As the Nikkei 225 continued to decline, 47 stocks were selected from among those trading below their 25-day moving averages and considered to have room to rise based on PBRs below 1.0x. This is the 2 November edition of the feature, narrowed down using technical indicators and shareholders’ equity-based metrics.
Against the backdrop of the Nikkei 225’s decline, this feature identifies stocks considered to have room to rise by combining the technical indicator of deviation from the 25-day moving average and the shareholders’ equity-based PBR. Given the large number of stocks trading more than 10% below their moving averages, 47 stocks meeting the criteria were selected.
The selection criteria were a negative deviation from the 25-day moving average of at least 10% and a PBR of 1.0x or lower. The article lists the eligible stocks among those listed on the Prime Market, along with each stock’s deviation rate, PBR and PER. Examples include WSCOPE, 合同鉄, 東電HD, 島精機 and レノバ.
The 47 stocks include those with substantially negative deviation rates, while their PBRs were reported in the range of 0.16x to 0.89x. The table presents each stock name alongside its respective indicators, providing information to help assess future developments.