Jollibee Foods Corporation (PSE:JFC) is priced at ₱213.2 per share as of 03:30 PM GMT+8 on November 13, 2019. It is down by 3.09 percent.
JFC had been trying to maintain its position above the ₱218-₱220 range since August 2019 until it couldn’t resist the pull of the bears.
The Total Turnover Value is at ₱286,276,128.00. The local traders are the main drivers of JFC today.
Foreign investors registered a Net Foreign Selling worth ₱124,339,616.00. They are net buyers year-to-date.
The immediate support is near ₱200.00, while the immediate resistance is near ₱218.00.
My 10SMACD combo is bearish.
JFC’s risk level is low due to its historical volatility score of 26.67 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 213.2
VWAP: ₱214.95914
Dominant Range: ₱212.4 – ₱214
The Momentum Power Indicator of JFC is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on JFC as of Nov-13-2019 at 03:30PM, with a last price of ₱213.20
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: ₱215.0670
Top 10 Players’ Selling Average: ₱215.1092
Bonus Info:
49 out of 80 participants or 61.25% of all participants registered a 100% BUYING activity
4 out of 80 participants or 5.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on JFC from Nov-11-2019 to Nov-13-2019 at 03:30PM, with a last price of ₱213.20
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱220.9892
Top 10 Players’ Selling Average: ₱218.9521
Bonus Info:
46 out of 86 participants or 53.49% of all participants registered a 100% BUYING activity
2 out of 86 participants or 2.33% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on JFC from Nov-04-2019 to Nov-13-2019 at 03:30PM, with a last price of ₱213.20
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱225.9912
Top 10 Players’ Selling Average: ₱223.4139
Bonus Info:
39 out of 95 participants or 41.05% of all participants registered a 100% BUYING activity
5 out of 95 participants or 5.26% of all participants registered a 100% SELLING activity
Recommendations
I recommend that you immediately reduce the percentage of risk applied in your trailing stop if you have JFC in your portfolio. I do not see signs of a foreseeable recovery in the price of JFC above the ₱220 level at least based on the data I have as of November 13, 2019.
It doesn’t make sense averaging down at this point because the descent in price is more than likely to continue. If you think JFC’s price is cheap today, know that it could get cheaper more than what you might think.
When the 10SMACD and Momentum Power Indicator are both bearish, it means the bears have the home-court advantage, so to speak.
On the other hand, do not do a test-buy yet if you don’t have JFC. If you’re going to watch our online stock market course, you’ll know when it is only appropriately logical to buy a stock. You need more than just courage to be a profitable trader or investor.
Mind you, the True Market Sentiment on the daily, weekly, and monthly charts show nothing but a sign of a very weak confidence to buy JFC at a higher price. If these deep-pocketed investors, with billions in their pocket, do not show a significant level of interest to buy JFC at a higher price, why should we, retail investors with only a few thousands to a few millions in our pocket, be a contrarian to the mood of the billionaires?
Please read this: 4 Reasons Why You Must STOP Using a Buy Below Price and a Target Selling Price
Finally, I’d like to tell you that it’s NOT ALWAYS RIGHT to “buy near support”. If the downtrend is still strong when the price hits the immediate support level, DON’T BUY YET. Continue monitoring until the big sellers reach an exhaustion level. I just want to put that phrase into the right context for the newbies as I don’t want you to literally translate “buy near support” into “it’s okay to buy every time the price hits the support level”.
If you’re an Equilyst Analytics subscriber, I suggest that you regularly check our Investment Guide for Long-term Investors since JFC is in the table of index companies that we monitor. Most stock market consultancy service providers update their investment guides for their clients every end of day or once a week, but we update ours 4 TIMES A DAY (as trading happens).
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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