Ayala Corporation (PSE:AC) closed at ₱800 per share as of 03:30 PM GMT+8 on December 26, 2019. It went up by 2.7 percent.
The Total Turnover Value was ₱186,907,230.00. The local traders were the main drivers of Ayala Corporation today.
Foreign investors registered a Net Foreign Buying worth ₱10,101,525.00. They are net sellers year-to-date.
The immediate support is near ₱785.00, while the immediate resistance is near ₱841.00.
Our 10SMACD combo is bullish.
Ayala Corporation’s risk level is low due to its historical volatility score of 40.93 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 800
VWAP: ₱793.4928
Dominant Range: ₱799.5 – ₱800.5
The Momentum Power Indicator of Ayala Corporation is bearish because only 2 of 4 elements are bullish.
True Market Sentiment – EOD
True Market Sentiment on Ayala Corporation as of Dec-26-2019 at 03:30PM, with a last price of ₱800.0
True Market Sentiment: BEARISH
4 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: ₱793.6795
Top 10 Players’ Selling Average: ₱792.2176
Bonus Info:
16 out of 56 participants or 28.57% of all participants registered a 100% BUYING activity
13 out of 56 participants or 23.21% of all participants registered a 100% SELLING activity
Recommendations
Do you have Ayala Corporation in your portfolio already?
We advise that you hold your position for now if your trailing stop is still intact. Our Evergreen Strategy issues no confirmed buy signal since the Momentum Power Indicator is still bearish.
In addition to that, the True Market Sentiment is bearish. It seems to be a “second the motion” to the lack of a confirmed buy signal for Ayala Corporation.
You don’t have Ayala Corporation yet but are you planning to enter a new position?
Don’t rush. The 10SMACD of Ayala Corporation is already bullish. We just need the dominant range to park closer to the intraday high than the intraday low.
Also, the volume to go higher than the 50 percent of Ayala Corporation’s 10-day volume average for its Momentum Power Indicator to become bullish. Once the 10SMACD and Momentum Power Indicator are both bullish, you may do a test-buy within the dominant range.
Please request for our latest analysis and recommendation for Ayala Corporation in our Private Clients Forum when you see a significant change in price and volume so we can guide you further.
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Note: This is Mr. Jaycee De Guzman’s “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market”.
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✅ Lesson 3: how to know the true market sentiment
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✅ Lesson 5: how to identify the best price range to trade
✅ Lesson 6: how to sell more logically and less emotionally
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