Alliance Global Group, Inc. (AGI) Technical Analysis
Alliance Global Group, Inc. (AGI) went up by 1.11 percent and closed at ₱10.90 per share as of February 11, 2021, the last trading day of the week. The total turnover value hit almost ₱633 million, with the local traders and investors as the main drivers of today’s price action.
The smart-money (foreign investors) registered a net foreign selling worth ₱119 million today. AGI is on a net foreign selling status year-to-date. Today’s the biggest one-day net foreign selling this year so far. Surprisingly, the market price went up despite the relatively sizable net foreign selling today.
AGI is on the brink of breaking the resistance near ₱11.05 while the immediate support waits near ₱10.00. The next resistance level is near ₱12.00 as a precursor to ₱13.26.
As you can see on the parallel channel drawn on the daily chart of AGI, the last price is still within the uptrend channel. Despite this northbound movement of AGI, its risk level remains low due to its 10-day historical volatility score below 50 percent.
On the other hand, the upward momentum is still not confirmed very strong within the past 14-trading day period because of the short-term downtrend that happened from the third week of December 2020 until the last week of January 2021. The +DMI already hovers the -DMI. I am waiting for the ADX to touch the 25-point mark to say that AGI’s upward momentum is already very strong.
Trade-Volume Distribution Analysis
Last Price: ₱10.90
Intraday Low: ₱10.6000
Intraday High: ₱11.0800
VWAP: ₱10.9171
Dominant Range: ₱10.90 – ₱11.00
Even though AGI’s 10SMACD combo is bullish, its Momentum Power Indicator is bearish due to its volume-weighted average price that’s higher than the closing price. This is a sign of a potential profit-taking activity that may happen near the resistance at ₱11.05. Eyes on your trailing stop.
The average True Market Sentiment across three timeframes is also bearish. It’s seconding the motion to the imminent profit-taking near the resistance. This is subject to change, however.
True Market Sentiment EOD – February 11, 2021
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: ₱10.9169
Top 10 Players’ Selling Average: ₱10.9325
4 out of 54 participants, or 7.41% of all participants, registered a 100% BUYING activity
26 out of 54 participants, or 48.15% of all participants, registered a 100% SELLING activity
True Market Sentiment WTD – February 8-11, 2021
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: ₱10.8187
Top 10 Players’ Selling Average: ₱10.8302
5 out of 78 participants, or 6.41% of all participants, registered a 100% BUYING activity
36 out of 78 participants, or 46.15% of all participants, registered a 100% SELLING activity
True Market Sentiment MTD – February 1-11, 2021
True Market Sentiment: BEARISH
4 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: ₱10.5846
Top 10 Players’ Selling Average: ₱10.6574
5 out of 84 participants, or 5.95% of all participants, registered a 100% BUYING activity
36 out of 84 participants, or 42.86% of all participants, registered a 100% SELLING activity
Recommendations
Are you planning to enter a new position on AGI? Wait some more. Wait for the 10SMACD and Momentum Power Indicator to become bullish. What if the Momentum Power Indicator became bullish today? Suppose that happened, I still don’t think that you’ll find the reward-to-risk ratio attractive because the last price is closer to the resistance than the support level already. Might as well wait for a breakout and re-assess the presence of a confirmed buy signal after that.
Do you already have a base, and you’re planning to top up? Hold your position for now. There’s no confirmed buy signal. Let’s see if the trend will bounce away or continue past the resistance at ₱11.05. If and when that happens, we might see a confirmed buy signal. You don’t have to stress yourself out! You already have a base, remember?
Whatever your case is, always refer to our Investment Guide for Long-term Investors table if you’re monitoring AGI because it’s part of our investment guide for long-term investing. We update that table twice a day. If you need the update earlier than our scheduled twice-a-day updating, feel free to ask for it in our Private Clients Forum inside the Long-term Investing section.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
Money's worth is clear as well as the direction and gravity of the guidance extended.
it is used in a manner as to solicit yet help, yes you subscribe but it is only for an understandable reason which would partly be Sustainability. Money’s worth is clear as well as the direction and gravity of the guidance extended
I seem to understand he has a Systematic Way of Doing Trading which I believe he could share and is currently sharing
Mr. De Guzman and his experience speaks a lot about how he shows sample of what he meant by Systematic way of Trading. The basis by which forecast and guidance are made are duly substantiated not just by theory but by numbers and graphs
His Evergreen strategy. Based on data not feelings.
His Evergreen strategy. Based on data not feelings.Good value. I’m a member.
simple and clear to understand
simple and clear to understand..
ok for everyone busy for there jobs..
Mr de Guzman way of TA, is very formula based
Mr de Guzman way of TA, is very formula based… data is gathered and computed, then compared to pre set parameters. Each parameter will determine course of action or no action.
The subscription gives us daily 10 short term reports and all 30 blue chips stock reports, according to equilyst formula. While sometimes I find the 10 stock picks short, we can always ask for info on particular stock we are looking at.
Comprehensive and informative
Comprehensive and informative
Straight to the point
Straight to the point…
the best way of analyzing the stock market
Is the best way of analyzing the stock market
One of the best mentor.He wants to produce quality trader.
See video Market Charting Episode 19.The indicators are very helpful,i use it when screening stocks.Indeed just like the losses was unlikely to happen with this kind of chart tools.I always recommend Equilyst Analytics whenever in my fb group are looking for mentors.
it’s easy to understand how he explain the analysis
For me it’s easy to understand how he explain the analysis. And just wanna learn and study more since i’m new to trade stock market
He backs it up with good reasoning
He backs it up with good reasoning
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
