First Gen Corporation Analysis: Did It Already Find Its Support Near ₱14.15?

First Gen Corporation (PSE:FGEN) closed at ₱14.76 per share as of 03:30 PM GMT+8 on March 20, 2020. It went up by 3.22 percent.

The Total Turnover Value was ₱99,842,954.00. The foreign traders were the main drivers of First Gen Corporation today.

Foreign investors are net buyers today with a Net Foreign Buying worth ₱46,290,976.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱14.15, while the immediate resistance is near ₱17.15.

Our 10SMACD combo is bearish.

FGEN’s risk level is extremely high due to its historical volatility score of 113.19 percent.

Trade-Volume Distribution

Last Price: ₱ 14.76
VWAP: ₱14.75243
Dominant Range: ₱14.70 – ₱14.80

The Momentum Power Indicator of First Gen Corporation is bearish.

True Market Sentiment

True Market Sentiment on FGEN as of Mar-20-2020 at 03:30PM with a last price of ₱14.76
True Market Sentiment: BEARISH
5 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: ₱14.7246
Top 10 Players’ Selling Average: ₱14.7711
Bonus Info:
11 out of 30 participants or 36.67% of all participants registered a 100% BUYING activity
5 out of 30 participants or 16.67% of all participants registered a 100% SELLING activity

Recommendations

Do you have First Gen Corporation in your portfolio already?

There’s no buy signal confirmation for FGEN yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have First Gen Corporation yet but are you planning to do a test-buy?

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

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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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