Among stocks whose 5-day and 25-day moving averages formed a golden cross, 23 companies with PBR below the Prime Market average were selected. Future trends will depend on analysis of individual stocks.
As the Nikkei Average edged lower on the 15th, stocks on the Prime Market whose 5-day and 25-day moving averages had formed a golden cross were screened.
Of the screened stocks, 23 companies with PBR below the Prime Market average of 1.72x were selected and judged to have contrarian downside potential.
The selected stocks have low PBRs and are considered potentially less exposed to downside risk. They are presented as buying candidates for consideration alongside other indicators.
The stocks had PBRs ranging from 0.69 to 1.69, and the list includes each company's name, PBR and PER.