Alsons Consolidated Resources Analysis: More Likely to Test ₱1.14?

Alsons Consolidated Resources, Inc. (PSE:ACR) closed at ₱1.2 per share as of 03:30 PM GMT+8 on January 8, 2020. It went down by 2.44 percent.

The Total Turnover Value was ₱745,360.00. The local traders were the main drivers of Alsons Consolidated Resources, Inc. today.

Foreign investors registered a Net Foreign Selling worth ₱111,760.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱1.14, while the immediate resistance is near ₱1.23.

Our 10SMACD combo is bearish.

ACR’s risk level is moderate due to its historical volatility score of 61.15 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 1.2
VWAP: ₱1.20026
Dominant Range: ₱1.2 – ₱1.2

The Momentum Power Indicator of Alsons Consolidated Resources, Inc. is bearish because only 2 of 4 elements are bullish.

True Market Sentiment – EOD

True Market Sentiment on ACR as of Jan-08-2020 at 03:30PM with a last price of ₱1.20
True Market Sentiment: BEARISH
2 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: ₱1.2067
Top 10 Players’ Selling Average: ₱1.2009
Bonus Info:
2 out of 4 participants or 50.00% of all participants registered a 100% BUYING activity
1 out of 4 participants or 25.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Alsons Consolidated Resources, Inc. in your portfolio already?

There’s no confirmed buy signal for ACR. If your trailing stop is intact, we recommend that you hold your position, but do not top up. This is the not right time to average down. Wait for the 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of topping up.

You don’t have Alsons Consolidated Resources, Inc. yet but are you planning to enter a new position?

The bearish True Market Sentiment seconds the motion for the lack of a confirmed buy signal. Stay on the sidelines for now and continue observing the trade-volume distribution.

Please ask for our latest analysis and recommendation on ACR in our Private Clients Forum when you see a significant change on its price or volume.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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