BOQ – Algo Sell Signal

Bank of Queensland announced 1H19 cash earnings of $167m which is below the downgraded guidance the company provided in February and 8% below the same time last year.

The result continues to highlight the struggles the regional banks have in the current environment.

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An interim dividend of $0.34 was declared, which is a reduction from 2018 levels.

The chart below shows the Algo Engine sell signals in BOQ, starting in early 2018 at $13.00. BOQ now trades sub $9.00 and is likely to continue lower.

 

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