Alliance Select Foods Int'l Analysis: Buy on Breakout Above ₱0.65?

Alliance Select Foods Int’l (PSE:FOOD) closed at ₱0.61 per share as of 03:30 PM GMT+8 on February 12, 2020. It went up by 1.67 percent.

The Total Turnover Value was ₱778,270.00. The local traders were the main drivers of Alliance Select Foods Int’l today.

Foreign investors registered a ₱0.00 Net Foreign today. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.

The immediate support is near ₱0.50, while the immediate resistance is near ₱0.65.

Our 10SMACD combo is bullish.

FOOD’s risk level is high due to its historical volatility score of 92.42 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 0.61
VWAP: ₱0.60425
Dominant Range: ₱0.60 – ₱0.61

The Momentum Power Indicator of Alliance Select Foods Int’l is bearish.

True Market Sentiment – EOD

True Market Sentiment on FOOD as of Feb-12-2020 at 03:30PM with a last price of ₱0.61
True Market Sentiment: BEARISH
1 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: ₱0.6065
Top 10 Players’ Selling Average: ₱0.6026
Bonus Info:
1 out of 8 participants or 12.50% of all participants registered a 100% BUYING activity
4 out of 8 participants or 50.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Alliance Select Foods Int’l in your portfolio already?

There’s no buy signal confirmation for FOOD 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 Select Foods Int’l yet but are you planning to do a test-buy?

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

Watch our online stock market course, The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how to spot confirmed buy signals on any stock.

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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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