Empire East Land Holdings, Inc. Analysis: May 29, 2020

Empire East Land Holdings, Inc. (PSE:ELI) closed at ₱0.275 per share as of 01:00 PM GMT+8 on May 29, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱1,849,250.00. The local traders were the main drivers of Empire East Land Holdings, Inc. today.

The immediate support is near ₱0.255, while the immediate resistance is near ₱0.325.

Our 10SMACD combo is bearish.

ELI’s risk level is low due to its historical volatility score of 39.25 percent.

Trade-Volume Distribution

Last Price: ₱ 0.275
VWAP: ₱0.2845
Dominant Range: ₱0.27 – ₱0.30

The Momentum Power Indicator of Empire East Land Holdings, Inc. is bearish.

True Market Sentiment

True Market Sentiment on ELI as of May-29-2020 at 01:00PM with a last price of ₱0.275
True Market Sentiment: BEARISH
5 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: ₱0.2714
Top 10 Players’ Selling Average: ₱0.2841
Bonus Info:
3 out of 7 participants or 42.86% of all participants registered a 100% BUYING activity
2 out of 7 participants or 28.57% of all participants registered a 100% SELLING activity

Recommendations

Do you have Empire East Land Holdings, Inc. in your portfolio already?

There’s no buy signal confirmation for ELI yet. Since the last volume bar is green and it’s higher than the 50 percent of the stock’s 10-day volume average, you may choose to hold your position, but don’t top up yet.

You don’t have Empire East Land Holdings, Inc. yet but are you planning to do a test-buy?

There’s no buy signal confirmation for ELI yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on ELI.

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

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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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