Bank of the Philippine Islands Analysis: Is It More Prudent to Wait Near ₱48.45?

Bank of the Philippine Islands (PSE:BPI) closed at ₱55.00 per share as of 03:30 PM GMT+8 on March 20, 2020. It went down by 0.9 percent.

The Total Turnover Value was ₱214,445,825.00. The foreign traders were the main drivers of Bank of the Philippine Islands today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱62,407,656.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱48.45, while the immediate resistance is near ₱61.99.

Our 10SMACD combo is bearish.

BPI’s risk level is extremely high due to its historical volatility score of 118.82 percent.

Trade-Volume Distribution

Last Price: ₱ 55.00
VWAP: ₱55.07296
Dominant Range: ₱55.00 – ₱55.00

The Momentum Power Indicator of Bank of the Philippine Islands is bearish.

True Market Sentiment

True Market Sentiment on BPI as of Mar-20-2020 at 03:30PM with a last price of ₱55.00
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: ₱55.3169
Top 10 Players’ Selling Average: ₱55.1420
Bonus Info:
25 out of 67 participants or 37.31% of all participants registered a 100% BUYING activity
8 out of 67 participants or 11.94% of all participants registered a 100% SELLING activity

Recommendations

Do you have Bank of the Philippine Islands in your portfolio already?

There’s no buy signal confirmation for BPI 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 Bank of the Philippine Islands yet but are you planning to do a test-buy?

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

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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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