20160613-三星证券-Technical_Snippet_Bi-weekly_23页_1mb

Samsung Technical View Summary

Core Content

This document provides a detailed technical analysis of various financial markets and assets, focusing on the disparity between price levels and moving averages, as well as the relative performance compared to relevant indices. It includes evaluations of global equity indices, currencies, commodities, and Korean equity markets by sector and individual stocks.

Main Views

Global Equity Indices

• Technical Scoreboard: The performance of global equity indices is evaluated using a star-based rating system, where ★★★★★ indicates extremely overbought and ★☆☆☆☆ indicates extremely oversold.
  • MSCI AC World: Rated ★★★☆☆ (absolute), indicating it is overbought.
  • US: Rated ★★★☆☆ (absolute), and ★★★★★ (relative to AC World).
  • Eurozone: Rated ★★★☆☆ (absolute), and ★★★★★ (relative to AC World).
  • Japan: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to AC World), with a status of Oversold.
  • Germany: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to AC World), with a status of Oversold.
  • UK: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to AC World).
  • Australia: Rated ★★☆☆☆ (absolute), and ★★☆☆☆ (relative to AC World).
  • EM: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to AC World).
  • Korea: Rated ★★☆☆☆ (absolute), and ★★★★☆ (relative to AC World), with a status of Overbought.
  • China: Rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to AC World).
  • Taiwan: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to AC World).
  • India: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to AC World).
  • Brazil: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to AC World), with a status of Overbought.
  • Russia: Rated ★★★★★ (absolute), and ★★★★★ (relative to AC World).

Global Currencies

• Technical Scoreboard: Evaluates the performance of global currencies using a star-based rating system.
  • EM Currencies: Rated ★★☆☆☆ (absolute), with a status of Overbought.
  • USD/KRW: Rated ★★★★★ (absolute), with no status.
  • USD/JPY: Rated ★☆☆☆☆ (absolute), with a status of Extremely oversold.
  • USD/EUR: Rated ★★★★★ (absolute), with no status.

Global Commodities vs CRB Index

• Technical Scoreboard: Compares the performance of global commodities to the CRB Index.
  • CRB Index: Rated ★★★☆☆ (absolute), and is Overbought.
  • Metals: Rated ★★☆☆☆ (absolute), and ★★☆☆☆ (relative to CRB Index), with a status of Overbought.
  • Foodstuffs: Rated ★★★☆☆ (absolute), and ★★★★☆ (relative to CRB Index), with a status of Overbought.
  • Livestock: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to CRB Index), with a status of Overbought.
  • Textiles: Rated ★★★★★ (absolute), and ★★★☆☆ (relative to CRB Index), with no status.
  • Raw Industrials: Rated ★★★☆☆ (absolute), and ★★☆☆☆ (relative to CRB Index), with a status of Overbought.
  • Fats & Oils: Rated ★★★★★ (absolute), and ★★★★★ (relative to CRB Index), with a status of Overbought.
  • WTI: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to CRB Index), with a status of Extremely overbought.
  • Gold: Rated ★★★☆☆ (absolute), and ★★★★★ (relative to CRB Index), with a status of Overbought.

Korea Equity by Sector

• Technical Scoreboard: Analyzes Korean equities by sector, comparing their performance to MSCI Korea.
  • Energy: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with a status of Overbought.
  • Materials:
    • Chemicals: Rated ★★★★☆ (absolute), and ★★★★☆ (relative to MSCI Korea), with no status.
    • Metals & Steel: Rated ★★☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with no status.
    • Korea Zinc: Rated ★★★★★ (absolute), and ★★★★☆ (relative to MSCI Korea), with no status.
  • Industrials:
    • Korea Aerospace Industries: Rated ★★★★☆ (absolute), and ★★★★☆ (relative to MSCI Korea), with no status.
    • Hyundai Heavy Industries: Rated ★★☆☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with a status of Overbought.
    • Hyundai Development Co and Hyundai Glovis: Both rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with a status of Oversold.
  • Consumer Discretionary:
    • Hyundai Motor: Rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with a status of Oversold.
    • Hyundai Mobis: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with no status.
    • Kia Motors: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with no status.
    • CJ CGV: Rated ★★★★☆ (absolute), and ★★★★☆ (relative to MSCI Korea), with no status.
    • YG Entertainment: Rated ★★☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with no status.
    • GS Home Shopping: Rated ★★☆☆☆ (absolute), and ★★☆☆☆ (relative to MSCI Korea), with no status.
    • Shinsegae: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with no status.
    • Paradise: Rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with a status of Oversold.
  • Consumer Staples:
    • KT&G: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with a status of Extremely overbought.
    • AmoreG: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with a status of Oversold.
  • Financials:
    • KB Financial Group: Rated ★★☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with no status.
    • Samsung Fire & Marine: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with a status of Extremely oversold.
    • Shinhan Financial Group: Rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with a status of Oversold.
    • Mirae Asset Securities: Rated ★★☆☆☆ (absolute), and ★★☆☆☆ (relative to MSCI Korea), with no status.
  • IT:
    • Samsung Electronics: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with no status.
    • SK Materials: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with no status.
    • Soulbrain: Rated ★★★★★ (absolute), and ★★★★★ (relative to MSCI Korea), with a status of Extremely overbought.
    • Naver: Rated ★★★☆☆ (absolute), and ★★★☆☆ (relative to MSCI Korea), with no status.
  • Telecom: SK Telecom is rated ★☆☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with a status of Oversold.
  • Utilities: Kogas is rated ★★☆☆☆ (absolute), and ★☆☆☆☆ (relative to MSCI Korea), with no status.

Key Information

• Disparity from Moving Average: The disparity from the 200-day and 400-day moving averages is used to assess the overbought or oversold status of assets.
  • Extremely oversold: Price is below both 200MA and 400MA.
  • Oversold: Price is between 400MA and 200MA.
  • Neutral: Price is between 200MA and 400MA.
  • Overbought: Price is between 200MA and 400MA.
  • Extremely overbought: Price is above both 200MA and 400MA.
• Status Definitions:
  • Extremely oversold: Price is significantly below the moving averages.
  • Oversold: Price is slightly below the moving averages.
  • Neutral: Price is within the moving averages.
  • Overbought: Price is slightly above the moving averages.
  • Extremely overbought: Price is significantly above the moving averages.

Summary

The document presents a comprehensive technical analysis of global and Korean financial markets, evaluating their performance relative to moving averages and relevant indices. It highlights key assets that are overbought or oversold, providing insights for potential investment decisions. The ratings and statuses are based on the disparity between current prices and moving averages, offering a clear framework for assessing market conditions.