ABS-CBN Holdings Corporation PDR (PSE:ABSP) closed at ₱15.6 per share as of 03:30 PM GMT+8 on January 29, 2020. The last price remains unchanged from the previous trading day’s closing price.
The Total Turnover Value was ₱13,165,562.00. The local traders were the main drivers of ABS-CBN Holdings Corporation PDR today.
Foreign investors registered a Net Foreign Selling worth ₱5,875,126.00. They are net sellers year-to-date.
The immediate support is near ₱14.70, while the immediate resistance is near ₱16.45.
Our 10SMACD combo is bearish.
ABSP’s risk level is low due to its historical volatility score of 20.64 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 15.6
VWAP: ₱16.92232
Dominant Range: ₱15.6 – ₱16.12
The Momentum Power Indicator of ABS-CBN Holdings Corporation PDR is bearish.
True Market Sentiment – EOD
True Market Sentiment on ABSP as of Jan-29-2020 at 03:30PM with a last price of ₱15.60
True Market Sentiment: NEUTRAL
7 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: ₱16.3060
Top 10 Players’ Selling Average: ₱17.0630
Bonus Info:
4 out of 15 participants or 26.67% of all participants registered a 100% BUYING activity
3 out of 15 participants or 20.00% of all participants registered a 100% SELLING activity
Recommendations
Do you have ABS-CBN Holdings Corporation PDR in your portfolio already?
Reduce the percentage of risk on your trailing stop. Then, hold your position. Do not top up. ABSP is still more than likely to re-test the support at ₱14.70.
You don’t have ABS-CBN Holdings Corporation PDR yet but are you planning to enter a new position?
Postpone your plan to do a test-buy on ABSP. There is no buy signal confirmation. Both 10SMACD and Momentum Power Indicator are bearish.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of ABSP in our Private Clients Forum when you see a significant change in its price or volume.
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