I’m sharing with you the Market Sentiment Index rating and dominant prices for AC, ACEN, AEV, AGI, and ALI as of April 16, 2024.
Understanding Market Sentiment
The Market Sentiment Index indicator discussed in this report is my proprietary creation, and I am the sole authority on its methodology for determining bearish and bullish ratings, as well as the specific criteria it considers.
The market sentiment helps me estimate if the prevailing direction of the share price is likely to continue or reverse.
For example, if the stock is in a downtrend and the prevailing market sentiment is bearish, it means the downtrend is likely to continue.
If the stock is in a downtrend, but the market sentiment turns bullish, it’s a sign that investors might see a bullish reversal.
Again, and again, notice the adverbs I’m using – “likely” and “might”. We’re still talking about probabilities and not certainties.
Still, it’s better to be data-driven and be proven wrong by the market than make decisions based on gut feeling alone. The former gives you the opportunity to optimize something while the latter doesn’t.
Understanding Dominant Prices
Imagine you’re on the verge of buying the stock. If the dominant prices are closer to the intraday low than the intraday high, will you rush into buying, or will you wait a bit longer because the price is likely to continue moving downward?
Now, consider you’re about to realize your gains, even though your trailing stop is still in place. If the dominant prices are closer to the intraday high than the intraday low, will you rush into selling, or will you wait a bit longer because the price is likely to continue moving upward?
Picture this: it’s been 60 minutes since the opening bell. If the current price is at the intraday high itself, but the dominant prices include the intraday low, wouldn’t that make you question the sustainability of the intraday bullishness?
This brief explanation of how market sentiment and dominant prices work cannot paint the entire picture. You can only appreciate it fully if you understand the principles behind it. Consider enrolling yourself to my online one-on-one masterclass. For four straight hours, I’ll teach you my entire stock investment strategy so you’ll know how I preserve my capital, protect gains, and prevent unbearable losses.
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AC
Dominant Range Index: BEARISH
Last Price: 585.00
Dominant Range: 585.00 – 590.00
VWAP: 589.04
Market Sentiment Index: BULLISH
55 of the 74 participating brokers, or 74.32% of all participants, registered a positive Net Amount
52 of the 74 participating brokers, or 70.27% of all participants, registered a higher Buying Average than Selling Average
74 Participating Brokers’ Buying Average: ₱589.33555
74 Participating Brokers’ Selling Average: ₱590.43126
41 out of 74 participants, or 55.41% of all participants, registered a 100% BUYING activity
3 out of 74 participants, or 4.05% of all participants, registered a 100% SELLING activity
ACEN
Dominant Range Index: BEARISH
Last Price: 3.10
Dominant Range: 3.10 – 3.10
VWAP: 3.23
Market Sentiment Index: BULLISH
35 of the 60 participating brokers, or 58.33% of all participants, registered a positive Net Amount
33 of the 60 participating brokers, or 55.00% of all participants, registered a higher Buying Average than Selling Average
60 Participating Brokers’ Buying Average: ₱3.22233
60 Participating Brokers’ Selling Average: ₱3.24951
22 out of 60 participants, or 36.67% of all participants, registered a 100% BUYING activity
8 out of 60 participants, or 13.33% of all participants, registered a 100% SELLING activity
AEV
Dominant Range Index: BEARISH
Last Price: 39.00
Dominant Range: 39.00 – 39.00
VWAP: 39.00
Market Sentiment Index: BEARISH
21 of the 46 participating brokers, or 45.65% of all participants, registered a positive Net Amount
23 of the 46 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
46 Participating Brokers’ Buying Average: ₱38.96051
46 Participating Brokers’ Selling Average: ₱38.99760
14 out of 46 participants, or 30.43% of all participants, registered a 100% BUYING activity
14 out of 46 participants, or 30.43% of all participants, registered a 100% SELLING activity
AGI
Dominant Range Index: BEARISH
Last Price: 9.50
Dominant Range: 9.50 – 9.52
VWAP: 9.59
Market Sentiment Index: BEARISH
14 of the 28 participating brokers, or 50.00% of all participants, registered a positive Net Amount
11 of the 28 participating brokers, or 39.29% of all participants, registered a higher Buying Average than Selling Average
28 Participating Brokers’ Buying Average: ₱9.58696
28 Participating Brokers’ Selling Average: ₱9.64564
7 out of 28 participants, or 25.00% of all participants, registered a 100% BUYING activity
5 out of 28 participants, or 17.86% of all participants, registered a 100% SELLING activity
ALI
Dominant Range Index: BEARISH
Last Price: 27.20
Dominant Range: 27.00 – 27.20
VWAP: 27.20
Market Sentiment Index: BULLISH
58 of the 80 participating brokers, or 72.50% of all participants, registered a positive Net Amount
47 of the 80 participating brokers, or 58.75% of all participants, registered a higher Buying Average than Selling Average
80 Participating Brokers’ Buying Average: ₱27.18286
80 Participating Brokers’ Selling Average: ₱27.32253
31 out of 80 participants, or 38.75% of all participants, registered a 100% BUYING activity
4 out of 80 participants, or 5.00% of all participants, registered a 100% SELLING activity
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