AC Energy Philippines, Inc. (PSE:ACEPH) is priced at ₱2.74 per share as of 03:30 PM GMT+8 on November 12, 2019. It is up by 2.62 percent.
The Total Turnover Value is at ₱35,058,400.00. The local traders are the main drivers of ACEPH today.
Foreign investors registered a Net Foreign Selling worth ₱1,565,740.00. They are net sellers year-to-date.
The immediate support is near ₱2.70, while the immediate resistance is near ₱3.00.
My 10SMACD combo is bearish.
ACEPH’s risk level is low due to its historical volatility score of 37.23 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 2.74
VWAP: ₱2.72913
DominantRange: ₱2.74 – ₱2.77
The Momentum Power Indicator of ACEPH is bullish because all 4 of 4 elements are bullish.
It’s more than likely for the price to either move sideways or go down because it’s only the Momentum Power Indicator that’s bullish, but the 10SMACD is still bearish.
True Market Sentiment – EOD
True Market Sentiment on ACEPH as of Nov-12-2019 at 03:30PM, with a last price of ₱2.740
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.7168
Top 10 Players’ Selling Average: ₱2.7378
Bonus Info:
8 out of 51 participants or 15.69% of all participants registered a 100% BUYING activity
21 out of 51 participants or 41.18% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on ACEPH from Nov-11-2019 to Nov-12-2019 at 03:30PM, with a last price of ₱ 2.740
True Market Sentiment: BEARISH
5 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: ₱2.6717
Top 10 Players’ Selling Average: ₱2.7075
Bonus Info:
6 out of 54 participants or 11.11% of all participants registered a 100% BUYING activity
18 out of 54 participants or 33.33% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on ACEPH from Nov-04-2019 to Nov-11-2019 at 03:30PM, with a last price of ₱ 2.740
True Market Sentiment: NEUTRAL
5 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: ₱2.6992
Top 10 Players’ Selling Average: ₱2.7060
Bonus Info:
13 out of 75 participants or 17.33% of all participants registered a 100% BUYING activity
11 out of 75 participants or 14.67% of all participants registered a 100% SELLING activity
Recommendations
Our Evergreen Strategy is telling us that we still don’t have a confirmed buy signal to top-up or to enter a new position. Both 10SMACD and Momentum Power Indicator must be bullish for us to have a confirmed buy signal.
If you currently have a position in ACEPH, I hope it’s because your trailing stop has not been hit yet. Otherwise, there’s no logical reason why you should continue holding a stock that’s no longer trading above your tolerable risk. Remember that your trailing stop will help you preserve your capital, protect your gain, and prevent unbearable losses. So, hold your position for now; don’t top up yet.
If you’re planning to enter a new position, continue monitoring for now, but don’t hurry. You don’t want to have a more painful than profitable experience trading ACEPH. As soon as both 10SMACD and Momentum Power Indicator are bullish, calculate your reward-to-risk ratio. If you’re satisfied with the ratio, that’s when you should position within the dominant range.
It’s all the more that you should be careful in your decisions since none of the end-of-day, week-to-date, and month-to-date True Market Sentiments is bullish.
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Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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