Filinvest Land Analysis: Buy on Breakout Above ₱1.56?

Filinvest Land, Inc. (PSE:FLI) closed at ₱1.54 per share as of 03:30 PM GMT+8 on January 15, 2020. It went down by 0.65 percent.

The Total Turnover Value was ₱26,769,860.00. The local traders were the main drivers of Filinvest Land, Inc. today.

Foreign investors registered a Net Foreign Buying worth ₱3,587,280.00. They are net sellers year-to-date.

The immediate support is near ₱1.46, while the immediate resistance is near ₱1.56.

Our 10SMACD combo is bullish.

FLI’s risk level is low due to its historical volatility score of 5.93 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 1.54
VWAP: ₱1.53559
Dominant Range: ₱1.53 – ₱1.54

The Momentum Power Indicator of Filinvest Land, Inc. is bearish.

True Market Sentiment – EOD

True Market Sentiment on FLI as of Jan-15-2020 at 03:30PM with a last price of ₱1.540
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: ₱1.5376
Top 10 Players’ Selling Average: ₱1.5360
Bonus Info:
4 out of 26 participants or 15.38% of all participants registered a 100% BUYING activity
8 out of 26 participants or 30.77% of all participants registered a 100% SELLING activity

Recommendations

Do you have Filinvest Land, Inc. in your portfolio already?

With the assumption that your trailing stop is still intact, we advise that you hold your position.The bearish Momentum Power Indicator and the neutral True Market Sentiment are signs of a weak upward momentum. Do not average down. You may want to reduce the percentage of risk on your trailing stop also.

You don’t have Filinvest Land, Inc. yet but are you planning to enter a new position?

Do not enter a new position yet. The downtrend is more than likely to continue. Wait for the 10SMACD and Momentum Power Indicator to become bullish before you consider doing a test-buy.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of FLI in our Private Clients Forum when you see a significant change in 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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