Boulevard Holdings Technical Analysis
Boulevard Holdings, Inc. (PSE:BHI) is the only stock with an above-zero Day Change among the top 30 traded stocks as of closing on March 15, 2021. BHI closed today at ₱0.085, up by 14.86 percent, with a total turnover value of ₱164 million.
Foreign investors do not have significant participation in trading BHI. Today, they printed a net foreign selling worth ₱4 million. When I am filling in my watchlist, it’s a bonus criterion if the stock is heavily traded by foreign investors, too. Yes, I’ll also teach you how to select stocks for your watchlist in the pre-recorded video of my Evergreen Strategy 2.0 when you subscribe to Equilyst Analytics’ stock market consultancy service. The ₱5,000.00 discount is extended until March 19, 2021.
BHI’s immediate support is near ₱0.0725, and the immediate resistance is near ₱0.093. If and when it breaks above the resistance, I’ll be plotting an Up Fibonacci to identify its psychological resistance. I do not want to stretch my daily chart to the extreme left to find a historical resistance.
BHI has been registering impressive daily volumes this March 2021. Why did I say that? I see lots of daily volumes that are above 100 percent of BHI’s 10-day volume average on those days. An impressive volume supports today’s price hike.
Also, MACD continues to show a bullish divergence from the signal line. That’s a sign of a strong upward momentum as far as the MACD’s histogram is concerned. The DMI’s histogram seconds the motion.
On the other hand, the 10-day historical volatility of BHI suggests that this stock already has an extremely high sensitivity level due to the engulfing candlesticks it registered, particularly this March 2021. This means that the erraticity or price fluctuation of BHI is not suitable for beginners at this moment.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱0.085
Intraday Low: ₱0.0760
Intraday High: ₱0.0930
VWAP: ₱0.0841
Dominant Range: ₱0.08 – ₱0.09
Market Sentiment Index EOD – March 15, 2021
Market Sentiment Index: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.0842
Top 10 Players’ Selling Average: ₱0.0842
3 out of 61 participants, or 4.92% of all participants, registered a 100% BUYING activity
10 out of 61 participants, or 16.39% of all participants, registered a 100% SELLING activity
Market Sentiment Index MTD – March 1-15, 2021
Market Sentiment Index: NEUTRAL
5 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: ₱0.0777
Top 10 Players’ Selling Average: ₱0.0787
0 out of 89 participants, or 0.00% of all participants, registered a 100% BUYING activity
11 out of 89 participants, or 12.36% of all participants, registered a 100% SELLING activity
Recommendations
BHI has a confirmed buy signal because it passed all 5 critical questions when looking for a confirmed buy signal using my Evergreen Strategy 2.0. However, I’d give this confirmed buy signal for those who already have a position on BHI and not for those who are yet to do a test-buy.
Why?
It’s because the average Market Sentiment Index of the two timeframes is neutral. It’s a fair warning of looming profit-taking near the historical resistance. Besides, the last price is already past the median of immediate support and resistance. The reward-to-risk ratio is no longer attractive enough at this moment insofar as the last price, immediate support, and resistance are concerned.
If your trailing stop remains intact, you may top up within the dominant range if you’re a high-risk trader or investor. Otherwise, hold your position.
If you’re yet to enter a new position, consider your reward-to-risk ratio and this stock’s sensitivity level. The extremely high sensitivity level of BHI makes its price action a lot less predictable.
You can use my trading calculators. You’ll find them in the TOOLS tab of the LIBRARY page of Equilyst Analytics’ website.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
my financial guru with a big heart
For me, Mr. Jaycee De Guzman is my financial guru with a big heart. I have been a follower years back but only this time I decided to pursue my goals to financial freedom
He has very good analytical skills
He has very good analytical skills
I trust this guy with his analysis.
I trust this guy with his analysis.
Awesome
Awesome
hi analysis has more depth, more substance
He is quite different from the others. His analysis has more depth, more substance but yet difficult to comprehend for us newbies. I want to join this group to better understand and follow his teaching.
Very competent!
Very competent!
greatly technical
I feel that his analysis is greatly technical that I (newbie) always re-read it to understand it more.
unique compare to other mentors
He is unique compare to other mentor, his knowledge in technical are tested and gained thru his experience in trading, some of his advise have a basis while other mentor will pull you into their trap and take advantage of others..
thank you Mr. Jaycee for sharing your skills.
thank you Mr. Jaycee for sharing your skills.
Very informative page
Very informative page
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
