I’m sharing with you the Market Sentiment Index rating and dominant prices for BDO, BLOOM, BPI, CNPF, and CNVRG as of April 16, 2024.
Understanding Market Sentiment
The Market Sentiment Index indicator discussed in this report is my proprietary creation, and I am the sole authority on its methodology for determining bearish and bullish ratings, as well as the specific criteria it considers.
The market sentiment helps me estimate if the prevailing direction of the share price is likely to continue or reverse.
For example, if the stock is in a downtrend and the prevailing market sentiment is bearish, it means the downtrend is likely to continue.
If the stock is in a downtrend, but the market sentiment turns bullish, it’s a sign that investors might see a bullish reversal.
Again, and again, notice the adverbs I’m using – “likely” and “might”. We’re still talking about probabilities and not certainties.
Still, it’s better to be data-driven and be proven wrong by the market than make decisions based on gut feeling alone. The former gives you the opportunity to optimize something while the latter doesn’t.
Understanding Dominant Prices
Imagine you’re on the verge of buying the stock. If the dominant prices are closer to the intraday low than the intraday high, will you rush into buying, or will you wait a bit longer because the price is likely to continue moving downward?
Now, consider you’re about to realize your gains, even though your trailing stop is still in place. If the dominant prices are closer to the intraday high than the intraday low, will you rush into selling, or will you wait a bit longer because the price is likely to continue moving upward?
Picture this: it’s been 60 minutes since the opening bell. If the current price is at the intraday high itself, but the dominant prices include the intraday low, wouldn’t that make you question the sustainability of the intraday bullishness?
This brief explanation of how market sentiment and dominant prices work cannot paint the entire picture. You can only appreciate it fully if you understand the principles behind it. Consider enrolling yourself to my online one-on-one masterclass. For four straight hours, I’ll teach you my entire stock investment strategy so you’ll know how I preserve my capital, protect gains, and prevent unbearable losses.
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BDO
Dominant Range Index: BEARISH
Last Price: 146.40
Dominant Range: 145.60 – 146.40
VWAP: 146.03
Market Sentiment Index: BULLISH
30 of the 45 participating brokers, or 66.67% of all participants, registered a positive Net Amount
27 of the 45 participating brokers, or 60.00% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱145.93458
45 Participating Brokers’ Selling Average: ₱146.01255
19 out of 45 participants, or 42.22% of all participants, registered a 100% BUYING activity
4 out of 45 participants, or 8.89% of all participants, registered a 100% SELLING activity
BLOOM
Dominant Range Index: BEARISH
Last Price: 10.00
Dominant Range: 10.00 – 10.00
VWAP: 10.18
Market Sentiment Index: BULLISH
34 of the 45 participating brokers, or 75.56% of all participants, registered a positive Net Amount
27 of the 45 participating brokers, or 60.00% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱10.15661
45 Participating Brokers’ Selling Average: ₱10.18486
23 out of 45 participants, or 51.11% of all participants, registered a 100% BUYING activity
5 out of 45 participants, or 11.11% of all participants, registered a 100% SELLING activity
BPI
Dominant Range Index: BULLISH
Last Price: 115.50
Dominant Range: 115.00 – 115.50
VWAP: 115.21
Market Sentiment Index: BULLISH
21 of the 35 participating brokers, or 60.00% of all participants, registered a positive Net Amount
19 of the 35 participating brokers, or 54.29% of all participants, registered a higher Buying Average than Selling Average
35 Participating Brokers’ Buying Average: ₱115.07702
35 Participating Brokers’ Selling Average: ₱115.23681
13 out of 35 participants, or 37.14% of all participants, registered a 100% BUYING activity
6 out of 35 participants, or 17.14% of all participants, registered a 100% SELLING activity
CNPF
Dominant Range Index: BEARISH
Last Price: 36.00
Dominant Range: 35.90 – 36.25
VWAP: 36.01
Market Sentiment Index: BEARISH
11 of the 26 participating brokers, or 42.31% of all participants, registered a positive Net Amount
10 of the 26 participating brokers, or 38.46% of all participants, registered a higher Buying Average than Selling Average
26 Participating Brokers’ Buying Average: ₱36.07256
26 Participating Brokers’ Selling Average: ₱36.06583
8 out of 26 participants, or 30.77% of all participants, registered a 100% BUYING activity
9 out of 26 participants, or 34.62% of all participants, registered a 100% SELLING activity
CNVRG
Dominant Range Index: BULLISH
Last Price: 9.00
Dominant Range: 9.00 – 9.13
VWAP: 8.97
Market Sentiment Index: BEARISH
21 of the 43 participating brokers, or 48.84% of all participants, registered a positive Net Amount
19 of the 43 participating brokers, or 44.19% of all participants, registered a higher Buying Average than Selling Average
43 Participating Brokers’ Buying Average: ₱8.97938
43 Participating Brokers’ Selling Average: ₱9.02648
13 out of 43 participants, or 30.23% of all participants, registered a 100% BUYING activity
10 out of 43 participants, or 23.26% of all participants, registered a 100% SELLING activity
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