Cebu Holdings Analysis: Poised to Retest ₱5.80?

Cebu Holdings (PSE:CHI) closed at ₱6.20 per share as of 03:30 PM GMT+8 on February 4, 2020. It went down by 6.91 percent.

The Total Turnover Value was ₱680,038.00. The local traders were the main drivers of Cebu Holdings today.

Foreign investors did not trade CHI today. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱5.80, while the immediate resistance is near ₱7.00.

Our 10SMACD combo is bearish.

CHI’s risk level is moderate due to its historical volatility score of 50.04 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 6.2
VWAP: ₱6.22176
Dominant Range: ₱6.2 – ₱6.2

The Momentum Power Indicator of Cebu Holdings is bearish.

True Market Sentiment – EOD

True Market Sentiment on CHI as of Feb-04-2020 at 03:30PM with a last price of ₱6.20
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱6.2316
Top 10 Players’ Selling Average: ₱6.3615
Bonus Info:
3 out of 7 participants or 42.86% of all participants registered a 100% BUYING activity
3 out of 7 participants or 42.86% of all participants registered a 100% SELLING activity

Recommendations

Do you have Cebu Holdings in your portfolio already?

There’s no buy signal confirmation for CHI yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have Cebu Holdings yet but are you planning to do a test-buy?

There’s no buy signal confirmation for CHI yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on CHI.

Are you a subscriber of Equilyst Analytics? You may ask for our latest technical analysis of CHI 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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