Security Bank Corporation Analysis: Is SECB More Likely to Break Below ₱101.10?

Security Bank Corporation (PSE:SECB) closed at ₱103.40 per share as of 01:00 PM GMT+8 on April 30, 2020. It went up by 0.3883 percent.

The Total Turnover Value was ₱31,830,289.00. The foreign traders were the main drivers of Security Bank Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱15,145,613.00. Foreign fundies are net sellers year-to-date. Their day-to-day Net Foreign is relatively significant.

The immediate support is near ₱101.10, while the immediate resistance is near ₱132.60.

Our 10SMACD combo is bullish.

SECB’s risk level is low due to its historical volatility score of 27.17 percent.

Trade-Volume Distribution

Last Price: ₱ 103.40
VWAP: ₱103.85764
Dominant Range: ₱103.40 – ₱103.40

The Momentum Power Indicator of Security Bank Corporation is bearish.

True Market Sentiment

True Market Sentiment on SECB as of Apr-30-2020 at 1:00PM with a last price of ₱103.40
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱103.9570
Top 10 Players’ Selling Average: ₱103.9820
Bonus Info:
16 out of 41 participants or 39.02% of all participants registered a 100% BUYING activity
3 out of 41 participants or 7.32% of all participants registered a 100% SELLING activity

Recommendations

Do you have Security Bank Corporation in your portfolio already?

There’s no buy signal confirmation for SECB 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 Security Bank Corporation yet but are you planning to do a test-buy?

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

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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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