Bank of the Philippine Islands (PSE:BPI) is priced at ₱85.95 per share as of 03:30 PM GMT+8 on November 29, 2019. It is down by 2.33 percent.
The Total Turnover Value is at ₱228,536,550.00. The foreign traders are the main drivers of BPI today.
Foreign investors registered a Net Foreign Selling worth ₱99,298,099.00. They are net sellers year-to-date.
The immediate support is near ₱78.16, while the immediate resistance is near ₱86.60 as a precursor to ₱94.48.
My 10SMACD combo is bearish.
BPI’s risk level is low due to its historical volatility score of 26.89 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 85.95
VWAP: ₱86.50855
Dominant Range: ₱85.95 – ₱86.6
The Momentum Power Indicator of BPI is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on BPI as of Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱86.4571
Top 10 Players’ Selling Average: ₱86.7564
Bonus Info:
33 out of 58 participants or 56.90% of all participants registered a 100% BUYING activity
4 out of 58 participants or 6.90% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on BPI from Nov-25-2019 to Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
3 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱88.0659
Top 10 Players’ Selling Average: ₱87.7585
Bonus Info:
39 out of 87 participants or 44.83% of all participants registered a 100% BUYING activity
0 out of 87 participants or 0.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on BPI from Nov-04-2019 to Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
3 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱92.5035
Top 10 Players’ Selling Average: ₱91.8254
Bonus Info:
15 out of 98 participants or 15.31% of all participants registered a 100% BUYING activity
5 out of 98 participants or 5.10% of all participants registered a 100% SELLING activity
Recommendations
Do you have BPI in your portfolio already?
BPI just broke below its previous support at ₱78.16, which is now acting as its immediate resistance. The bearish momentum intensifies based on my reading on the DMI chart. There’s zero formation of a bullish convergence between the +DMI and -DMI. ADX is strong on the downside at 30; therefore, we might not see the price reversing upward any time soon. There’s zero formation of a bullish convergence between the MACD and signal lines, too. Foreign investors have been on a daily Net Foreign Selling status for 10 consecutive trading days. If you think that’s a sign of recovery, you need to see your eye doctor immediately.
Since BPI hit ₱100.50 last October 25, 2019, it has gone down the hill. If you got a 10 percent maximum percentage of risk tolerance for your trailing stop, you should have already exited last week. Based on my analysis, you’re better off not having a position on BPI for now. Ask yourself if holding BPI until now is still within your percentage of risk tolerance. Use my trailing stop calculator.
You don’t have BPI yet but are you planning to enter a new position?
The waiting game has started. You should be patient and wait for the right time where both 10SMACD and Momentum Power Indicator become bullish. Consider subscribing to us so you can ask us for our latest analysis and recommendation any time in our Private Clients Forum.
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