EquiTalks: ICT, BPI, AEV Updates

If you have International Container Terminal Services (ICT), Bank of the Philippine Islands (BPI), or Aboitiz Equity Ventures (AEV) 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 ICT, BPI, and AEV?

I checked the Top Traded list and picked the top three. 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 3-day exponential moving average.
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 International Container Terminal Services (ICT) have a buy signal?

No, there’s no buy signal for ICT as of the first half of trading on May 29, 2024. Only 2 of 4 criteria are bullish.

First Criterion: BEARISH

Second Criterion: BULLISH

Dominant Range Index: BEARISH
Last Price: 327.80
Dominant Range: 334.00 – 334.00
VWAP: 331.90

Market Sentiment Index (Intraday): BULLISH
41 of the 52 participating brokers, or 78.85% of all participants, registered a positive Net Amount
32 of the 52 participating brokers, or 61.54% of all participants, registered a higher Buying Average than Selling Average
52 Participating Brokers’ Buying Average: ₱331.59067
52 Participating Brokers’ Selling Average: ₱331.31285
24 out of 52 participants, or 46.15% of all participants, registered a 100% BUYING activity
5 out of 52 participants, or 9.62% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD): BULLISH
41 of the 52 participating brokers, or 78.85% of all participants, registered a positive Net Amount
32 of the 52 participating brokers, or 61.54% of all participants, registered a higher Buying Average than Selling Average
52 Participating Brokers’ Buying Average: ₱331.59067
52 Participating Brokers’ Selling Average: ₱331.31285
24 out of 52 participants, or 46.15% of all participants, registered a 100% BUYING activity
5 out of 52 participants, or 9.62% of all participants, registered a 100% SELLING activity

Does Bank of the Philippine Islands (BPI) have a buy signal?

No, there’s no buy signal for BPI as of the first half of trading on May 29, 2024. Only 2 of 4 criteria are bullish.

First Criterion: BEARISH

Second Criterion: BULLISH

Dominant Range Index: BEARISH
Last Price: 120.60
Dominant Range: 120.00 – 120.50
VWAP: 120.74

Market Sentiment Index (Intraday): BULLISH
25 of the 35 participating brokers, or 71.43% of all participants, registered a positive Net Amount
18 of the 35 participating brokers, or 51.43% of all participants, registered a higher Buying Average than Selling Average
35 Participating Brokers’ Buying Average: ₱120.46856
35 Participating Brokers’ Selling Average: ₱121.00317
12 out of 35 participants, or 34.29% of all participants, registered a 100% BUYING activity
2 out of 35 participants, or 5.71% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD): BEARISH
50 of the 79 participating brokers, or 63.29% of all participants, registered a positive Net Amount
28 of the 79 participating brokers, or 35.44% of all participants, registered a higher Buying Average than Selling Average
79 Participating Brokers’ Buying Average: ₱123.12540
79 Participating Brokers’ Selling Average: ₱124.19002
11 out of 79 participants, or 13.92% of all participants, registered a 100% BUYING activity
8 out of 79 participants, or 10.13% of all participants, registered a 100% SELLING activity

Does Aboitiz Equity Ventures (AEV) have a buy signal?

No, there’s no buy signal for AEV as of the first half of trading on May 29, 2024. Only 2 of 4 criteria are bullish.

First Criterion: BEARISH

Second Criterion: BEARISH

Dominant Range Index: BULLISH
Last Price: 35.80
Dominant Range: 35.75 – 35.80
VWAP: 35.77

Market Sentiment Index (Intraday): BULLISH
28 of the 43 participating brokers, or 65.12% of all participants, registered a positive Net Amount
28 of the 43 participating brokers, or 65.12% of all participants, registered a higher Buying Average than Selling Average
43 Participating Brokers’ Buying Average: ₱35.79667
43 Participating Brokers’ Selling Average: ₱35.76050
22 out of 43 participants, or 51.16% of all participants, registered a 100% BUYING activity
4 out of 43 participants, or 9.30% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD(: BEARISH
68 of the 88 participating brokers, or 77.27% of all participants, registered a positive Net Amount
44 of the 88 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
88 Participating Brokers’ Buying Average: ₱37.35497
88 Participating Brokers’ Selling Average: ₱37.86021
26 out of 88 participants, or 29.55% of all participants, registered a 100% BUYING activity
2 out of 88 participants, or 2.27% 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.

Would You Like More?

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You may also read my other reports here and watch my videos on YouTube.

Author
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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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