Aboitiz Power Corporation Analysis: Is There a Confirmed Buy Signal Already?

Aboitiz Power Corporation (PSE:AP) closed at ₱24.00 per share as of 03:30 PM GMT+8 on March 20, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱48,283,700.00. The foreign traders were the main drivers of Aboitiz Power Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱18,532,345.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱23.00, while the immediate resistance is near ₱26.60.

Our 10SMACD combo is bearish.

AP’s risk level is moderate due to its historical volatility score of 51.85 percent.

Trade-Volume Distribution

Last Price: ₱ 24.00
VWAP: ₱23.77687
Dominant Range: ₱24.00 – ₱24.00

The Momentum Power Indicator of Aboitiz Power Corporation is bearish.

True Market Sentiment

True Market Sentiment on AP as of Mar-20-2020 at 03:30PM with a last price of ₱24.00
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: ₱23.8392
Top 10 Players’ Selling Average: ₱23.7933
Bonus Info:
10 out of 30 participants or 33.33% of all participants registered a 100% BUYING activity
4 out of 30 participants or 13.33% of all participants registered a 100% SELLING activity

Recommendations

Do you have Aboitiz Power Corporation in your portfolio already?

There’s no buy signal confirmation for AP 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 Aboitiz Power Corporation yet but are you planning to do a test-buy?

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

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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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