Is This A Good Time To Buy Navin Fluorine?

MarketSmith India Stories

Navin Fluorine Inter stock has cleared a 7-week, 14% deep Cup Without Handle Base this week. Currently, the stock is trading around just 2% away from its ideal buy price of INR 3649. The stock is offering investors an opportunity to get on board at the current price.

The stock closed in the green for the week, the volume remained above average. It was up 8.9% on a 25% higher volume than the 10-week average. It will be interesting to see how the stock behaves in the coming week. You would want to see the price volume momentum pick up in the coming trading sessions.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 10.56% away from the 10-week moving average.

In the last twelve months, Navin Fluorine Inter has rallied nearly 120.9% as compared to 50.3% for the Nifty500. It has a Relative Strength Rating of 70. We definitely would like to see an improvement in the rating. At this point, we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long-term trend of the line is also trending upward. If Navin Fluorine Inter can maintain this outperformance, it could make sense as a CANSLIM trade.

On the earnings front, Navin Fluorine Inter has a respectable EPS Rank of 71, which is okay but needs improvement. The earnings and sales for the stock have grown by 49% and 12%, respectively over the past three years. Its 3-years earnings stability is 37, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 29% and 10%, respectively. The 5-years earnings stability is 35. The return on equity for the last reported year is 17%.

The stock belongs to the industry group of Chemicals-Specialty, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 41. The current price of Navin Fluorine Inter is -1% off from its 52-week high price and 139% above its 52-week low price.

The stock appears on our idealists: Minervini Trend Template

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