Belle Corporation (PSE:BEL) closed at ₱1.7 per share as of 03:30 PM GMT+8 on January 24, 2020. It went up by 3.66 percent.
The Total Turnover Value was ₱3,993,290.00. The local traders were the main drivers of Belle Corporation today.
Foreign investors registered a Net Foreign Selling worth ₱386,290.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱1.64, while the immediate resistance is near ₱1.96.
Our 10SMACD combo is bearish.
BEL’s risk level is low due to its historical volatility score of 49.33 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 1.7
VWAP: ₱1.6828
Dominant Range: ₱1.64 – ₱1.7
The Momentum Power Indicator of Belle Corporation is bullish.
True Market Sentiment – EOD
True Market Sentiment on BEL as of Jan-24-2020 at 03:30PM with a last price of ₱1.70
True Market Sentiment: BULLISH
7 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.6778
Top 10 Players’ Selling Average: ₱1.6783
Bonus Info:
10 out of 21 participants or 47.62% of all participants registered a 100% BUYING activity
2 out of 21 participants or 9.52% of all participants registered a 100% SELLING activity
Recommendations
Do you have Belle Corporation in your portfolio already?
Please calculate your trailing stop using this calculator. Perhaps, you should have already cut your losses a long time ago. On the other hand, under the assumption that your trailing stop is still intact, we recommend that you hold your position and do not top up yet. While the Momentum Power Indicator is bullish, the 10SMACD is still bearish. Both must be bullish for BEL to have a buy signal confirmation.
You don’t have Belle Corporation yet but are you planning to enter a new position?
Do not do a test-buy yet until both 10SMACD and Momentum Power Indicator are bullish.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of BEL in our Private Clients Forum when you see a significant change in its price or volume.
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