Filinvest Development Corporation (PSE:FDC) closed at ₱13.16 per share as of 03:30 PM GMT+8 on January 17, 2020. The last price remains unchanged from the previous trading day’s closing price.
The Total Turnover Value was ₱1,265,868.00. The local traders were the main drivers of Filinvest Development Corporation today.
Foreign investors registered a Net Foreign Selling worth ₱0.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱13.00, while the immediate resistance is near ₱14.20.
Our 10SMACD combo is bearish.
FDC’s risk level is low due to its historical volatility score of 24.26 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 13.16
VWAP: ₱13.03675
Dominant Range: ₱13 – ₱13.16
The Momentum Power Indicator of Filinvest Development Corporation is bullish.
True Market Sentiment – EOD
True Market Sentiment on FDC as of Jan-17-2020 at 03:30PM with a last price of ₱13.160
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱13.0600
Top 10 Players’ Selling Average: ₱13.0492
Bonus Info:
2 out of 8 participants or 25.00% of all participants registered a 100% BUYING activity
4 out of 8 participants or 50.00% of all participants registered a 100% SELLING activity
Recommendations
Do you have Filinvest Development Corporation in your portfolio already?
Under the assumption that your trailing stop remains intact, we recommend that you hold your position. Do not average down or top up since the 10SMACD is still bearish. It’s not enough that the Momentum Power Indicator is bullish. The 10SMACD must be bullish, too. While there’s no pressing need to reduce the percentage of risk of your trailing stop since the last volume bar is green, remember that the last price is on the brink of breaking below the support level at ₱13.00.
You don’t have Filinvest Development Corporation yet but are you planning to enter a new position?
Do not do a test-buy yet unless and until both 10SMACD and Momentum Power Indicator are bullish.
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of FDC in our Private Clients Forum when you see a significant change in its price or volume.
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