Jollibee Foods Corporation (JFC) tested the support at 281.00 today, 25 April 2018, which happens to be in confluence with the 38.2 percent Fibonacci retracement. JFC hit an intraday low of 280.20 but managed to recover and close at 281.60.
The next support is positioned near 265, which is in confluence with the golden ratio (61.8 percent) of the Fibonacci. However, I advise that you monitor the price near 273.00 if and when the share price breaks below 281.
But why at 273?
It’s aligned with the 50 percent Fibonacci retracement.
So what?
Since 2001, I’ve seen stocks that treated the 50 percent retracement of Fibonacci as a rebounding zone.
While JFC keeps its bullish state on a long-term time period (200-day SMA), it’s been moving inside the bearish territory based on the short-term time period (20-day SMA).
On the Stochastic Monthly, JFC already appears oversold. If I’m going to use that as the sole basis for my interpretation, I’d say that there’s a bigger chance for JFC to respect its immediate support.
However, it’s not the only parameter that you and I must consider when making an investment decision.
Here, I am teaching you the importance of knowing how to weave through buy and sell signals, being shown by your indicators, to form one data-driven decision.
Volume
As of April 25, 2018, at 03:30PM, the volume is 134.95% of the previous trading day.
JFC’s bearish price today was supported by volume. This chart’s bias is on the continuity of the bearish price direction of JFC.
Price-Volume Distribution
Don’t look for this chart on your broker’s platform or anywhere because I was the one who created this Price-Volume Distribution chart generator.
Here’s my interpretation of my Price-Volume Distribution chart for JFC.
The price point that got the biggest volume is 281.60. It’s closest to the closing price. So, this 281.60 may act as the intraday support or resistance by the next trading day.
Now, if JFC will respect its immediate support and recover by the next trading day, 285.00 may act as the intraday resistance.
But if I were to make an overall sentiment based on this Price-Volume Distribution chart alone, I’d say that the bearish share price is more likely to continue.
Why did I say that?
The majority of today’s volume was registered on the lower half of the Price-Volume Distribution chart. This shows that traders struggled significantly to push the share price above the 281.60 mark.
Top 10 Players’ Sentiment – April MTD
Participants with a 100% Buying and Selling Activity from Apr-02-2018 to Apr-25-2018 at 03:30PM:
- 21 out of 86 participants or 24.42% of all participants registered a 100% BUYING activity
- 6 out of 86 participants or 6.98% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 288.1326
- Top 10 Players’ Selling Average: 287.5329
The top 10 players’ psychological average price from April 2 to 25 is between 288.1326 and 287.5329.
Top 10 Players’ Sentiment – April 23-25, 2018 (WTD)
Participants with a 100% Buying and Selling Activity from Apr-23-2018 to Apr-25-2018 at 03:30PM:
- 12 out of 50 participants or 24.00% of all participants registered a 100% BUYING activity
- 4 out of 50 participants or 8.00% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 286.4982
- Top 10 Players’ Selling Average: 286.2379
The top 10 players’ psychological average price from April 23 to 25 is between 286.4982 and 286.2379.
Top 10 Players’ Sentiment – April 23-25, 2018 (WTD)
Participants with a 100% Buying and Selling Activity as of Apr-25-2018 at 03:30PM:
- 17 out of 38 participants or 44.74% of all participants registered a 100% BUYING activity
- 3 out of 38 participants or 7.89% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 282.8457
- Top 10 Players’ Selling Average: 283.1644
The top 10 players’ psychological average price from April 23 to 25 is between 286.4982 and 286.2379.
Top 10 Players’ Sentiment – 25 April 25 2018 (EOD)
Participants with a 100% Buying and Selling Activity as of Apr-25-2018 at 03:30PM:
- 17 out of 38 participants or 44.74% of all participants registered a 100% BUYING activity
- 3 out of 38 participants or 7.89% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 282.8457
- Top 10 Players’ Selling Average: 283.1644
The top 10 players’ psychological average price today is between 282.8457 and 283.1644.
Why Did I Invent the Top 10 Players Chart and Sentiment Generator?
I needed to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
I needed to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
I needed to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
I wanted to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
I wanted to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
I am a creator. I am not fond of being content with the tools that have been made available even before I was born. At least, if it’s my own invention, I know to the tee what it can and cannot do.
I’ve created the Top 10 Players chart and sentiment generator as I solution to all the things that I need to know, like what I’ve mentioned above.
Brokers have the data. But I need information (processed data). I can’t wait until a broker creates what I need. So I created what I needed.
Today, I’d like to share with you one of the many proprietary pieces of information that our clients at Equilyst Analytics find useful.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If I know the psychological average price of the top 10 brokers who have traded a stock, I can calculate in my mind how much more could a trader, with an x percentage of risk tolerance, afford to hold should the stock’s price go south.
Foreign Fund Flow
On a 30-day trading period, JFC is on a Net Foreign Selling worth PHP416,917,672.00.
Risk Level
JFC remains as a low-risk stock based on my risk level calculator.
Do not search for this Risk Level calculator on your broker’s platform. I’ve created this to be exclusive to Equilyst Analytics clients.
You can see the risk level of all stocks on our Stock Ranking System.
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