STAN:LSEStandard Chartered PLC analysis

Standard Chartered PLC is priced at £2,297.00 and its moving averages line up in bullish order, the shorter sitting above the longer. Over a rolling month the price has gained 3.3%. Momentum indicators put RSI at 56.0 (neutral) with MACD reading bearish. The recent range runs from support at £2,126.00 up to resistance at £2,345.00.
The shares look fair, trading on 14.4 times earnings in line with a sector average of 15.5. Consensus targets land 4.0% above where the shares trade now. Revenue is growing at 2.7% on a 26.0% profit margin. The 2.28% dividend yield looks covered by current payout levels.
The composite risk read is 3/10, putting it in low territory. With 30-day volatility of 23.0%, a beta of 0.50 and a maximum drawdown of 20.4%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 93 on the fear-greed composite.
This one splits by horizon — buy in the near term, hold further out, at 4/10 long-term conviction.