BULLISH SIGNALS

Undervaluation [compared with sector average]:
Price/Earnings
+    Price/Earnings of 3.2. The P/E of 3.2 plus annual inflation in the Russia of 4.4% adds up to 7.6, well within the value benchmark Rule of 19.
Price to Book
+    Price to Book of 0.4 [0.7]. We estimate Gazprom stock is trading at a current year Price to Book of 0.3 and a forward year Price to Book of 0.3.
+    The P/E of 3.2 multiplied by the P/NTA of 0.4 is 1.1. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
Price to EBITDA
+    Price to EBITDA of 2.7 [3.5].
MCap/Total Assets
+    Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.2. Compared with the rest of the market the stock is undervalued.
Brand Value/Enterprise Value
+    Brandirectory have estimated Gazprom's brand value at RUB630.4 billion ($8.3 billion). The Brand Value represents 6.8% of the estimated Enterprise Value of RUB9,267.6 billion ($122.2 billion). Enterprise Value is defined as MCap of RUB4,927.6 billion plus net debt of RUB4,340 billion.

Undervaluation Indicators and rank of Gazprom in the Russian market:

Description	Value	Rank In Market
P/E * P/NTA	1.14	In Top 5%
Price/Earnings	3.2	In Top 17%

Uptrend:
Price/Moving Average Price and MACD:
+    The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 201.86 minus the 26-day EMA of 193.66 is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
+    The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 just thrice suggesting a resistance level.The 50-day EMAP has increased to RUB186.69. An increase is another bullish indicator.
+    The price to 200-day MAP ratio is 1.09, a bullish indicator. In the past 200 days this ratio has exceeded 1.09 just twice suggesting a resistance level.The stock is trading above both its MAPs of RUB191.98 for the 200-day MAP and RUB184.79 for the 50-day MAP, a bullish indicator. The 200-day MAP has increased to RUB191.98. An increase is another bullish indicator.
Past Week:
+    Gazprom PJSC is placed 14/201 in BuySellSignals' ranking of Russian performers in the past week, a percentile ranking of 93.
+    In the past week, volume was 3.1 times average and the shares were up 3.7%.
+    The stock posted rises of more than 2.5% on 2 out of 5 days in the past week of trading. The top rise was 4%.
Past Month:
+    The price soared 13.7% in the past month. The rise has been propped up by robust volume of 1.9 times average for the month.
+    Compared with the MOEX Russia Index which rose 6.7% for the month, this represented a relative price increase for Gazprom's stock of 7.0% for the month.
+    Rises to Falls: in the past month the number of rises outnumbered falls 14:9 or 1.6:1.
+    The present value of RUB1,000 (PV1000) invested one month ago in Gazprom is RUB1,137, for a capital gain of RUB137.

PV1000	1-week	1-month
GAZP.MICEX	1,037	1,137
MOEX Russia Index	995	1,020

High Price Performance Indicators and rank of Gazprom in the Russian market:

Description	GAZP Value	Rank In Market
Today's Trading Turnover	RUB22.9 billion ($302.3 million)	In Top 2%
MCap	RUB4,927.6 billion	In Top 2%
Price/MAP50	1.13	In Top 10%

BEARISH SIGNALS

Overvaluation Indicator and rank of Gazprom in the Russian market:

Description	Value	Rank In Market
* EV/EBITDA	5.0	In Bottom 23%

* Enterprise value of RUB9,267.6 billion is divided by Earnings before interest tax depreciation and amortization of RUB1,852.6 billion.

Downtrend:
Price/Moving Average Price:
+    The Price/MAP of 1.09 for GAZP is lower than the Price/MAP for the MOEX Russia Index of 1.12.
Relative Strength (6 months):
+    In the Russian market of 159 stocks traded today, the stock has a 6-month relative strength of 52 which means it has outperformed 52% of the market.

Low Price Performance Indicator and rank of Gazprom in the Russian market:

Description	GAZP Value	Rank In Market
Volatility %	5.8	In Bottom 22%

Overbought/Bearish Signals:
+    The Stochastic indicator of 86.0 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.