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

Petron Corp. – Perpetual Pref. Series 3B (PSE:PRF3B) closed at ₱1,065.00 per share as of 01:00 PM GMT+8 on June 16, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱138,450.00. The local traders were the main drivers of Petron Corp. – Perpetual Pref. Series 3B today.

The immediate support is near ₱1,045.00, while the immediate resistance is near ₱1,071.00.

Our 10SMACD combo is bullish.

PRF3B’s risk level is low due to its historical volatility score of 11.31 percent.

Trade-Volume Distribution

Last Price: ₱ 1065.00
VWAP: ₱1065
Dominant Range: ₱1065.00 – ₱1065.00

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

True Market Sentiment

True Market Sentiment on PRF3B as of Jun-16-2020 at 01:00PM with a last price of ₱1065.00
True Market Sentiment: BEARISH
1 of the top 10 brokers registered a positive Net Amount
0 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1065.0000
Top 10 Players’ Selling Average: ₱1065.0000
Bonus Info:
0 out of 2 participants or 0.00% of all participants registered a 100% BUYING activity
1 out of 2 participants or 50.00% of all participants registered a 100% SELLING activity

Recommendations

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

There’s no buy signal confirmation for PRF3B 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 3B yet but are you planning to do a test-buy?

There’s no buy signal confirmation for PRF3B yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on PRF3B.

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.

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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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