Aboitiz Power Corporation Analysis: Buy Now or Later?

Aboitiz Power Corporation (PSE:AP) closed at ₱33.3 per share as of 03:30 PM GMT+8 on January 24, 2020. It went up by 0.3012 percent.

The Total Turnover Value was ₱30,208,820.00. The foreign traders were the main drivers of Aboitiz Power Corporation today.

Foreign investors registered a Net Foreign Selling worth ₱1,361,440.00. They are net sellers year-to-date.

The immediate support is near ₱32.45, while the immediate resistance is near ₱35.00.

The 10SMACD combo is bearish.

AP’s risk level is low due to its historical volatility score of 32.7 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 33.3
VWAP: ₱32.96826
Dominant Range: ₱32.9 – ₱33.3

The Momentum Power Indicator of Aboitiz Power Corporation is bullish.

True Market Sentiment – EOD

True Market Sentiment on AP as of Jan-24-2020 at 03:30PM with a last price of ₱33.30
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱32.9661
Top 10 Players’ Selling Average: ₱33.0853
Bonus Info:
10 out of 23 participants or 43.48% of all participants registered a 100% BUYING activity
5 out of 23 participants or 21.74% of all participants registered a 100% SELLING activity

Recommendations

Do you have Aboitiz Power Corporation in your portfolio already?

Hold your position for now. Do not top up because the 10SMACD is still bearish. There’s no need to reduce the percentage of risk on your trailing stop since the last volume bar is still green and is still higher than the 50 percent of AP’s 10-day volume average.

You don’t have Aboitiz Power Corporation yet but are you planning to enter a new position?

Do not do a test-buy yet. Wait for the 10SMACD and Momentum Power Indicator to become bullish. Be on a wait-and-see mode for now.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of AP 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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