Prime Capital Market Adjusts Evaluation Score Amid Mixed Technical Indicators

Prime Capital Market, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bearish stance to a sideways position.
The technical indicators present a mixed picture. The MACD shows bullish momentum on a weekly basis, while the monthly outlook remains mildly bearish. The Relative Strength Index (RSI) indicates no significant signals for both weekly and monthly periods. Additionally, Bollinger Bands and KST present a similar divergence, with weekly indicators leaning bullish and monthly ones mildly bearish.

In terms of market performance, Prime Capital Market's stock has experienced a return of -14.38% over the past year, contrasting with a 3.87% gain in the broader market. The company's return on equity stands at a modest 1.33%, and operating profit growth has been limited to an annual rate of 4.90%. Notably, promoter confidence appears to be waning, as their stake has decreased by 4.9% in the last quarter.

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