Tracking Skye bank’s Share Price: 15days After

Proshare

Thursday, July 27, 2016 3.38 PM / Proshare Research 

Analysis of trading pattern on the share price of SKYEBANK in the last 15days reveals active speculative tendency from investors- an indication of weak investors loyalty in the recent times. 

Further analysis on price performance also revealed low risk appetite towards the stock as 15days aggregate price performance closed lower at -27.62% against 10days price performance of -17.89%. Also, the daily average loss as at July 27, 2016 came in stronger at -3.12% against previous daily average loss of -2.97%- this suggests sustained bearish sentiments from the short term investors. 

In addition, extensive analysis revealed a pull-back in price recovery mission while the last five days (i.e. 21th -27th July 2016) were modestly bearish as the stock shed -2.56% of its market value against +30% gain recorded in the previous review. There is a strong indication that the stock would post a significant loss for the trading week.  

Volume analysis revealed a sustained bearish tendency towards the stock as total bearish volume traded stood at 502.98million in the last 15days, representing 4% of its total shares outstanding. 

Conclusively, the share price of SKYEBANK closed as the worst performing among its banking peers in the last 15days as peer analysis had suggested. 

 

Desirous of tracking Skyebank and other stocks performance on your own visit Proshare Markets Here

 

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