Italpinas Development Corporation (PSE:IDC) is priced at ₱5.59 per share as of 03:30 PM GMT+8 on November 15, 2019. It is up by 7.09 percent.
The Total Turnover Value is at ₱23,481,789.00. The local traders are the main drivers of IDC today.
Foreign investors registered a Net Foreign Selling worth ₱23,762.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱4.45, while the immediate resistance is near ₱6.00.
My 10SMACD combo is bullish.
IDC’s risk level is moderate due to its historical volatility score of 63.11 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 5.59
VWAP: ₱5.57352
Dominant Range: ₱5.5 – ₱5.6
The Momentum Power Indicator of IDC is bullish because all 4 of 4 elements are bullish.
The ascent in price is more than likely to continue since the 10SMACD and the Momentum Power Indicator are both bullish.
True Market Sentiment – EOD
True Market Sentiment on IDC as of Nov-15-2019 at 03:30PM, with a last price of ₱5.590
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: ₱5.5694
Top 10 Players’ Selling Average: ₱5.5820
Bonus Info:
7 out of 40 participants or 17.50% of all participants registered a 100% BUYING activity
10 out of 40 participants or 25.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on IDC from Nov-11-2019 to Nov-15-2019 at 03:30PM, with a last price of ₱5.590
True Market Sentiment: BULLISH
7 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱6.6272
Top 10 Players’ Selling Average: ₱6.4414
Bonus Info:
4 out of 52 participants or 7.69% of all participants registered a 100% BUYING activity
11 out of 52 participants or 21.15% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on IDC from Nov-04-2019 to Nov-15-2019 at 03:30PM, with a last price of ₱5.590
True Market Sentiment: BULLISH
7 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱6.6905
Top 10 Players’ Selling Average: ₱6.5208
Bonus Info:
5 out of 57 participants or 8.77% of all participants registered a 100% BUYING activity
11 out of 57 participants or 19.30% of all participants registered a 100% SELLING activity
Recommendations
IDC closed strong this week as the overall rating of our Evergreen Strategy remains bullish. True Market Sentiment for the weekly and monthly are both bullish, as well. There is a possibility that it will try to test the resistance at ₱6 by next week. As long as your trailing stop is still intact and the 10SMACD and Momentum Power Indicator remain bullish, you have a data-driven basis to top up within the dominant range. If and when IDC starts at a price higher or lower than the dominant range stated above, please post a request for our latest analysis on IDC in our Private Clients Forum (if you’re one of our subscribers).
You can enter a new position on IDC since the 10SMACD and Momentum Power Indicator are both bullish, but it’s better to calculate the reward-to-risk ratio first. If you’re satisfied with the reward-to-risk ratio, that’s when you should position within the dominant range for a test-buy.
Monitor the activities of COL Financial and First Metro Securities on IDC on Monday. They’re the main drivers of IDC.
Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.
Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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