Global Ferronickel Holdings Analysis: Is FNI Poised for a Rebound?

Global Ferronickel Holdings (PSE:FNI) closed at ₱1.61 per share as of 03:30 PM GMT+8 on January 17, 2020. It went down by 0.62 percent.

The Total Turnover Value was ₱4,539,060.00. The local traders were the main drivers of Global Ferronickel Holdings today.

Foreign investors registered a Net Foreign Selling worth ₱215,660.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱1.42, while the immediate resistance is near ₱1.66.

Our 10SMACD combo is bearish.

FNI’s risk level is low due to its historical volatility score of 37.23 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 1.61
VWAP: ₱1.60334
Dominant Range: ₱1.61 – ₱1.62

The Momentum Power Indicator of Global Ferronickel Holdings is bearish.

True Market Sentiment – EOD

True Market Sentiment on FNI as of Jan-17-2020 at 03:30PM with a last price of ₱1.610
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1.6050
Top 10 Players’ Selling Average: ₱1.6006
Bonus Info:
6 out of 20 participants or 30.00% of all participants registered a 100% BUYING activity
5 out of 20 participants or 25.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Global Ferronickel Holdings in your portfolio already?

Don’t top up. Don’t average down. You’re better off downgrading the percentage of risk of your trailing stop. There is no buy signal confirmation because both 10SMACD and Momentum Power Indicator are bearish.

You don’t have Global Ferronickel Holdings yet but are you planning to enter a new position?

It’s not the right time to do a test-buy on FNI. Wait for both 10SMACD and Momentum Power Indicator to become bearish. The downtrend is more than likely to continue.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of FNI 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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