I-Remit, Inc. Analysis: June 1, 2020

I-Remit, Inc. (PSE:I) closed at ₱0.95 per share as of 01:00 PM GMT+8 on June 1, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱950.00. The local traders were the main drivers of I-Remit, Inc. today.

The immediate support is near ₱0.83, while the immediate resistance is near ₱1.06.

Our 10SMACD combo is bullish.

I’s risk level is extremely high due to its historical volatility score of 169.52 percent.

Trade-Volume Distribution

Last Price: ₱ 0.95
VWAP: ₱0.95
Dominant Range: ₱0.95 – ₱0.95

The Momentum Power Indicator of I-Remit, Inc. is bearish.

True Market Sentiment

True Market Sentiment on I as of Jun-01-2020 at 01:00PM with a last price of ₱0.95
True Market Sentiment: BEARISH
0 of the top 10 brokers registered a positive Net Amount
0 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.9500
Top 10 Players’ Selling Average: ₱0.9500
Bonus Info:
0 out of 1 participants or 0.00% of all participants registered a 100% BUYING activity
0 out of 1 participants or 0.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have I-Remit, Inc. in your portfolio already?

There’s no buy signal confirmation for I yet. Even though the last volume bar is green, today’s volume is less than the 50 percent of the stock’s 10-day volume average. You may want to reduce the percentage of risk on your trailing stop, at least.

You don’t have I-Remit, Inc. yet but are you planning to do a test-buy?

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

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

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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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