Holcim Philippines, Inc. (PSE:HLCM) is priced at ₱14.76 per share, down by 0.54 percent, as of 03:30 PM GMT+8 on October 24, 2019.
The Total Turnover Value is at ₱1,326,154.00. The local traders are the main drivers of HLCM today.
Foreign investors registered a Net Foreign Selling worth ₱20,784.00. They are net sellers year-to-date.
The immediate support is near ₱13.50, while the immediate resistance is near ₱15.00.
My 10SMA-MACD combo is bearish.
HLCM’s risk level is low due to its historical volatility score of 18.11 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.
Trade-Volume Distribution Analysis
Last Price: 14.76
VWAP: 14.867197
Most Traded: 14.88 – 14.84
Most Voluminous: 14.88 – 14.84
The Momentum Power Indicator of HLCM is bearish because all 0 of 4 elements are bearish. The downward movement of the price is more than likely to continue as of the time of writing this analysis.
True Market Sentiment Analysis EOD
True Market Sentiment on HLCM as of Oct-24-2019 at 03:30PM, with a last price of 14.7600.
True Market Sentiment: BEARISH
4 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: 14.8436
Top 10 Players’ Selling Average: 14.8572
Bonus Info:
2 out of 7 participants or 28.57% of all participants registered a 100% BUYING activity
3 out of 7 participants or 42.86% of all participants registered a 100% SELLING activity
The majority of the top 10 brokers are bearish on HLCM.
True Market Sentiment Analysis MTD
True Market Sentiment on HLCM from Oct-01-2019 to Oct-24-2019 at 03:30PM, with a last price of14.7600.
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: 14.6447
Top 10 Players’ Selling Average: 14.7067
Bonus Info:
6 out of 47 participants or 12.77% of all participants registered a 100% BUYING activity
14 out of 47 participants or 29.79% of all participants registered a 100% SELLING activity
As far as my Evergreen Strategy is concerned, it’s a confirmed buy signal if the 10SMA-MACD and the Momentum Power Indicator are both bullish. The opposite is true if the 10SMA-MACD and Momentum Power Indicator are both bearish.
Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.
After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.
Recommendations
Assuming your trailing stop is still intact and you’d like to top up, our data says NOT to top up within the dominant range since the 10SMA-MACD and Momentum Power Indicator are NOT bullish. Please make sure that you follow your trailing stop strictly and without fail and ONLY do an upward adjustment on your trailing stop every time the price goes higher. You may use my Trailing Stop Calculator. You may want to reduce the percentage of risk in your trailing stop, by the way. Note that the EOD and MTD True Market Sentiment are both bearish.
If you’re planning to buy your first shares of HLCM, postpone that plan for now. There are no technical buy signals. Besides, the last price is closer to the resistance than the support already. That means you’ll get a bigger potential risk than the potential reward. Let the price go down and find its psychological bottom. Once the 10SMACD and Momentum Power Indicator become bullish again, re-calculate your reward-to-risk ratio. If you find it attractive, then, you may position within the dominant range. Ask us for HLCM’s latest Trade-Volume Distribution chart in our Private Clients Forum if you’re one of our subscribers so we can tell you the best price range where you should buy.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this allows us to alert of you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
