Sapphire | Blogs

Admin123 : Sid Bhattacharjee
Date : 2021-08-08

Australia Stocks of Interest in Week 32

Australia Stocks of interest in Week 32

The week beginning Monday, the 9th August is Week 32 as per ISO numbering convention of the weeks of a year. This week starts with several stocks in view ASX, GUD, SKI, SWM, SXL, ALL, SOL, GUD, WPP and VOC.

Stock in focus:

Aristocrat Leisure Limited (ALL.AX). BULLISH

Overview:

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The company offers gaming content; and platforms and systems, including electronic gaming machines, digital social games, and casino management systems, as well as social web and mobile gaming services. It also provides cabinets and gaming products. Aristocrat Leisure Limited was incorporated in 1984 and is based in North Ryde, Australia.

Fundamentals:

Volume 846,900
Avg. Volume 1,226,485
Market Cap 26.768B
PE Ratio (TTM) 63.81
EPS (TTM) 0.66
Earnings Date May 23, 2021

Technicals

The technical chart of the stock is shown below. The price is trading near a strong support line and also the candlestick formed at the end of the short downtrend is an inverted hammer.

Current trading price:

As of Friday close, the stock was trading at 41.92, it has 12 months high of 43.59 and low of 27.31. The Stock is trading very close to the higher end of the 12 month’s range.

Analysts’ recommendations:

Out of 14 analysts, 9 rate this stock as buy, 3 rate this as hold.

Please note that analysts often look solely at a company's fundamentals while ignoring market sentiment and momentum, as such these ratings should be treated more for long term view.

Seasonality:

The stock demonstrated strong seasonal move in week 32 of the year, here are some of the details of its seasonal behaviour:

In 9 out of last 10 years in week 32, the stock was bullish with average move up of 6.70% and average move down of 6.46% for an average holding time of 33.10 days;
If 100 stocks of ALL were bought in the beginning of week 32 every year for last 10 years, then a trader would have had a Gross Profit of $750, Gross Loss of $474, making a Total Net Profit of $276;
In those 10 years, the Largest Win was $358, Largest Loss is $474, the Average profit/trade being $28.

Please visit the following URL for more information on various trading applications from Sapphire Capitals which are designed to deliver high probability trading opportunities for swing trading as well as for intraday trading:

Disclaimer:

Sapphire Private Assets (ABN: 34 613 892 023, trading as Sapphire Capitals) is not a broker or a financial adviser but an education and research organisation; we provide training and tools for traders and DIY fund managers for trading in global financial markets. The contents of the blog have been produced by using technical analysis and trading applications developed by Sapphire Capitals for the Stock and ETF traded worldwide. The contents of this blog are intended for education and research purposes only and is not a recommendation or solicitation to invest in any Stock or ETF.

For more details, please visit www.sapphirecapitals.com/Disclaimer.