Robinsons Land Corporation (PSE:RLC) is priced at ₱26.45 per share as of 03:30 PM GMT+8 on November 14, 2019. It is up by 2.52 percent.
The Total Turnover Value is at ₱32,414,380.00. The local traders are the main drivers of RLC today.
Foreign investors registered a Net Foreign Selling worth ₱9,421,630.00. They are net buyers year-to-date.
The immediate support is near ₱23.90, while the immediate resistance is near ₱28.10.
My 10SMACD combo is bearish.
RLC’s risk level is low due to its historical volatility score of 38.1 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 26.45
VWAP: ₱26.01893
Dominant Range: ₱25.5 – ₱25.75
The Momentum Power Indicator of RLC is bullish because all 4 of 4 elements are bullish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on RLC as of Nov-14-2019 at 03:30PM, with a last price of ₱26.450
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱25.8032
Top 10 Players’ Selling Average: ₱26.0122
Bonus Info:
3 out of 25 participants or 12.00% of all participants registered a 100% BUYING activity
6 out of 25 participants or 24.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on RLC from Nov-11-2019 to Nov-14-2019 at 03:30PM, with a last price of ₱26.450
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱25.8945
Top 10 Players’ Selling Average: ₱26.0794
Bonus Info:
7 out of 36 participants or 19.44% of all participants registered a 100% BUYING activity
3 out of 36 participants or 8.33% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on RLC from Nov-04-2019 to Nov-14-2019 at 03:30PM, with a last price of ₱26.450
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱26.2948
Top 10 Players’ Selling Average: ₱26.2630
Bonus Info:
1 out of 50 participants or 2.00% of all participants registered a 100% BUYING activity
15 out of 50 participants or 30.00% of all participants registered a 100% SELLING activity
Recommendations
Despite having a bullish signal on our Momentum Power Indicator, our overall Evergreen Strategy does have a buy signal yet since the 10SMACD is bearish. Also, the daily, weekly, and monthly True Market Sentiment charts show that the majority of RLC’s top 10 brokers are still unloading their positions.
If your trailing stop is still intact, I recommend that you hold your position and respect your trailing stop. There are no signals to top up at this point.
If you’re planning to enter a new position, I recommend that you postpone that plan for now and wait for the 10SMACD and Momentum Power Indicator to become bullish again. Compute the reward-to-risk ratio once both indicators are both bullish. If you’re satisfied with the reward-to-risk ratio, that’s when you should position within the dominant range for a test-buy.
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