First Gen Corporation Technical Analysis
After almost three weeks of trading below its 10-day simple moving average (SMA), First Gen Corporation (FGEN) has finally stayed above its 10SMA for three consecutive trading days with a daily volume higher than 50 percent of its 10-day volume average. This ascent in price means its supported with a relatively good volume even if the stock is not getting significant buying support from foreign investors. Speaking of the foreign investors, they are net sellers on FGEN year-to-date.
FGEN’s immediate support is near ₱31.00, while its immediate resistance is at ₱33.60. While it looks attractive to enter a new position on a stock if its prevailing price is closer to immediate support than immediate resistance, I suggest that you check if the six parameters below are bullish before proceeding with your buying decision. Let’s check.
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: No
Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: Yes
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱31.00
VWAP: ₱31.0205
Dominant Range: ₱30.90 – ₱31.00
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
10 of the 32 participating brokers, or 31.25% of all participants, registered a positive Net Amount
11 of the 32 participating brokers, or 34.38% of all participants, registered a higher Buying Average than Selling Average
32 Participating Brokers’ Buying Average: ₱30.99552
32 Participating Brokers’ Selling Average: ₱31.07734
6 out of 32 participants, or 18.75% of all participants, registered a 100% BUYING activity
15 out of 32 participants, or 46.88% of all participants, registered a 100% SELLING activity
Synthesis
The algorithm of my Evergreen Strategy 2.0 did not issue a confirmed buy signal for FGEN because the third and fifth parameters are both bearish.
Do you already have FGEN in your portfolio? Is your trailing stop still intact? If your answer is yes to both questions, you have the option to hold your position since its Market Sentiment Index is still bullish. Consider reducing the risk percentage applied on your trailing stop once both Dominant Range Index and Market Sentiment Index are bearish. When that happens, your other option is to pre-empt your trailing stop. You may refer to the flowchart I included in the course manual of my Evergreen Strategy 2.0 if you’re one of our subscribers.
If you don’t have FGEN yet, it’s also a good candidate for your watchlist since its total turnover value today is higher than ₱20 million, and it has a low erraticity due to its 10-day historical volatility score below 50 percent. Please review the course manual of my Evergreen Strategy 2.0 (if you’re one of our clients) to see the flowchart that you need to follow when selecting candidate stocks for your watchlist.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
equips me with the knowledge and tools I needed prior to investing and trading
Thanks for the information you are sharing. It equips me with the knowledge and tools I needed prior to investing and trading. Pls, continue to send me helpful articles.The terminologies are too many which make me so reluctant at first but you make it simpler to understand esp to a neophyte like me.Thank you very much and may God bless you more.
It helps me a lot in my trading and to spot a good and bad stock
It helps me a lot in my trading and to spot a good and bad stock. I’m grateful to you for helping newbies like me. Would very much like to learn your ways of analyzing technical and fundamentals analysis of all stock in the PSE. Thanks and God Bless.
Nice, helpful and informative...
Nice, helpful and informative…
the contents are well-packaged and of high quality
STOCK SIGNALS is one of the most popular free newsletters for finding and sharing stocks information out there, in fact, the contents are well-packaged and of high quality, it’s the RIGHT PLACE to go, if you are looking for news about a particular stock, thanks a lot. Sir JAYCEE, good luck!
Thank you Sir Jaycee for helpful stocks review.
Thank you Sir Jaycee for helpful stocks review.
the subscription is a great help for me
The subscription is a great help for me since I am still learning how to do stocks. Thank you.
I'm more ready to invest more
I’m a newbie and I appreciate that the Stock Signals Philippines is for both traders (for times I can monitor stocks every day) and investors (for times I have to concentrate on work instead). An added bonus is that it’s free. I’ll commit more when I’m more ready to invest more. Thank you, sir Jaycee.
Very helpful insights from an expert
Very helpful insights from an expert. Thank you so much Sir for all your help….
increase your rate upon reading this review
After seeing how Jaycee guides us in the Stock Signals, I felt I just wasted 12 months of my time and money in the Truly Rich Club of Bo. I only paid 400 pesos per month in the Stock Signals. I was paying 495 a month in TRC. Jaycee, I hope you won’t increase your rate upon reading this review. I appreciate all your help.
Very informative and thank you for sharing.
Very informative and thank you for sharing.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
