ISM Communications Corporation appeared as the most requested stock in our Facebook Group when I posted a survey yesterday. I’ll give you my brief analysis of ISM.
Meanwhile, this stock made an attempt to break out above the resistance at 6.83 last February 7 but it was unsuccessful. The price retreated to 6.55 after ISM registered an intraday high of 7.40 on that day. Yesterday, this issue fell below the 10-day simple moving average and the MACD line crossed below the signal line. That’s the opposite of what I want to see if I’m looking for a buy signal.
As of recess today, ISM is at the brink of kissing the line below the 50-day simple moving average. The relatively low volume of ISM doesn’t boost the appetite of traders to buy the stock up.
Notice that one of the common behaviors of sideway-moving stocks is that they tend to move sideways for a while. When the stock continues to register flimsy volumes, the price will eventually start to fade away toward the immediate support level.
If you do not have a position on ISM just yet, stay on a wait-and-see mode.
The immediate support is at 5.21 while the resistance is at 6.83. If you’re going to trade the range, wait for the price to draw closer to the support area. On the other hand, if buying on breakout is your game, at least, wait for the stock to cross above the 10SMA and the MACD to cross above the signal line again.
Price-Volume Distribution
VWAP: 6.3067
Most Traded Prices: 6.33, 6.22, 6.3, 6.31, 6.21
Most Voluminous Prices: 6.33, 6.3, 6.31, 6.22, 6.21
ISM stagnated at 6.33 as of 12 noon today. The volume weighted average price is at 6.30. The most voluminous and most traded prices are shown above. Keep an eye on these price points.
Top 10 Players as of 12 Noon Today
Trading participants of ISM with a 100% Buying and Selling Activity as of Feb-14-2019 at 12:00PM:
8 out of 29 participants or 27.59% of all participants registered a 100% BUYING activity
8 out of 29 participants or 27.59% of all participants registered a 100% SELLING activity
Buying Average of the Top 10 Players: 6.3222
Selling Average of the Top 10 Players: 6.3155
Top 10 Players: February Month to Date
Trading participants of ISM with a 100% Buying and Selling Activity from Feb-01-2019 to Feb-14-2019 at 12:00PM:
8 out of 29 participants or 27.59% of all participants registered a 100% BUYING activity
8 out of 29 participants or 27.59% of all participants registered a 100% SELLING activity
Buying Average of the Top 10 Players: 6.3222
Selling Average of the Top 10 Players: 6.3155
Recommendation
Keep an eye to the 6.30-6.33 range. If the price retreats this afternoon, that’s when you pay closer attention to 6.20-6.22. If you’re one of our clients, I suggest you post a request in our Private Clients Forum for the latest Price-Volume Distribution and Top 10 Players charts of ISM so you know which prices you should monitor.
You don’t have to monitor the prices from the intraday low all the way to intraday high. You just need to keep an eye on the prices that got the biggest volume and the highest number of trades. Don’t forget VWAP and the top 10 brokers’ buying and selling averages, too.
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