In this report, I’ll show you the Dominant Range Index rating and the dominant prices (price range with the biggest volume and highest number of trades) for the top 5 stocks with the biggest Net Foreign Buying as of end of trading on September 22, 2023.
The dominant prices are either a standalone price or a range of prices with the highest volume and the greatest number of trades.
Imagine you’re on the verge of buying the stock. If the dominant prices are 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 prices are 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 prices include 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 prices is useful in decision-making. There’s a lot more we can discuss in my stock investment consultancy service. Learn about the requirements here.
SM Prime Holdings (SMPH): P100,938,290.00
Dominant Range Index: BULLISH
Last Price: 30.20
VWAP: 30.11
Dominant Range: 29.95 – 30.20
Manila Electric Company (MER): P57,357,474.00
Dominant Range Index: BULLISH
Last Price: 371
VWAP: 369.03
Dominant Range: 369.80 – 371.00
SM Investments Corporation (SM): P39,095,435.00
Dominant Range Index: BULLISH
Last Price: 804
VWAP: 802.87
Dominant Range: 800.50 – 805.00
Monde Nissin Corporation (MONDE): P35,682,570.00
Dominant Range Index: BULLISH
Last Price: 9.17
VWAP: 9.07
Dominant Range: 9.10 – 9.17
GT Capital Holdings (GTCAP): P21,119,440.00
Dominant Range Index: BULLISH
Last Price: 575.50
VWAP: 572.42
Dominant Range: 569.50 – 575.50
Which of These 5 Stocks With the Biggest Net Foreign Buying Do You Have?
What’s your decision now that you’ve known this information? Let me know in the comments.
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