If you have MEG, BDO, and ALI in your portfolio, or if you’re planning to take a new position in any of these three stocks, I hope that my analysis will help you make a data-driven and logical investment decision.
What criteria did I use in choosing MEG, BDO, and ALI?
I went to PSE Edge’s website and checked the Most Viewed Disclosures. So, you cannot say I’m selectively featuring stocks I already have because my selection criteria don’t allow me to cherry-pick which stocks to feature.
What’s my methodology when looking for a confirmed buy signal?
I have four criteria when analyzing if the stock has a confirmed buy signal.
Firstly, the last price must be higher than its 10-day simple moving average. Not less. Not equal. Higher.
Secondly, the prevailing volume must be higher than at least 50% of the stock’s 10-day volume average.
The first and second criteria are indicators available on your broker’s platform. The last two criteria can only be produced by me.
Thirdly, the prevailing Dominant Range Index of the stock must be bullish. I can’t tell how this proprietary indicator churns out a bearish or bullish signal because it’s proprietary/
Fourthly, either the prevailing (or EOD) or month-to-date (MTD) Market Sentiment Index should be bullish. This is also my proprietary indicator.
So, a stock must get four bullish signals for it to have a confirmed buy signal for me. Once there’s a confirmed buy signal, I can either take a new position or top up my existing one.
Now that you know how I analyze, let’s go to my analysis.
Does Megaworld Corporation (MEG) have a buy signal?
No, there’s no buy signal for MEG as of the end of trading on May 27, 2024. Only 2 of 4 criteria are bullish.
First Criterion: BULLISH
Second Criterion: BULLISH
Dominant Range Index: BEARISH
Last Price: 1.90
Dominant Range: 1.89 – 1.92
VWAP: 1.90
Market Sentiment Index (EOD): BEARISH
9 of the 40 participating brokers, or 22.50% of all participants, registered a positive Net Amount
8 of the 40 participating brokers, or 20.00% of all participants, registered a higher Buying Average than Selling Average
40 Participating Brokers’ Buying Average: ₱1.89539
40 Participating Brokers’ Selling Average: ₱1.89690
5 out of 40 participants, or 12.50% of all participants, registered a 100% BUYING activity
24 out of 40 participants, or 60.00% of all participants, registered a 100% SELLING activity
Market Sentiment Index (MTD): BEARISH
37 of the 75 participating brokers, or 49.33% of all participants, registered a positive Net Amount
27 of the 75 participating brokers, or 36.00% of all participants, registered a higher Buying Average than Selling Average
75 Participating Brokers’ Buying Average: ₱1.79264
75 Participating Brokers’ Selling Average: ₱1.83334
14 out of 75 participants, or 18.67% of all participants, registered a 100% BUYING activity
12 out of 75 participants, or 16.00% of all participants, registered a 100% SELLING activity
Does BDO Unibank (BDO) have a buy signal?
No, there’s no buy signal for BDO as of the end of trading on May 27, 2024. Unfortunately, its share price is still below its 10-day simple moving averaging.
First Criterion: BEARISH
Second Criterion: BULLISH
Dominant Range Index: BULLISH
Last Price: 135.00
Dominant Range: 134.90 – 135.10
VWAP: 134.970
Market Sentiment Index (EOD): BULLISH
34 of the 44 participating brokers, or 77.27% of all participants, registered a positive Net Amount
29 of the 44 participating brokers, or 65.91% of all participants, registered a higher Buying Average than Selling Average
44 Participating Brokers’ Buying Average: ₱134.93043
44 Participating Brokers’ Selling Average: ₱134.98199
16 out of 44 participants, or 36.36% of all participants, registered a 100% BUYING activity
5 out of 44 participants, or 11.36% of all participants, registered a 100% SELLING activity
Market Sentiment Index (MTD): BULLISH
78 of the 96 participating brokers, or 81.25% of all participants, registered a positive Net Amount
50 of the 96 participating brokers, or 52.08% of all participants, registered a higher Buying Average than Selling Average
96 Participating Brokers’ Buying Average: ₱139.34633
96 Participating Brokers’ Selling Average: ₱140.60013
24 out of 96 participants, or 25.00% of all participants, registered a 100% BUYING activity
2 out of 96 participants, or 2.08% of all participants, registered a 100% SELLING activity
Does Ayala Land (ALI) have a buy signal?
No, there’s no buy signal for ALI as of the end of trading on May 27, 2024. Only 1 out of 4 criteria is bullish.
First Criterion: BEARISH
Second Criterion: BULLISH
Dominant Range Index: BEARISH
Last Price: 28.45
Dominant Range: 28.15 – 28.55
VWAP: 28.410
Market Sentiment Index (EOD): BULLISH
31 of the 53 participating brokers, or 58.49% of all participants, registered a positive Net Amount
30 of the 53 participating brokers, or 56.60% of all participants, registered a higher Buying Average than Selling Average
53 Participating Brokers’ Buying Average: ₱28.37540
53 Participating Brokers’ Selling Average: ₱28.35997
19 out of 53 participants, or 35.85% of all participants, registered a 100% BUYING activity
5 out of 53 participants, or 9.43% of all participants, registered a 100% SELLING activity
Market Sentiment Index (MTD): BEARISH
65 of the 109 participating brokers, or 59.63% of all participants, registered a positive Net Amount
28 of the 109 participating brokers, or 25.69% of all participants, registered a higher Buying Average than Selling Average
109 Participating Brokers’ Buying Average: ₱27.67046
109 Participating Brokers’ Selling Average: ₱28.38060
9 out of 109 participants, or 8.26% of all participants, registered a 100% BUYING activity
1 out of 109 participants, or 0.92% of all participants, registered a 100% SELLING activity
Does Not Having a Buy Signal Mean a Sell Signal?
Not having a buy signal can only be a sell signal if, and only if, your trailing stop has already been hit. If your trailing stop is still intact, you can ignore the lack of a buy signal unless both the Dominant Range Index and the EOD Market Sentiment Index have been bearish for three consecutive trading days.
If these two indicators have been bearish for three straight trading days, you may consider preempting your trailing stop even if it has yet to be hit.
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