Bank of the Philippine Islands (PSE:BPI) is priced at ₱95.1 per share, up by 1.17 percent, as of 03:03 PM GMT+8 on October 17, 2019.
The Total Turnover Value is at ₱346,641,995.00. The local traders are the main drivers of BPI today.
Foreign investors registered a Net Foreign Buying worth ₱153,017,319.00. They are net seller year-to-date.
The immediate support is near ₱86.7, while the immediate resistance is near ₱101.
My 10SMACD combo is bullish.
BPI’s risk level is low due to its historical volatility score of 19.92 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.
Trade-Volume Distribution
Last Price: 95.15
VWAP: 95.00688484
Most Traded: 95 – 94.9
Most Voluminous: 95 – 95
The Momentum Power Indicator of BPI is bullish because all 4 of 4 elements are bullish. The upward movement of the price is more than likely to continue as of the time of writing this analysis.
True Market Sentiment
True Market Sentiment on BPI as of Oct-17-2019 at 03:09PM, with a last price of 95.1500.
True Market Sentiment: NEUTRAL
6 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: 94.9985
Top 10 Players’ Selling Average: 95.0099
Bonus Info:
6 out of 68 participants or 8.82% of all participants registered a 100% BUYING activity
34 out of 68 participants or 50.00% of all participants registered a 100% SELLING activity
The majority of the top 10 brokers are neutral on BPI.
If the 10SMACD and the Momentum Power Indicator are both bullish, a bullish True Market Sentiment is a positive technical catalyst that can push the price even higher. The opposite is true if the 10SMACD and Momentum Power Indicator are both bearish.
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Recommendations
Assuming your trailing stop is still intact and you’d like to top up, you have data-driven reasons to top up within the dominant range since the 10SMACD and Momentum Power Indicator are both bullish. Please make sure that you do an upward adjustment on your trailing stop every time the price goes higher. You may use my Trailing Stop Calculator.
If you are planning to enter a new position on this stock, I suggest that you calculate your reward-to-risk ratio first. You can use my Reward-to-Risk Ratio Calculator. If you’re happy with that ratio, then, you can test-buy within the dominant range. Calculate your trailing stop immediately once the stock enters your portfolio.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this allows us to alert of you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
BPI must maintain a bullish 10SMACD and Momentum Power Indicator so that the ₱95.00 won’t be translated as a profit-taking level or as a precursor to retesting the support at ₱86.70.
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