2GO Group Analysis: Buy Now or Wait Below ₱9.40?

2GO Group (PSE:2GO) closed at ₱9.41 per share as of 03:30 PM GMT+8 on January 29, 2020. It went up by 0.213 percent.

The Total Turnover Value was ₱87,633.00. The local traders were the main drivers of 2GO Group today.

Foreign investors did not trade 2GO today. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱9.40, while the immediate resistance is near ₱11.20.

Our 10SMACD combo is bearish.

2GO’s risk level is low due to its historical volatility score of 36.49 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 9.4
VWAP: ₱9.40345
Dominant Range: ₱9.4 – ₱9.4

The Momentum Power Indicator of 2GO Group is bearish.

True Market Sentiment – EOD

True Market Sentiment on 2GO as of Jan-30-2020 at 12:00PM with a last price of ₱9.40
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱9.4067
Top 10 Players’ Selling Average: ₱9.4033
Bonus Info:
2 out of 5 participants or 40.00% of all participants registered a 100% BUYING activity
2 out of 5 participants or 40.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have 2GO Group in your portfolio already?

Do not average down. Hold your position if your trailing stop is still intact or reduce the percentage of risk on your trailing stop since it’s a bearish True Market Sentiment.

You don’t have 2GO Group yet but are you planning to enter a new position?

Do not do a test-buy yet since both 10SMACD and Momentum Power Indicator are both bearish.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of 2GO in our Private Clients Forum when you see a significant change in its price or volume.

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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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