Cebu Landmasters Technical Analysis: Likely to Hit ₱7.64 or Retreat Below ₱6.22?

Cebu Landmasters, Inc. Technical Analysis

Cebu Landmasters’ main support is near ₱6.22, while its immediate resistance is near ₱7.64, confluent with the 61.80 percent extension of the Up Fibonacci. Also, foreign investors have insignificant trades on this stock.

Does CLI have a buy signal? Let’s find out with my 6-way test according to my Evergreen Strategy 2.0.

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: No

Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: Yes

Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: Yes

Parameter 5: Is its Dominant Range Index bullish?
Answer: Yes

Dominant Range Index: Bullish
Last Price: ₱6.87
Intraday Low: ₱6.0500
Intraday High: ₱6.9000
VWAP: ₱6.5158
Dominant Range: ₱6.70 – ₱6.87

Parameter 6: Is its Market Sentiment Index bullish?
Answer: No

Market Sentiment Index: BEARISH
25 of the 59 participating brokers, or 42.37% of all participants, registered a positive Net Amount
19 of the 59 participating brokers, or 32.20% of all participants, registered a higher Buying Average than Selling Average
59 Participating Brokers’ Buying Average: ₱6.57063
59 Participating Brokers’ Selling Average: ₱6.55062
11 out of 59 participants, or 18.64% of all participants, registered a 100% BUYING activity
18 out of 59 participants, or 30.51% of all participants, registered a 100% SELLING activity

Synthesis

If we’re going to be very strict in following our Evergreen Strategy 2.0, Cebu Landmasters doesn’t have a confirmed buy signal yet because only 5 out of 6 parameters are bullish. So, if you’d like to bypass the bearish Market Sentiment Index and force a buy action, the risk is yours.

If you already have CLI in your stock portfolio, you have the option to hold your position if your trailing stop is still intact. Do not panic because its Dominant Range Index today is still bullish. However, you may want to postpone your plan to top up unless and until all 6 signals are bullish.

If you don’t have CLI yet, you may want to add it to your watchlist if you still have an available slot. Make sure that you’ve already read and studied the course manual of my Evergreen Strategy 2.0 in your account (for our clients only), so you can analyze a stock on your own as I do.

If today’s ascent isn’t sustained with a volume higher than 100 percent of CLI’s 10-day volume average by the next trading day, it might go back below its present support level. That’s a probability and not a certainty, however.

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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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