jueves, 15 de mayo de 2014

KING King Digital Entertainment Plc. Stock analysis and forecast. Last Price 15.81 (+3,20%) 5-15-2014

KING King Digital Entertainment Plc. Stock analysis and forecast. Last Price 15.81 (+3,20%) 5-15-2014.
Hi Everybody. I would like to analyze King digital today. As you know this recent IPO isn´t evolving like others like twiter. And this is the point. In my opinion the investors are a little bit scared about the behavior of twiter. However those companies are different, you can compare fb and twiter but I think that compare twiter with King could be a mistake.
During the last sesions the stock marked a new low and yesterday bounced with a 16.20 as a day high.
This company has an estimated P/E=7.66 and actually is runing below a 3.5 P/E. This is the 1Q  report:





Let´s see the 30m Chart.

Daily Chart.

Supports and Resistances:
S1:15.22 S2:14.91 R1:16.92 R2:18.35
AVG 200=$18.59
If you see the daily chart,Actually the stock is in the soil of a downtrend channel, and recently marked an historical low. The price is below the IPO price.
The MACD is below zero and below the signal and is begining a recovery. the RSI is at 39%. And the stochastic is in the oversold range.
In my opinion this stock will bounce above the $17.55 in the short-term. Once the stock arrives at this price I recommend to analyze again the stock.
The short-term targets are:
TG1:$17.55 TG2:$17.95 TGext:$19.63
In my opinion this stock is undervaluated so  it could be an oportunity to enter with an interesting price.
And that´s all. Remember to click on some ads in order to maintain this blog, it´s importat for the site and easy for you. Tahnks. :)