Cebu Air, Inc. (PSE:CEB) closed at ₱88.7 per share as of 03:30 PM GMT+8 on January 15, 2020. It went down by 0.1688 percent.
The Total Turnover Value was ₱4,646,453.00. The foreign traders were the main drivers of Cebu Air, Inc. today.
Foreign investors registered a Net Foreign Buying worth ₱207,109.00. They are net sellers year-to-date.
The immediate support is near ₱86.15, while the immediate resistance is near ₱91.15.
Our 10SMACD combo is bullish.
CEB’s risk level is low due to its historical volatility score of 21.23 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 88.7
VWAP: ₱88.67281
Dominant Range: ₱88.5 – ₱88.7
The Momentum Power Indicator of Cebu Air, Inc. is bearish.
True Market Sentiment – EOD
True Market Sentiment on CEB as of Jan-15-2020 at 03:30PM with a last price of ₱88.70
True Market Sentiment: BEARISH
5 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: ₱88.6451
Top 10 Players’ Selling Average: ₱88.6366
Bonus Info:
4 out of 14 participants or 28.57% of all participants registered a 100% BUYING activity
4 out of 14 participants or 28.57% of all participants registered a 100% SELLING activity
Recommendations
Do you have Cebu Air, Inc. in your portfolio already?
With the assumption that your trailing stop is still intact, we recommend that you hold your position but do not average down. We do not recommend the reduction of the risk percentage of your trailing stop since CEB still has a green volume bar as of the time of writing this analysis. Wait for the 10SMACD and Momentum Power Indicator to become bullish before you top up.
You don’t have Cebu Air, Inc. yet but are you planning to enter a new position?
Do not enter a new position yet since the Momentum Power Indicator is still bearish. A bullish 10SMACD is not enough. Once both indicators have turned to a bullish rating, you need to compute for your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s the time that you can logically position for a test-buy within the dominant range.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of CEB in our Private Clients Forum when you see a significant change in its price or volume.
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