7% gain recorded in the previous week, indicating short term price correction as investors booked profits in the week.
Noticeably, a consistent distribution trend in the week intensified by continued outflow of cash in the stock was displayed by Cash flow index while the position of MACD confirmed the profit taking tendency witnessed in the week.
However, waning sell tendency was observed in the last two sessions as exposed in the volume trend structured by two flat price positions witnessed in the last two sessions. On the other hand, the stock remained bullish in both short and mid-long term as revealed by price moving average.
Technical conclusion on sentiments: the emerging sentiments looks positive as sell momentum waned while the stock retained its bullish mode in both short and mid long term period.The chart below shows MACD, candlestick, RSI and volume analysis.
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