JG Summit Holdings Analysis: Is It Logical to Wait Below ₱69?

JG Summit Holdings (PSE:JGS) closed at ₱71.90 per share as of 03:30 PM GMT+8 on February 11, 2020. It went up by 0.56 percent.

The Total Turnover Value was ₱42,096,336.00. The local traders were the main drivers of JG Summit Holdings today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱9,208,741.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱69.00, while the immediate resistance is near ₱77.00.

Our 10SMACD combo is bearish.

JGS’s risk level is low due to its historical volatility score of 45.8 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 71.9
VWAP: ₱71.82205
Dominant Range: ₱71.5 – ₱71.9

The Momentum Power Indicator of JG Summit Holdings is bullish.

True Market Sentiment – EOD

True Market Sentiment on JGS as of Feb-11-2020 at 3:30PM with a last price of ₱71.900
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: ₱71.6645
Top 10 Players’ Selling Average: ₱71.7904
Bonus Info:
8 out of 28 participants or 28.57% of all participants registered a 100% BUYING activity
8 out of 28 participants or 28.57% of all participants registered a 100% SELLING activity

Recommendations

Do you have JG Summit Holdings in your portfolio already?

There’s no buy signal confirmation for JGS yet. Since the last volume bar is green and it’s higher than the 50 percent of the stock’s 10-day volume average, you may choose to hold your position, but don’t top up yet.

You don’t have JG Summit Holdings yet but are you planning to do a test-buy?

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

Watch our online stock market course, The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how to spot confirmed buy signals on any stock.

Also, you can post a request for our latest analysis and recommendation on any stock in our Private Clients Forum if you’ve subscribed to our stock market subscription service.

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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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