GEOGRACE Resources Philippines Analysis: Buy or Avoid?

GEOGRACE Resources Philippines (PSE:GEO) closed at ₱0.198 per share as of 03:30 PM GMT+8 on February 13, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱199,320.00. The local traders were the main drivers of GEOGRACE Resources Philippines today.

Foreign investors registered a ₱0.00 Net Foreign today. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.

The immediate support is near ₱0.17, while the immediate resistance is near ₱0.23.

Our 10SMACD combo is bearish.

GEO’s risk level is low due to its historical volatility score of 39.59 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 0.198
VWAP: ₱0.20763
Dominant Range: ₱0.198 – ₱0.209

The Momentum Power Indicator of GEOGRACE Resources Philippines is bearish.

True Market Sentiment – EOD

True Market Sentiment on GEO as of Feb-13-2020 at 03:30PM with a last price of ₱0.198
True Market Sentiment: BEARISH
3 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: ₱0.2069
Top 10 Players’ Selling Average: ₱0.2078
Bonus Info:
1 out of 12 participants or 8.33% of all participants registered a 100% BUYING activity
6 out of 12 participants or 50.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have GEOGRACE Resources Philippines in your portfolio already?

There’s no buy signal confirmation for GEO 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 GEOGRACE Resources Philippines yet but are you planning to do a test-buy?

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

Watch our online stock market course, The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how to spot confirmed buy signals on any stock.

Also, you can post a request for our latest analysis and recommendation on any stock in our Private Clients Forum if you’ve subscribed to our stock market subscription service.

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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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