Petron Corp. - Perpetual Pref. Series 3A Analysis: June 16, 2020

Petron Corp. – Perpetual Pref. Series 3A (PSE:PRF3A) closed at ₱1,050.00 per share as of 01:00 PM GMT+8 on June 16, 2020. It went up by 0.1908 percent.

The Total Turnover Value was ₱1,291,390.00. The local traders were the main drivers of Petron Corp. – Perpetual Pref. Series 3A today.

The immediate support is near ₱1,040.00, while the immediate resistance is near ₱1,060.00.

Our 10SMACD combo is bullish.

PRF3A’s risk level is low due to its historical volatility score of 13.72 percent.

Trade-Volume Distribution

Last Price: ₱ 1050.00
VWAP: ₱1049.91057
Dominant Range: ₱1050.00 – ₱1050.00

The Momentum Power Indicator of Petron Corp. – Perpetual Pref. Series 3A is bearish.

True Market Sentiment

True Market Sentiment on PRF3A as of Jun-16-2020 at 01:00PM with a last price of ₱1050.00
True Market Sentiment: BEARISH
1 of the top 10 brokers registered a positive Net Amount
1 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1049.9106
Top 10 Players’ Selling Average: ₱1049.5000
Bonus Info:
1 out of 3 participants or 33.33% of all participants registered a 100% BUYING activity
2 out of 3 participants or 66.67% of all participants registered a 100% SELLING activity

Recommendations

Do you have Petron Corp. – Perpetual Pref. Series 3A in your portfolio already?

There’s no buy signal confirmation for PRF3A yet. Even though the last volume bar is green, today’s volume is less than the 50 percent of the stock’s 10-day volume average. You may want to reduce the percentage of risk on your trailing stop, at least.

You don’t have Petron Corp. – Perpetual Pref. Series 3A yet but are you planning to do a test-buy?

There’s no buy signal confirmation for PRF3A yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on PRF3A.

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

Would you like to level up as a stock trader and investor in the Philippine Stock Market? Try the best stock market subscription service in the Philippines.

Author
Recent Posts

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.

Latest posts by Jaycee De Guzman (see all)