Ayala Corporation (PSE:AC) is priced at ₱870.5 per share, up by 1.22 percent, as of 03:30 PM GMT+8 on October 22, 2019.
The Total Turnover Value is at ₱320,585,325.00. The foreign traders are the main drivers of AC today.
Foreign investors registered a Net Foreign Buying worth ₱1,343,120.00. They are net sellers year-to-date.
The immediate support is near ₱837.83, while the immediate resistance is near ₱900.00.
My 10SMACD combo is bullish.
AC’s risk level is low due to its historical volatility score of 16.09 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.
Trade-Volume Distribution Analysis
Last Price: 870.5
VWAP: 870.115419
Most Traded: 870.5 – 871
Most Voluminous: 870.5 – 871
The Momentum Power Indicator of AC is bullish because all 4 of 4 elements are bullish. The upward movement of the price is more than likely to continue as of the time of writing this analysis.
True Market Sentiment Analysis
True Market Sentiment on AC as of Oct-22-2019 at 03:30PM, with a last price of 870.500.
True Market Sentiment: BULLISH
8 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 870.1490
Top 10 Players’ Selling Average: 870.0880
Bonus Info:
14 out of 42 participants or 33.33% of all participants registered a 100% BUYING activity
6 out of 42 participants or 14.29% of all participants registered a 100% SELLING activity
The majority of the top 10 brokers are bullish on AC.
As far as my Evergreen Strategy is concerned, it’s a confirmed buy signal if the 10SMACD and the Momentum Power Indicator are both bullish. The opposite is true if the 10SMACD and Momentum Power Indicator are both bearish.
Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.
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Recommendations
Assuming your trailing stop is still intact and you’d like to top up, you have data-driven reasons to top up within the dominant range since the 10SMACD and Momentum Power Indicator are both bullish. Please make sure that you do an upward adjustment on your trailing stop every time the price goes higher. You may use my Trailing Stop Calculator.
If you are planning to enter a new position on this stock, I suggest that you calculate your reward-to-risk ratio first. You can use my Reward-to-Risk Ratio Calculator. If you’re happy with that ratio, then, you can test-buy within the dominant range. Calculate your trailing stop immediately once the stock enters your portfolio.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this allows us to alert of you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
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