EEI Corporation Analysis: Is There a Buy Signal Confirmation Already?

EEI Corporation (PSE:EEI) closed at ₱9 per share as of 03:30 PM GMT+8 on January 17, 2020. It went up by 2.27 percent.

The Total Turnover Value was ₱3,961,474.00. The foreign traders were the main drivers of EEI Corporation today.

Foreign investors registered a Net Foreign Buying worth ₱264,912.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱8.90, while the immediate resistance is near ₱9.80.

Our 10SMACD combo is bearish.

EEI’s risk level is low due to its historical volatility score of 26.27 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 9
VWAP: ₱8.91822
Dominant Range: ₱8.95 – ₱9

The Momentum Power Indicator of EEI Corporation is bullish.

True Market Sentiment – EOD

True Market Sentiment on EEI as of Jan-17-2020 at 03:30PM with a last price of ₱9.0
True Market Sentiment: BEARISH
3 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: ₱8.9125
Top 10 Players’ Selling Average: ₱8.9202
Bonus Info:
2 out of 10 participants or 20.00% of all participants registered a 100% BUYING activity
3 out of 10 participants or 30.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have EEI Corporation in your portfolio already?

Assuming your trailing stop is still intact, we advise that you hold your position. However, do not top up yet because the 10SMACD is still bearish. The appearance of a green candlestick today is NOT a confirmation that EEI has found its bottom already.

You don’t have EEI Corporation yet but are you planning to enter a new position?

Do not enter on a new position yet. Wait for the 10SMACD and Momentum Power Indicator to become bullish. Then, calculate your reward-to-risk ratio. Once you’re satisfied with the reward-to-risk ratio, that’s the time when you should do a test-buy within the dominant range.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of EEI 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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