APC Technical Analysis
APC Group, Inc. (APC) is currently trading at 0.75 per share, up by 5.63 percent, as of 1:58PM GMT+8 of September 23, 2019. The total turnover value has already reached P54 million. Local traders are the key price-drivers today.
Foreign investors have registered a Net Foreign Selling worth P4.3 million as of the time of writing this analysis. Year-to-date, they remain as net sellers. However, that’s something you should not be concerned about since the foreign fundies only have a relatively slim participation in trading APC. Focus on what the local traders do on this stock instead.
The immediate support is at 0.63 while the immediate resistance is at 0.77. Once it breaks above 0.77, it’ll make 0.90 as its next resistance level.
My 10SMACD combo remains valid. I also like the perfect bullish alignment of the three simple moving averages I’m using (10, 50, 200).
On the other hand, know that this stock has an extremely high risk level due to its historical volatility score of 107 percent. In my words, this is not a newbie-friendly stock.
The upward momentum is confirmed very strong based on my observation on its DMI and ADX lines.
Trade-Volume Distribution
Last Price: 0.75
VWAP: 0.753958548
Most Traded: 0.77 – 0.76
Most Voluminous: 0.76 – 0.75
All four components of my Momentum Power Indicator are bullish. Therefore, my entire Momentum Power Indicator is bullish. In layman’s terms, I say that the upward direction of the price is more likely to continue as far as the prevailing data is concerned.
Take note that not because the uptrend is more likely to continue based on this data-driven analysis, don’t take it as a literal signal for you to enter a new position right away. Remember that you must calculate your reward-to-risk ratio first relative to the position of the last price and the immediate support and resistance levels.
Once the technical buy signals are present and when you are satisfied with your reward-to-risk ratio, that’s the logical time for you to do a test-buy within the dominant range.
Let me repeat – within the dominant range. Do not imitate those who only rely to a Buy Below Price. They just buy at any price below their so-called Buy Below Price. The chances of being able to buy at a relatively cheaper price is higher when you know how to find and why you should find the dominant range instead of just doing the mini-mini-mini-mo strategy in buying.
If you attended the Evergreen Strategy in Trading and Investing in the Philippine Stock Market seminar, you know how funny it is to just rely on the Buy Below Price system.
True Market Sentiment
True Market Sentiment of APC as of Sep-23-2019 at 01:57PM, with a last price of 0.7500.
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: NEUTRAL
Top 10 Players’ Buying Average: 0.7534
Top 10 Players’ Selling Average: 0.7514
Bonus Info:
6 out of 56 participants or 10.71% of all participants registered a 100% BUYING activity
12 out of 56 participants or 21.43% of all participants registered a 100% SELLING activity
The neutral true market sentiment indicates that today’s traders are taking it easy. They are not getting hyped up by the ascent in price.
Recommendations
If you already have a position in APC and you’d like to top up, you can do so within the dominant range only. If you are a subscriber of Equilyst Analytics, I strongly advise that you ask me and my team in our Private Clients Forum (not on Facebook) for APC’s latest Trade-Volume Distribution and True Market Sentiment charts so we can update you if the bullish sentiment is still intact.
If you don’t have APC and you’re planning to enter a new position, you must calculate your reward-to-risk ratio first. It’s not enough the technical buy signals are present. You must know if the animal you’re hunting (potential reward) is a lot bigger than the animal that’s hunting you (potential risk).
Finally, do not forget to do an upward adjustment on your trailing stop loss every time the stock registers a higher price.
So whether or not APC will break above 0.77, you should not be risking more than what you can only realistically handle because you have a trailing stop loss.
If you think this is a comprehensive free analysis, think about how much more you’ll get when you subscribe to Equilyst Analytics.
Do you find this freemium analysis helpful? Please let me know in the comments below.
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
