EquiTalks: Bluechips with Highest Foreign Buying

If you have AC, ACEN, and MBT in your portfolio, or if you’re planning to take a new position in any of these three stocks, I hope my analysis will help you make a data-driven and logical investment decision. These three stocks are the top bluechips with the highest Net Foreign Buying as of the time of generating this report. Check the timestamps on each photo.

What criteria did I use in choosing AC, ACEN, and MBT?

I logged into my FirstMetroSec PRO account, clicked the MARKET tab, clicked FLOWS INFO, and selected PSEi from the filter dropdown box. So, you cannot say I’m selectively featuring stocks I already have because my selection criteria don’t allow me to cherry-pick which stocks to feature.

What’s my methodology when looking for a confirmed buy signal?

I have four criteria when analyzing if the stock has a confirmed buy signal.

Firstly, the last price must be higher than its 10-day simple moving average. Not less. Not equal. Higher.

Secondly, the prevailing volume must be higher than at least 50% of the stock’s 10-day volume average.

The first and second criteria are indicators available on your broker’s platform. The last two criteria can only be produced by me.

Thirdly, the prevailing Dominant Range Index of the stock must be bullish. I can’t tell how this proprietary indicator churns out a bearish or bullish signal because it’s proprietary/

Fourthly, either the prevailing (or EOD) or month-to-date (MTD) Market Sentiment Index should be bullish. This is also my proprietary indicator.

So, a stock must get four bullish signals for it to have a confirmed buy signal for me. Once there’s a confirmed buy signal, I can either take a new position or top up my existing one.

Now that you know how I analyze, let’s go to my analysis.

Does Ayala Corporation (AC) have a buy signal?

No, there’s no buy signal for AC as of May 28, 2024. Only 2 of 4 criteria are bullish.

First Criterion: BEARISH

Second Criterion: BULLISH

Dominant Range Index: BEARISH
Last Price: 615.00
Dominant Range: 613.00 – 615.00
VWAP: 614.03

Market Sentiment Index (INTRADAY): BULLISH
16 of the 25 participating brokers, or 64.00% of all participants, registered a positive Net Amount
14 of the 25 participating brokers, or 56.00% of all participants, registered a higher Buying Average than Selling Average
25 Participating Brokers’ Buying Average: ₱614.27046
25 Participating Brokers’ Selling Average: ₱614.26105
7 out of 25 participants, or 28.00% of all participants, registered a 100% BUYING activity
4 out of 25 participants, or 16.00% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD): BEARISH
58 of the 95 participating brokers, or 61.05% of all participants, registered a positive Net Amount
30 of the 95 participating brokers, or 31.58% of all participants, registered a higher Buying Average than Selling Average
95 Participating Brokers’ Buying Average: ₱596.68973
95 Participating Brokers’ Selling Average: ₱607.41996
15 out of 95 participants, or 15.79% of all participants, registered a 100% BUYING activity
7 out of 95 participants, or 7.37% of all participants, registered a 100% SELLING activity

Does ACEN CORPORATION (ACEN) have a buy signal?

No, there’s no buy signal for ACEN as of May 28, 2024. All 4 criteria are bearish.

First Criterion: BEARISH

Second Criterion: BEARISH

Dominant Range Index: BEARISH
Last Price: 4.89
Dominant Range: 4.93 – 4.97
VWAP: 4.93

Market Sentiment Index (INTRADAY): BEARISH
16 of the 33 participating brokers, or 48.48% of all participants, registered a positive Net Amount
14 of the 33 participating brokers, or 42.42% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱4.92685
33 Participating Brokers’ Selling Average: ₱4.93502
6 out of 33 participants, or 18.18% of all participants, registered a 100% BUYING activity
12 out of 33 participants, or 36.36% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD): BEARISH
40 of the 102 participating brokers, or 39.22% of all participants, registered a positive Net Amount
54 of the 102 participating brokers, or 52.94% of all participants, registered a higher Buying Average than Selling Average
102 Participating Brokers’ Buying Average: ₱4.73811
102 Participating Brokers’ Selling Average: ₱4.73813
4 out of 102 participants, or 3.92% of all participants, registered a 100% BUYING activity
8 out of 102 participants, or 7.84% of all participants, registered a 100% SELLING activity

Does Metropolitan Bank & Trust Company (MBT) have a buy signal?

No, there’s no buy signal for MBT as of May 28, 2024. Only 1 out of 4 criteria is bullish.

First Criterion: BEARISH

Second Criterion: BULLISH

Dominant Range Index: BEARISH
Last Price: 67.90
Dominant Range: 67.70 – 68.00
VWAP: 67.73

Market Sentiment Index (INTRADAY): BULLISH
17 of the 31 participating brokers, or 54.84% of all participants, registered a positive Net Amount
16 of the 31 participating brokers, or 51.61% of all participants, registered a higher Buying Average than Selling Average
31 Participating Brokers’ Buying Average: ₱67.72570
31 Participating Brokers’ Selling Average: ₱67.80274
8 out of 31 participants, or 25.81% of all participants, registered a 100% BUYING activity
4 out of 31 participants, or 12.90% of all participants, registered a 100% SELLING activity

Market Sentiment Index (MTD): BEARISH
37 of the 96 participating brokers, or 38.54% of all participants, registered a positive Net Amount
20 of the 96 participating brokers, or 20.83% of all participants, registered a higher Buying Average than Selling Average
96 Participating Brokers’ Buying Average: ₱69.14117
96 Participating Brokers’ Selling Average: ₱70.35637
5 out of 96 participants, or 5.21% of all participants, registered a 100% BUYING activity
18 out of 96 participants, or 18.75% of all participants, registered a 100% SELLING activity

Does Not Having a Buy Signal Mean a Sell Signal?

Not having a buy signal can only be a sell signal if, and only if, your trailing stop has already been hit. If your trailing stop is still intact, you can ignore the lack of a buy signal unless both the Dominant Range Index and the EOD Market Sentiment Index have been bearish for three consecutive trading days.

If these two indicators have been bearish for three straight trading days, you may consider preempting your trailing stop even if it has yet to be hit.

Would You Like More?

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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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