FRUITAS Stock Analysis: Can FRUIT Sustain Its Ascent Despite Weak Support from Foreign Investors?

Fruitas Holdings, Inc. (PSE:FRUIT) is priced at ₱2.4 per share as of 12:00 PM GMT+8 on November 29, 2019. It is up by 42.86 percent.

The Total Turnover Value is at ₱841,670,650.00. The local traders are the main drivers of FRUIT today.

Foreign investors registered a Net Foreign Buying worth ₱1,961,060.00. Their participation is not significant.

The immediate support is at ₱2.15 while the immediate resistance is at ₱2.40. You will notice that these are the lower and higher bands of the dominant range of FRUIT based on my Trade-Volume Distribution analysis.

I’m not going to post my Daily Chart, status of the 10SMACD combo, and the historical volatility below since those stuff are not applicable yet in my Evergreen Strategy.

Trade-Volume Distribution Analysis

Last Price: ₱ 2.4
VWAP: ₱2.12104
Dominant Range: ₱2.15 – ₱2.4

True Market Sentiment – EOD

True Market Sentiment on FRUIT as of Nov-29-2019 at 12:00PM, with a last price of ₱2.40
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.1156
Top 10 Players’ Selling Average: ₱2.1485
Bonus Info:
1 out of 110 participants or 0.91% of all participants registered a 100% BUYING activity
28 out of 110 participants or 25.45% of all participants registered a 100% SELLING activity

Recommendations

Did you trade FRUIT this morning?

Under the assumption that your trailing stop is intact, I advise two things.

Firstly, remember to do an upward adjustment on your trailing stop every time FRUIT registers a higher prevailing price. I’ve made it easy for you already with my trailing stop calculator. Use it. You need to do this upward adjust to lock in your profits.

Secondly, top up within the dominant range if your buying power still allows it. Do it in tranches. Don’t be carried away by your emotion. Don’t think that it’ll surely rise higher this afternoon just because FRUIT exhibited a bullish start in the first half of trading. Always cast your hope on the prevailing data.

If you’re one of our customers at Equilyst Analytics, make sure that you ask for our latest analysis of FRUIT between 2PM and 3PM so we give you the latest dominant range of FRUIT.

You don’t have FRUIT yet but are you planning to enter a new position this afternoon?

Understand that there’s no guarantee that FRUIT will maintain its position above ₱2.4 when trading resumes at 1:30PM GMT+8. Consider in your decision the fact that more than a quarter of the total trading participants this morning decided to do nothing but to sell this morning. It’s just fortunate that those decided sellers’ total turnover value was not higher than the individual TTVs of the top 10 brokers; FRUIT’s price would have gone south, otherwise.

So, if you choose to do a test-buy this afternoon, don’t go all in. Do it strategically and realistically within the dominant range and not at any random price. Ask for our latest analysis of FRUIT in our Private Clients Forum.

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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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