Chinese (FXI) Internet company Sina (SINA) has seen its stock fall considerably. The stock has fallen ~36% this month and wiped out its gains in the first four months of this year, bringing its decline to 25.4% year-to-date. Sina stock is currently trading at $40.04, 59% below its 52-week high of $96.71.
In the last three years, Sina has underperformed peers and global indexes. Compounded annually, Sina stock has fallen 7% in the last three years and 1% in the last five years.
Peers’ stock returns
Alibaba (BABA) has returned 25.6% annually in the last three years, and 12% annually since its IPO in September 2014. Chinese peer JD.com (JD) has gained 3.5% annually in the last three years and just 1.4% in the last five years. Sina and JD.com have underperformed global indexes in the last five years.
On May 24, Sina stock closed at $40.04, 33% below its 100-day moving average of $59.68, 32% below its 50-day moving average of $59.07, and 27% below its 20-day moving average of $54.67.
Moving average convergence divergence
Sina’s 14-day MACD (moving average convergence divergence) is -8.06. A stock’s MACD marks the difference between its short- and long-term moving averages. The company’s negative MACD indicates a downward trading trend.
The stock’s 14-day RSI (relative strength index) score of 14.1 indicates that it is trading well into oversold territory. An RSI score above 70 indicates that a stock is overbought, while an RSI score below 30 indicates it is oversold.