Forum Pacific Analysis: Trade the Range or Wait for a Breakout?

Forum Pacific (PSE:FPI) closed at ₱0.211 per share as of 03:30 PM GMT+8 on February 4, 2020. It went up by 3.94 percent.

The Total Turnover Value was ₱2,130,620.00. The local traders were the main drivers of Forum Pacific today.

Foreign investors registered a Net Foreign Selling worth ₱205,570.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱0.192, while the immediate resistance is near ₱0.228.

Our 10SMACD combo is bullish.

FPI’s risk level is low due to its historical volatility score of 30.72 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 0.211
VWAP: ₱0.24157
Dominant Range: ₱0.211 – ₱0.22

The Momentum Power Indicator of Forum Pacific is bearish.

True Market Sentiment – EOD

True Market Sentiment on FPI as of Feb-04-2020 at 03:30PM with a last price of ₱0.2110
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: ₱0.2407
Top 10 Players’ Selling Average: ₱0.2453
Bonus Info:
1 out of 24 participants or 4.17% of all participants registered a 100% BUYING activity
11 out of 24 participants or 45.83% of all participants registered a 100% SELLING activity

Recommendations

Do you have Forum Pacific in your portfolio already?

There’s no buy signal confirmation for FPI 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 Forum Pacific yet but are you planning to do a test-buy?

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

Are you a subscriber of Equilyst Analytics? You may ask for our latest technical analysis of FPI in our Private Clients Forum when you see a significant change in its price or volume.

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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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