Daily Analysis:23 January, 2009 (15:00:00 AEST)Lynas Corporation...

Daily Analysis:

23 January, 2009 (15:00:00 AEST)
Lynas Corporation slides 3.4% on weak volume, weekly fall of 13.1% January 23, 2009 15:00:00 AEST

Slid 1.0c (or 3.4%) to 27.0c. Compared with the All Ordinaries index which fell 118.2 points (or 3.4%) on the day, this represented a relative price change of -1.9%. The volume was 0.6 times average trading of 2,441,870 shares.

PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday high of 29.0c and a 17-day low of 26.0c.
Moving Average Price (MAP): The price to 200-day MAP ratio is 0.31, a bearish indicator. In the past 200 days this ratio has been under 0.31 25 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of 31.71c is lower than the 200-day MAP of 86.28c, a bearish indicator. The 200-day MAP has decreased to 86.28c. A decrease is another bearish indicator. In the last three months the number of falls outnumbered rises 33:24 or 1.38:1.
Relativities: Today its percentile rank in the Australian market was 22. In the Australian market of 1,790 stocks, the stock has a 6-month relative strength of 12 indicating it is trailing 88.0% of the market.
Volume: There were 1,452,962 shares worth $394,786 traded.
Volume Weighted Price (VWP): The price is at a discount of 6.0% to the 1-month volume weighted average price of 28.20c, which may appeal as a value proposition.
Beta is 2.8.


PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 5 indices and 5 sectors.
The following index and sectors fell setting the trend for its fall of 5.4% (rank by percentage price change of stock for 1 day;6 months in sector/index in brackets):
Diversified Metals & Mining sector (rank 63;72 out of 119) which was down 231.5 points or 4.4% to 5,020.7,
All Ordinaries index (rank 352;381 out of 455) which was down 118.2 points or 3.4% to 3,313.7,
Total Australian Market (rank 800;911 out of 1790) which was down 112.1 points or 2.7% to 4,021.8

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS
Bearish Signals:
- Return on Equity of -9.7% versus sector average of 43.7 and market average of 22.8.
- Return on Assets of -6.2% versus sector average of 20.6 and market average of 8.8.

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bearish Signals:
- The price crashed 13.1% in the last week.
- Compared with the All Ordinaries index which fell 5.2% for the week, this represented a relative price decrease of 7.9% for the week.
- In the Australian market of 1,790 stocks, the stock has a 6-month relative strength of 12 indicating it is trailing 88.0% of the market.
- The stock is trading below both its MAPs and the 50-day MAP of 31.71c is lower than the 200-day MAP of 86.28c.
- The 200-day MAP has decreased to 86.28c.
- In the last three months the stock has hit a new 52-week low five times, pointing to a downtrend.