Integrated Micro-Electronics (PSE:IMI) closed at ₱7.85 per share as of 03:30 PM GMT+8 on January 17, 2020. The last price remains unchanged from the previous trading day’s closing price.
The Total Turnover Value was ₱2,405,351.00. The local traders were the main drivers of Integrated Micro-Electronics today.
Foreign investors registered a Net Foreign Selling worth ₱23,121.00. They are net buyers year-to-date, but their participation is insignificant.
The immediate support is near ₱7.54, while the immediate resistance is near ₱8.67.
Our 10SMACD combo is bearish.
IMI’s risk level is moderate due to its historical volatility score of 51.62 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 7.85
VWAP: ₱7.9437
Dominant Range: ₱7.85 – ₱8
The Momentum Power Indicator of Integrated Micro-Electronics is bearish.
True Market Sentiment – EOD
True Market Sentiment on IMI as of Jan-17-2020 at 03:30PM with a last price of ₱7.850
True Market Sentiment: BEARISH
4 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: ₱7.9465
Top 10 Players’ Selling Average: ₱7.9487
Bonus Info:
8 out of 22 participants or 36.36% of all participants registered a 100% BUYING activity
7 out of 22 participants or 31.82% of all participants registered a 100% SELLING activity
Recommendations
Do you have Integrated Micro-Electronics in your portfolio already?
Hold your position if your trailing stop is intact. You may also want to reduce the percentage of risk on your trailing stop since the last volume bar is red and is higher than the 50 percent of IMI’s 10-day volume average. The bearish True Market Sentiment seconds the motion. Do not waste your buying power by averaging down on any stock that is more than likely to continue to go down.
You don’t have Integrated Micro-Electronics yet but are you planning to enter a new position?
Do not enter on a new position on IMI while the 10SMACD and Momentum Power Indicator are not bullish. IMI might just continue to trade the range between ₱7.54 and ₱8.67. Here at Equilyst Analytics, we do not advise trading stocks that are trading the range. We prefer stocks that are either in a rally that is more than likely to continue or are poised to enter a rally (with a bullish 10SMACD and Momentum Power Indicator).
Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of IMI in our Private Clients Forum when you see a significant change in its price or volume.
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