Acesite Hotel Corp Analysis: Buy Near ₱1.23?

Acesite (Phils.) Hotel Corp. (PSE:ACE) closed at ₱1.34 per share as of 03:30 PM GMT+8 on January 8, 2020. It went down by 0.74 percent.

The Total Turnover Value was ₱299,140.00. The local traders were the main drivers of Acesite (Phils.) Hotel Corp. today.

Foreign investors did not trade ACE today.

The immediate support is near ₱1.23, while the immediate resistance is near ₱1.59.

Our 10SMACD combo is bearish.

ACE’s risk level is high due to its historical volatility score of 90.73 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 1.34
VWAP: ₱1.34143
Dominant Range: ₱1.34 – ₱1.34

The Momentum Power Indicator of Acesite (Phils.) Hotel Corp. is bearish because all 4 elements are bearish.

True Market Sentiment – EOD

True Market Sentiment on ACE as of Jan-08-2020 at 03:30PM with a last price of ₱1.340
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.3410
Top 10 Players’ Selling Average: ₱1.3414
Bonus Info:
6 out of 7 participants or 85.71% of all participants registered a 100% BUYING activity
0 out of 7 participants or 0.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Acesite (Phils.) Hotel Corp. in your portfolio already?

If your trailing stop is still intact, we highly recommend that you reduce the percentage of risk on your trailing stop immediately. The downtrend is more than likely to continue since both 10SMACD and Momentum Power Indicator are bearish. Don’t just hold your position, but reduce your percentage risk. You can use our trailing stop calculator.

You don’t have Acesite (Phils.) Hotel Corp. yet but are you planning to enter a new position?

We do not recommend doing a test-buy on ACE until its 10SMACD combo and Momentum Power Indicator become bullish. Even if it’s a bullish True Market Sentiment today, the number of participants is relatively small.

Please ask for our latest analysis and recommendation on ACE in our Private Clients Forum when you see a significant change on 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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