San Miguel Corporation Series 2-I Pref. Analysis: June 25, 2020

San Miguel Corporation Series 2-I Pref. (PSE:SMC2I) closed at ₱78.45 per share as of 01:00 PM GMT+8 on June 25, 2020. It went up by 0.58 percent.

The Total Turnover Value was ₱71,429,223.00. The local traders were the main drivers of San Miguel Corporation Series 2-I Pref. today.

The immediate support is near ₱77.00, while the immediate resistance is near ₱79.00.

Our 10SMACD combo is bullish.

SMC2I’s risk level is low due to its historical volatility score of 13.22 percent.

Trade-Volume Distribution

Last Price: ₱ 78.45
VWAP: ₱78.45055
Dominant Range: ₱78.45 – ₱78.45

The Momentum Power Indicator of San Miguel Corporation Series 2-I Pref. is bearish.

True Market Sentiment

True Market Sentiment on SMC2I as of Jun-25-2020 at 01:00PM with a last price of ₱78.45
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: ₱78.4737
Top 10 Players’ Selling Average: ₱78.4500
Bonus Info:
1 out of 4 participants or 25.00% of all participants registered a 100% BUYING activity
2 out of 4 participants or 50.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have San Miguel Corporation Series 2-I Pref. in your portfolio already?

There’s no buy signal confirmation for SMC2I yet. Since the last volume bar is green and it’s higher than the 50 percent of the stock’s 10-day volume average, you may choose to hold your position, but don’t top up yet.

You don’t have San Miguel Corporation Series 2-I Pref. yet but are you planning to do a test-buy?

There’s no buy signal confirmation for SMC2I yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on SMC2I.

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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