Dominant Prices to Watch for MPI, ICT, AC, BLOOM, BPI

Importance of Knowing the Dominant Prices of Philippine Stocks

The dominant prices are 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 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.

Here are the dominant prices of the five top traded stocks as of September 4, 2023:

Metro Pacific Investments Corporation (MPI)

Dominant Range Index: BULLISH
Last Price: 5.17
VWAP: 5.20
Dominant Range: 5.19 – 5.20

International Container Terminal Services (ICT)

Dominant Range Index: BEARISH
Last Price: 206.20
VWAP: 206.56
Dominant Range: 206.20 – 207.00

Ayala Corporation (AC)

Dominant Range Index: BULLISH
Last Price: 623.50
VWAP: 620.15
Dominant Range: 615.00 – 624.50

Bloomberry Resorts Corporation (BLOOM)

Dominant Range Index: BEARISH
Last Price: 11
VWAP: 10.85
Dominant Range: 10.80 – 11.00

Bank of the Philippine Islands (BPI)

Dominant Range Index: BEARISH
Last Price: 107.00
VWAP: 106.60
Dominant Range: 106.00 – 107.10

Which of These Top Traded Stocks Are You Monitoring?

I’ve presented to you the dominant prices of these top traded stocks. After synthesizing this stuff with your methodology relative to your risk tolerance, which stock interests you the most 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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