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Author: MQTrader Jesse   |   Latest post: Wed, 8 Apr 2020, 5:02 PM

 

MQ Trader Analysis - Green light for VIZIONE (7070)?

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VIZIONE (7070)

Vizione Holdings Bhd is engaged in the business of property development, construction and property investment business. The Construction segment is engaged in sub-contracting of the electrical, building and civil works for the construction projects.

Fundamental Analysis

Figure 1: Quarter revenue of VIZIONE

Figure 2: Quarter profit of VIZIONE

Figure 3: Annual PE of VIZIONE

Based on the fundamental analysis, there is a drastic improvement in VIZIONE’s financial position due to the recent strong quarter results. It is clearly shown by most of the financial ratios especially when VIZIONE recorded more than 12 times jump in net profit for 4Q18. Furthermore, VIZIONE is considered as an undervalued stock, as its PE ratio is 8.44 which is less than 15 at the moment.

Fundamental Rating

In order to be classified as a company with good fundamentals, a stock has to score MQ Fundamental Rating above 2.5/5.0. VIZIONE has low MQ Fundamental Rating because it did not achieve earning growth in at least 4 of the last 5 years. Hence, it is not suitable for long term investment for the time being.

Technical Analysis

According to MQ Trader’s criteria, a stock with MQ Fundamental Rating higher than 3.0/5.0 is considered as a bullish stock. VIZIONE scores MQ Technical Rating of 4.0/5.0 which shows that its price movement is bullish currently.

EMA 5 Crossover Daily Technical Chart

 

EMA 5 Crossover Hourly Technical Chart

 

Multiple breakouts are observed indicating that its share price is going up by breaking the resistance continuously. There are sell signals detected by EMA 5 Crossover for both hourly and daily technical charts on 2 May 2019 and 13 May 2019 respectively. The number of red candle stick is observed to increase in hourly technical chart showing the presence of greater selling pressure at the moment. This happens due to the retracement that commonly occurs after the breakout of share price. The another possible reason might be caused by the poor market sentiment in the stock market arisen from the threats made by President Donald Trump to slap more tariff on Chinese good.

MQ Live Backtesting

To confirm the signal quality, MQ Backtesting is used to determine the success rate of the signal. Based on the MQ Backtesting result, all the latest buy signals released in April 2019 are validated to have below average rating. In short, the probability of sharp increase of share price to happen within 10 trading days is not high.

MQ Trader’s View

According to the analysis above, the main factor that boosts VIZIONE’s share price is contributed by the significant improvement in its financial result for the last few quarters. Swing traders can grab the opportunity by using MQ Trader Trading Strategies in mid-term, as the management is found to acquire the shares actively at the moment. However, the ability of VIZIONE to maintain this positive momentum plays an important role to determine its suitability for long term investment.

Conclusion

In our opinion, we will start looking for opportunities by using MQ Trader Trading Strategies to grab the advantage that is driven by the favorable financial result for the last quarters. At the same time, we will monitor our position until there is selling pressure detected on the technical chart. We should also pay attention to its next quarter financial results and news which is a key factor to affect its share price.

MQ Trader Analysis Tool

To view VIZIONE’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/7070

To view VIZIONE's technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/chart/stk/7070

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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Labels: VIZIONE

Related Stocks

Chart Stock Name Last Change Volume 
VIZIONE 0.43 +0.005 (1.18%) 13,932,500 

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