Eagle Cement Corporation (PSE:EAGLE) closed at ₱13.7 per share as of 03:30 PM GMT+8 on January 15, 2020. It went down by 1.3 percent.
The Total Turnover Value was ₱2,550,078.00. The local traders were the main drivers of Eagle Cement Corporation today.
Foreign investors registered a Net Foreign Buying worth ₱67,392.00. They are net sellers year-to-date.
The immediate support is near ₱12.30, while the immediate resistance is near ₱14.15.
Our 10SMACD combo is bearish.
EAGLE’s risk level is low due to its historical volatility score of 29 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 13.7
VWAP: ₱13.70273
Dominant Range: ₱13.7 – ₱13.7
The Momentum Power Indicator of Eagle Cement Corporation is bearish.
True Market Sentiment – EOD
True Market Sentiment on EAGLE as of Jan-15-2020 at 03:30PM with a last price of ₱13.70
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱13.7107
Top 10 Players’ Selling Average: ₱13.7066
Bonus Info:
9 out of 13 participants or 69.23% of all participants registered a 100% BUYING activity
3 out of 13 participants or 23.08% of all participants registered a 100% SELLING activity
Recommendations
Do you have Eagle Cement Corporation in your portfolio already?
If your trailing stop is still intact, we recommend that you reduce your percentage of risk on your trailing stop. EAGLE is still searching for its relatively strong support level. Just because it showed a green candlestick today, it doesn’t mean it’s out of the woods already. Its psychological support is quite deep at ₱12.30, which is in confluence with the 61.80 percent extension of the Down Fibonacci.
It’s a worst story if you don’t know what a trailing stop is. If that’s your case, calculate your trailing stop now.
You don’t have Eagle Cement Corporation yet but are you planning to enter a new position?
Do not enter a new position. Do not do a test-buy. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of EAGLE in our Private Clients Forum when you see a significant change in its price or volume.
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