Bloomberry Resorts Corporation Analysis: Ready for a Test-Buy?

Bloomberry Resorts Corporation (PSE:BLOOM) closed at ₱4.59 per share as of 03:30 PM GMT+8 on March 20, 2020. It went up by 5.28 percent.

The Total Turnover Value was ₱19,657,580.00. The foreign traders were the main drivers of Bloomberry Resorts Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱2,709,260.00. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.

The immediate support is near ₱3.10, while the immediate resistance is near ₱7.35.

Our 10SMACD combo is bearish.

BLOOM’s risk level is extremely high due to its historical volatility score of 168.25 percent.

Trade-Volume Distribution

Last Price: ₱ 4.59
VWAP: ₱4.50552
Dominant Range: ₱4.49 – ₱4.52

The Momentum Power Indicator of Bloomberry Resorts Corporation is bearish.

True Market Sentiment

True Market Sentiment on BLOOM as of Mar-20-2020 at 03:30PM with a last price of ₱4.59
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱4.5081
Top 10 Players’ Selling Average: ₱4.5546
Bonus Info:
8 out of 30 participants or 26.67% of all participants registered a 100% BUYING activity
10 out of 30 participants or 33.33% of all participants registered a 100% SELLING activity

Recommendations

Do you have Bloomberry Resorts Corporation in your portfolio already?

There’s no buy signal confirmation for BLOOM 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 Bloomberry Resorts Corporation yet but are you planning to do a test-buy?

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

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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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