What’s happening at Sasol Limited (Other OTC:SASOF)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 66.67% (or 1.60 points) to $4.00 from its previous close of $2.40. So is it the right moment to buy?
The shares had an increased trading volume of 22,542 contracts this session compared to the average daily volume of last 10 days of 5,866 contracts and they had an increased trading volume compared to the average daily volume of last 3 months of 3,679 contracts.
The indicator of a company’s profitability, the earnings per share ratio is -. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits.
The closing market price for this trading session was 222.58% over 52 weeks minimum price of $1.24 and 88.01% under 52 weeks maximum price of $33.37. Also the price is -76.87% less than 200 day average of $17.29 and -53.28% less than 50 day average of $8.56.
Looking at the trading signals for Sasol Limited over last 6 months of daily time series of prices, the two-week relative strength index (RSI), a momentum indicator that measures the size of recent changes of price to evaluate overbought or oversold conditions, stands at 22.78. According to standard usage, it’s value less than 30 indicates that SASOF is becoming oversold or undervalued and may be preparing for a trend reversal or corrective pushback in price. The stochastic oscillator reading, another momentum indicator of overbought and oversold conditions, stands at 78.91. According to standard usage, it’s value between 20 and 80 suggests that shares are stable in terms of price movement. But let’s keep in mind that even stochastic readings very close to thresholds are not indicative of imminent reversal. In fact very strong trends can maintain overbought or oversold conditions for an extended period, but changes in the stochastic oscillator might suggest future trend shifts.
Another important signal comes from the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator. It helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. Traders keep constatly an eye on the move of the MACD above or below the zero line due to the fact that the reading is an indicator of the position of the 12-period Exponential Moving Average (EMA) relative to the 26-period EMA. It currently stands at -2.73. The MACD is below the zero line, which means that the short-term average value of SASOF is below that of the long-term average, thus implying a downward momentum. Besides, its signal, given by nine-day EMA of the MACD, stands at -3.35. According to standard usage, this is a bullish signal, which suggests that the price of SASOF asset is likely to experience upward momentum.
Latest news that might have contributed to the great perfomance of SASOF today are:
- MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sasol Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm, published on Mon, 06 Apr 2020 16:41:00 +0000
- SASOL LIMITED 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Sasol Limited – SSL, published on Mon, 06 Apr 2020 02:50:00 +0000
- SSL FINAL DEADLINE – Sasol Limited – Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders With Losses Exceeding $100K of Class Action and Lead Deadline: April 6, 2020, published on Sun, 05 Apr 2020 15:00:00 +0000