Cemex Holdings Philippines, Inc. (PSE:CHP) is priced at ₱2.32 per share as of 03:30 PM GMT+8 on November 28, 2019. It is up by 0.4329 percent.
The Total Turnover Value is at ₱407,830.00. The local traders are the main drivers of CHP today.
Foreign investors registered a Net Foreign Buying worth ₱16,350.00. They are net buyers year-to-date.
The immediate support is near ₱2.17, while the immediate resistance is near ₱2.80.
My 10SMACD combo is bearish.
CHP’s risk level is low due to its historical volatility score of 42.23 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 2.32
VWAP: ₱2.33046
Dominant Range: ₱2.31 – ₱2.33
The Momentum Power Indicator of CHP is bearish because only 1 of 4 elements is bullish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on CHP as of Nov-28-2019 at 03:30PM, with a last price of ₱2.320
True Market Sentiment: NEUTRAL
6 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: ₱2.3353
Top 10 Players’ Selling Average: ₱2.3349
Bonus Info:
4 out of 13 participants or 30.77% of all participants registered a 100% BUYING activity
3 out of 13 participants or 23.08% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on CHP from Nov-25-2019 to Nov-28-2019 at 03:30PM, with a last price of ₱2.320
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.3521
Top 10 Players’ Selling Average: ₱2.3428
Bonus Info:
9 out of 33 participants or 27.27% of all participants registered a 100% BUYING activity
10 out of 33 participants or 30.30% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on CHP from Nov-04-2019 to Nov-28-2019 at 03:30PM, with a last price of ₱2.320
True Market Sentiment: BEARISH
4 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: ₱2.4674
Top 10 Players’ Selling Average: ₱2.4673
Bonus Info:
14 out of 64 participants or 21.88% of all participants registered a 100% BUYING activity
18 out of 64 participants or 28.13% of all participants registered a 100% SELLING activity
Recommendations
Do you have CHP in your portfolio already?
Under the assumption that your trailing stop is still intact, I advise that you reduce the percentage of risk on your trailing stop. You can use my trailing stop calculator. Why am I giving this recommendation? Today’s volume is lower than the 50 percent of CHP’s 10-day volume average. CHP needs to register a volume that is, at least, higher than the 50 percent of the stock’s 10-day volume average for this recovery to become more sustainable. Moreover, although the Daily and Weekly True Market Sentiment charts are neutral, do not keep your hopes up too high because the True Market Sentiment month-to-date is bearish.
You don’t have CHP but are you planning to do a test-buy?
Postpone that plan and wait for the 10SMACD and the Momentum Power Indicator to become bullish. If you’re one of our subscribers, you may ask for our latest analysis of CHP in our Private Clients Forum any time so we can guide you further.
Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.
Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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