BULLISH SIGNALS

Undervaluation [compared with sector average]:
Price to Sales
+    Price/Sales of 1.3 [1.5].
Price to Book
+    Price to Book of 1.1 [1.4].
MCap/Total Assets
+    Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.7. Compared with the rest of the market the stock is undervalued.

Uptrend:
Price/Moving Average Price and MACD:
+    The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 60.75 minus the 26-day EMA of 60.72 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 1.0, a bullish indicator. In the past 50 days this ratio has exceeded 1.0, 39 times suggesting further upside. The 50-day EMAP has increased to SAR60.20. An increase is another bullish indicator.
Past Week:
+    Saudi Basic Industries Corp. is placed 107/296 in BuySellSignals' ranking of Saudi Arabian performers in the past week, a percentile ranking of 64.
+    In the past week, volume was 0.6 times average and the shares were up 1.7%. Wednesday's close price is at a 0.7% premium to its 5-day Volume Weighted Average Price (VWAP) of SAR60.55.
Past Month:
+    The present value of SAR1,000 (PV1000) invested one month ago in Saudi Basic Industries is SAR1,012, for a capital gain of SAR12.

PV1000	1-week	1-month
2010.TASI	1,017	1,012
All Share Index (TASI)	1,014	1,017

Relative Strength (6 months):
+    In the Saudi Arabian market of 302 stocks traded today, the stock has a 6-month relative strength of 70 indicating it has outperformed 70% of the market.


BEARISH SIGNALS

Overvaluation [compared with sector average]:
Dividend Yield
+    The relative yield of Saudi Basic Industries, defined by its yield of 2.8%, divided by average yield of dividend yielding stocks in the All Share Index (TASI) of 4.8% is 57.8%. This suggests Saudi Basic Industries stock is overvalued in dividend yield terms.

Downtrend:
Price/Moving Average Price:
+    The Price/MAP of 0.98 for 2010 is lower than the Price/MAP for the All Share Index (TASI) of 1.03.
+    The price to 200-day MAP ratio is 0.98. In the past 200 days this ratio has been under 0.98, 189 times suggesting downside. The 50-day MAP of SAR60.64 is lower than the 200-day MAP of SAR62.40, a bearish indicator. The 200-day MAP has decreased to SAR62.40. A decrease is another bearish indicator.