8 Bluechips with Strong Buy Rating by First Metro Securities

How to Find the Consensus Corner of First Metro Securities

First Metro Securities rates stocks from 1 to 5. A rating of 1 means sell, 2 means reduce, 3 means hold, 4 means add, and 5 means buy.

Here’s how you’ll find the Consensus Rating section:
1. Log in to your FirstMetroSec PRO account.
2. Click STATS.
3. Click ANALYTICS.
4. Click CONSENSUS.
5. On the upper right-hand corner, select the group or industry of stocks you’d like to check.

Unfortunately, First Metro Securities does not define its basis or bases for its consensus rating for every stock.

8 Bluechips With a 5.0 Consensus Rating by First Metro Securities

A consensus rating of 5.0 is a strong buy recommendation.

I’ve filtered all 30 Philippine bluechips to see how many have a perfect 5.0 consensus rating. Here are the eight (8) bluechips with a 5.0 consensus rating:

Ayala Corporation (AC)
ACEN Corporation (ACEN)
Alliance Global Group (AGI)
Ayala Land (ALI)
Aboitiz Power Corporation (AP)
Puregold Price Club (PGOLD)
SM Investments Corporation (SM)
SM Prime Holdings (SMPH)

Market Sentiment Rating for August 2023 of the 8 Bluechips

How do you gauge the market sentiment?

By running a survey or observing discussions on stock market-related Facebook Groups?

But how do you verify the integrity or objectivity of their comments? That’s the problem!

Occasionally, I run surveys on Facebook Groups, but not to check the market sentiment but to ask them which stock they’d like me to write about in my next article. That way, I maintain the objectivity of my stock selection process as far as when deciding which stock to feature in my articles.

I check the overall market sentiment rating of a stock to help me decide whether I should hold my position since my trailing stop is still intact or pre-empt it.

The market sentiment also 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.

I have an extensive explanation about why I created my proprietary Market Sentiment Index indicator in some articles on my website. Use the SEARCH box on this website and type “Market Sentiment” to read my other articles where I talked about this subject.

As a bonus, I’ll show you the overall market sentiment index rating of these 8 bluechips based on my proprietary Market Sentiment Index indicator based on trades from August 1, 2023 to August 31, 2023.

Ayala Corporation (AC)

Market Sentiment Index: BEARISH
63 of the 93 participating brokers, or 67.74% of all participants, registered a positive Net Amount
35 of the 93 participating brokers, or 37.63% of all participants, registered a higher Buying Average than Selling Average
93 Participating Brokers’ Buying Average: ₱604.75734
93 Participating Brokers’ Selling Average: ₱610.01969
15 out of 93 participants, or 16.13% of all participants, registered a 100% BUYING activity
2 out of 93 participants, or 2.15% of all participants, registered a 100% SELLING activity

ACEN Corporation (ACEN)

Market Sentiment Index: BEARISH
62 of the 102 participating brokers, or 60.78% of all participants, registered a positive Net Amount
34 of the 102 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
102 Participating Brokers’ Buying Average: ₱5.16546
102 Participating Brokers’ Selling Average: ₱5.22466
13 out of 102 participants, or 12.75% of all participants, registered a 100% BUYING activity
5 out of 102 participants, or 4.90% of all participants, registered a 100% SELLING activity

Alliance Global Group (AGI)

Market Sentiment Index: BEARISH
23 of the 68 participating brokers, or 33.82% of all participants, registered a positive Net Amount
21 of the 68 participating brokers, or 30.88% of all participants, registered a higher Buying Average than Selling Average
68 Participating Brokers’ Buying Average: ₱12.29622
68 Participating Brokers’ Selling Average: ₱12.48839
7 out of 68 participants, or 10.29% of all participants, registered a 100% BUYING activity
11 out of 68 participants, or 16.18% of all participants, registered a 100% SELLING activity

Ayala Land (ALI)

Market Sentiment Index: BEARISH
16 of the 106 participating brokers, or 15.09% of all participants, registered a positive Net Amount
22 of the 106 participating brokers, or 20.75% of all participants, registered a higher Buying Average than Selling Average
106 Participating Brokers’ Buying Average: ₱28.44797
106 Participating Brokers’ Selling Average: ₱28.95469
1 out of 106 participants, or 0.94% of all participants, registered a 100% BUYING activity
23 out of 106 participants, or 21.70% of all participants, registered a 100% SELLING activity

