Out of nine Financial stocks, only four of them currently exhibit bullish trends above their respective 200-day simple moving averages.
By classical interpretation, it is believed that a stock is bullish in the long-term if its last price trades above its 200-day simple moving average (SMA).
In this report, I will not only reveal the names of these four Financial stocks but also provide their month-to-date market sentiment data from September 1, 2023, to September 12, 2023.
Please note that the Market Sentiment Index indicator discussed in this report is my proprietary creation, and I am the sole authority on its methodology for determining bearish and bullish ratings, as well as the specific parameters it considers.
I have extensively explained my use of the Market Sentiment Index in decision-making in numerous articles on this website. You can easily access them by using the SEARCH box in the ANALYSES section and searching for “market sentiment.”
If you prefer a more tailored approach, you can take advantage of my stock investment consultancy service.
It’s important to clarify that this article about Financial stocks is for informational purposes only, and I am not providing stock recommendations. I employ a proprietary methodology to identify confirmed buy signals, which I can further discuss if you are interested in gaining independent investment insights through my stock investment consultancy service.
Bank of the Philippine Islands (BPI)
Last Price: P107.30
Gap of the Last Price Above the 200-day SMA: 1%
Market Sentiment Index: BULLISH
43 of the 66 participating brokers, or 65.15% of all participants, registered a positive Net Amount
37 of the 66 participating brokers, or 56.06% of all participants, registered a higher Buying Average than Selling Average
66 Participating Brokers’ Buying Average: ₱105.85676
66 Participating Brokers’ Selling Average: ₱106.27333
16 out of 66 participants, or 24.24% of all participants, registered a 100% BUYING activity
2 out of 66 participants, or 3.03% of all participants, registered a 100% SELLING activity
BDO Unibank (BDO)
Last Price: P133.60
Gap of the Last Price Above the 200-day SMA: 3%
Market Sentiment Index: BULLISH
71 of the 87 participating brokers, or 81.61% of all participants, registered a positive Net Amount
56 of the 87 participating brokers, or 64.37% of all participants, registered a higher Buying Average than Selling Average
87 Participating Brokers’ Buying Average: ₱134.28678
87 Participating Brokers’ Selling Average: ₱135.11723
33 out of 87 participants, or 37.93% of all participants, registered a 100% BUYING activity
2 out of 87 participants, or 2.30% of all participants, registered a 100% SELLING activity
China Banking Corporation (CHIB)
Last Price: P31.15
Gap of the Last Price Above the 200-day SMA: 3%
Market Sentiment Index: BEARISH
20 of the 42 participating brokers, or 47.62% of all participants, registered a positive Net Amount
18 of the 42 participating brokers, or 42.86% of all participants, registered a higher Buying Average than Selling Average
42 Participating Brokers’ Buying Average: ₱31.02402
42 Participating Brokers’ Selling Average: ₱31.05140
13 out of 42 participants, or 30.95% of all participants, registered a 100% BUYING activity
16 out of 42 participants, or 38.10% of all participants, registered a 100% SELLING activity
The Philippine Stock Exchange (PSE)
Last Price: P170.00
Gap of the Last Price Above the 200-day SMA: 3%
Market Sentiment Index: BEARISH
8 of the 30 participating brokers, or 26.67% of all participants, registered a positive Net Amount
6 of the 30 participating brokers, or 20.00% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱164.71917
30 Participating Brokers’ Selling Average: ₱167.47089
5 out of 30 participants, or 16.67% of all participants, registered a 100% BUYING activity
16 out of 30 participants, or 53.33% of all participants, registered a 100% SELLING activity
Which of These 4 Financial Stocks Do You Already Have?
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