Aboitiz Equity Ventures Analysis: Buy Now or Wait Near ₱21.60?

Aboitiz Equity Ventures, Inc. (PSE:AEV) closed at ₱30.95 per share as of 03:30 PM GMT+8 on March 20, 2020. It went down by 3.28 percent.

The Total Turnover Value was ₱59,572,405.00. The local traders were the main drivers of Aboitiz Equity Ventures, Inc. today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱15,066,805.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱21.60, while the immediate resistance is near ₱33.15.

Our 10SMACD combo is bearish.

AEV’s risk level is moderate due to its historical volatility score of 59.86 percent.

Trade-Volume Distribution

Last Price: ₱ 30.95
VWAP: ₱31.41839
Dominant Range: ₱30.95 – ₱30.95

The Momentum Power Indicator of Aboitiz Equity Ventures, Inc. is bearish.

True Market Sentiment

True Market Sentiment on AEV as of Mar-20-2020 at 03:30PM with a last price of ₱30.95
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱31.2943
Top 10 Players’ Selling Average: ₱31.4294
Bonus Info:
11 out of 31 participants or 35.48% of all participants registered a 100% BUYING activity
0 out of 31 participants or 0.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Aboitiz Equity Ventures, Inc. in your portfolio already?

There’s no buy signal confirmation for AEV yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have Aboitiz Equity Ventures, Inc. yet but are you planning to do a test-buy?

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

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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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