GMA Network Analysis: Sell Now or Buy More?

GMA Network (PSE:GMA7) closed at ₱5.43 per share as of 03:30 PM GMT+8 on January 17, 2020. It went down by 1.09 percent.

The Total Turnover Value was ₱2,174,845.00.

Expect zero participation from the foreign investors since publicly-listed media companies are not open to foreign investors.

The immediate support is near ₱5.30, while the immediate resistance is near ₱5.54.

Our 10SMACD combo is bearish.

GMA7’s risk level is low due to its historical volatility score of 21.6 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 5.43
VWAP: ₱5.43983
Dominant Range: ₱5.43 – ₱5.45

The Momentum Power Indicator of GMA Network is bearish.

True Market Sentiment – EOD

True Market Sentiment on GMA7 as of Jan-17-2020 at 03:30PM with a last price of ₱5.430
True Market Sentiment: NEUTRAL
5 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: ₱5.4490
Top 10 Players’ Selling Average: ₱5.4433
Bonus Info:
3 out of 9 participants or 33.33% of all participants registered a 100% BUYING activity
2 out of 9 participants or 22.22% of all participants registered a 100% SELLING activity

Recommendations

Do you have GMA Network in your portfolio already?

You may want to reduce the percentage of risk of your trailing stop since the 10SMACD and Momentum Power Indicator are both bearish already. Also, the last volume bar is red and is higher than the 10-day volume average of GMA7. This means the downtrend is more than likely to continue. The area above ₱5.50 is a profit-taking level.

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

Don’t do a test-buy yet. The support at ₱5.30 is more than likely to be re-tested.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of GMA7 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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