Aboitiz Power Corporation (AP)

Market Sentiment Index: BEARISH
37 of the 73 participating brokers, or 50.68% of all participants, registered a positive Net Amount
30 of the 73 participating brokers, or 41.10% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱35.24320
73 Participating Brokers’ Selling Average: ₱35.38793
13 out of 73 participants, or 17.81% of all participants, registered a 100% BUYING activity
8 out of 73 participants, or 10.96% of all participants, registered a 100% SELLING activity

Puregold Price Club (PGOLD)

Market Sentiment Index: BULLISH
55 of the 78 participating brokers, or 70.51% of all participants, registered a positive Net Amount
47 of the 78 participating brokers, or 60.26% of all participants, registered a higher Buying Average than Selling Average
78 Participating Brokers’ Buying Average: ₱27.89643
78 Participating Brokers’ Selling Average: ₱27.97489
30 out of 78 participants, or 38.46% of all participants, registered a 100% BUYING activity
3 out of 78 participants, or 3.85% of all participants, registered a 100% SELLING activity

SM Investments Corporation (SM)

Market Sentiment Index: BULLISH
69 of the 88 participating brokers, or 78.41% of all participants, registered a positive Net Amount
49 of the 88 participating brokers, or 55.68% of all participants, registered a higher Buying Average than Selling Average
88 Participating Brokers’ Buying Average: ₱862.75127
88 Participating Brokers’ Selling Average: ₱866.66614
20 out of 88 participants, or 22.73% of all participants, registered a 100% BUYING activity
1 out of 88 participants, or 1.14% of all participants, registered a 100% SELLING activity

SM Prime Holdings (SMPH)

Market Sentiment Index: BEARISH
77 of the 95 participating brokers, or 81.05% of all participants, registered a positive Net Amount
42 of the 95 participating brokers, or 44.21% of all participants, registered a higher Buying Average than Selling Average
95 Participating Brokers’ Buying Average: ₱30.85457
95 Participating Brokers’ Selling Average: ₱31.17300
18 out of 95 participants, or 18.95% of all participants, registered a 100% BUYING activity
2 out of 95 participants, or 2.11% of all participants, registered a 100% SELLING activity

Dominant Price Range of the 8 Bluechips as of Market Closing on September 1, 2023

The dominant price range is either a standalone price or a range of prices with the highest volume and the greatest number of trades.

Let me respond to that question with more questions.

Imagine you’re on the verge of buying the stock. If the dominant price range is 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 price range is 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 price range includes the intraday low, wouldn’t that make you question the sustainability of the intraday bullishness?

I’ve only presented you with three scenarios where understanding the location of the dominant price range is useful in decision-making. There’s a lot more we can discuss in my stock investment consultancy service. Learn about the requirements here.

Here’s the individual dominant price ranges of the 8 PSE bluechips as of market closing on September 1, 2023:

Ayala Corporation (AC)

Dominant Range Index: BEARISH
Last Price: 609
VWAP: 612.50
Dominant Range: 609 – 612.50

ACEN Corporation (ACEN)

Dominant Range Index: BULLISH
Last Price: 5.06
VWAP: 5.06
Dominant Range: 5.06 – 5.06

Alliance Global Group (AGI)

Dominant Range Index: BULLISH
Last Price: 12.48
VWAP: 12.47
Dominant Range: 12.48 – 12.48

Ayala Land (ALI)

Dominant Range Index: BULLISH
Last Price: 28.05
VWAP: 27.88
Dominant Range: 27.75 – 28.05

Aboitiz Power Corporation (AP)

Dominant Range Index: BULLISH
Last Price: 35.45
VWAP: 35.45
Dominant Range: 35.45 – 35.45

Puregold Price Club (PGOLD)

Dominant Range Index: BULLISH
Last Price: 27.75
VWAP: 27.70
Dominant Range: 27.7 – 27.7

SM Investments Corporation (SM)

Dominant Range Index: BEARISH
Last Price: 820
VWAP: 824.51
Dominant Range: 820 – 820

SM Prime Holdings (SMPH)

Dominant Range Index: BULLISH
Last Price: 29.9
VWAP: 29.90
Dominant Range: 29.95 – 29.95

Which Among the 8 PSE Bluechips Will You Buy?

I’ve presented to you some pieces of information vital in making a data-driven stock investment decision. Considering your risk tolerance, which one will you buy and why? Let me know in the comments below.

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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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