Alliance Global Group Analysis: Buy Near ₱6.00 or Wait Near ₱4.00?

Alliance Global Group, Inc. (PSE:AGI) closed at ₱6.23 per share as of 03:30 PM GMT+8 on March 20, 2020. It went up by 9.49 percent.

The Total Turnover Value was ₱49,434,754.00. The local traders were the main drivers of Alliance Global Group, Inc. today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱14,273,322.00. Foreign fundies are net buyers year-to-date.

The immediate support is near ₱6.00, while the immediate resistance is near ₱8.50.

Our 10SMACD combo is bearish.

AGI’s risk level is extremely high due to its historical volatility score of 214.06 percent.

Trade-Volume Distribution

Last Price: ₱ 6.23
VWAP: ₱5.99398
Dominant Range: ₱6.23 – ₱6.23

The Momentum Power Indicator of Alliance Global Group, Inc. is bearish.

True Market Sentiment

True Market Sentiment on AGI as of Mar-20-2020 at 03:30PM with a last price of ₱6.23
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱5.9609
Top 10 Players’ Selling Average: ₱5.9560
Bonus Info:
10 out of 46 participants or 21.74% of all participants registered a 100% BUYING activity
11 out of 46 participants or 23.91% of all participants registered a 100% SELLING activity

Recommendations

Do you have Alliance Global Group, Inc. in your portfolio already?

There’s no buy signal confirmation for AGI yet. Even though the last volume bar is green, today’s volume is less than the 50 percent of the stock’s 10-day volume average. You may want to reduce the percentage of risk on your trailing stop, at least.

You don’t have Alliance Global Group, Inc. yet but are you planning to do a test-buy?

There’s no buy signal confirmation for AGI yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on AGI.

Would you like to level up as a stock trader and investor in the Philippine Stock Market? Try the best stock market subscription service in the Philippines.

Author
Recent Posts

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.

Latest posts by Jaycee De Guzman (see all)