Jollibee Foods Corporation (JFC) Technical Analysis
Jollibee Foods Corporation (JFC) closed on Thursday, November 5, 2020, at ₱194.20, which is 4.79 percent higher than its previous closing price. The total turnover value (TTV) was ₱389.50 million, which is a relatively significant amount. Its significance is visible on its green last volume bar that is higher than the 100 percent of JFC’s 10-day volume average.
The local investors were the main movers of the price. Usually, it was the foreign investors. I’m not expecting the foreign investors to appear as the main drivers of index companies because their participation is relatively insignificant, generally speaking. You can see that by their percentage of contribution to the Philippine Stock Exchange Index’s total turnover value. Yesterday, the foreign investors only partook 31 percent of the PSEi’s ₱9.77 billion TTV. The foreign investors remain as net sellers year-to-date.
Jollibee just broke the previous resistance near ₱185.20, which is now acting as its immediate support. The immediate resistance is now pegged near ₱200.00, a precursor to ₱217.70, followed by ₱234.35.
Jollibee’s price is already moving above its 10-day simple moving average (SMA), and its MACD line is positioned above its signal line. That combination makes my 10SMACD combo bullish. It now takes a bullish Momentum Power Indicator for Jollibee to have a confirmed buy signal. Let’s find out the status of its Momentum Power Indicator in my trade-volume distribution analysis shortly.
Despite Jollibee’s recovery from its year-to-date low of ₱91.10 last March 19, 2020, it managed to keep its moderate-risk level based on its 10-day historical volatility score of 54 percent.
Jollibee’s bullishness is confirmed by its directional movement index’s (DMI) chart. Its +DMI is hovering the -DMI, and the average directional index (ADX) is already higher than 25 points. That’s a confirmation that Jollibee’s upward momentum remains strong.
Trade-Volume Distribution Analysis
Last Price: ₱194.20
Intraday Low: ₱184.80
Intraday High: ₱199.00
VWAP: ₱193.88
Dominant Range: ₱194.20 – ₱194.20
Jollibee’s Momentum Power Indicator is bullish because all of its four elements are bullish. A detailed discussion of these four elements and how to check them is discussed in our online stock market course (videos are both available in Tagalog and English). Please log into your account if you’re one of our clients to re-watch the course.
If Jollibee starts at a price higher than ₱194.20 by the next trading day, monitor the range between ₱195.50 and ₱196.00. If it starts at a price lower than ₱194.20, monitor the range between ₱192.00 and ₱192.40. What’s up with those two ranges? Those are the two other dominant ranges. You’ll see it in my trade-volume distribution chart.
True Market Sentiment – EOD (November 5, 2020)
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱193.5915
Top 10 Players’ Selling Average: ₱194.4328
11 out of 64 participants, or 17.19% of all participants, registered a 100% BUYING activity
24 out of 64 participants, or 37.50% of all participants, registered a 100% SELLING activity
True Market Sentiment – WTD (November 3-5, 2020)
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱186.1580
Top 10 Players’ Selling Average: ₱183.8847
8 out of 79 participants, or 10.13% of all participants, registered a 100% BUYING activity
26 out of 79 participants, or 32.91% of all participants, registered a 100% SELLING activity
True Market Sentiment – MTD (October 1, 2020 – November 5, 2020)
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱164.8749
Top 10 Players’ Selling Average: ₱165.5710
5 out of 113 participants, or 4.42% of all participants, registered a 100% BUYING activity
13 out of 113 participants or 11.50% of all participants registered a 100% SELLING activity
The average rating of Jollibee’s True Market Sentiment across all three timeframes is neutral. Don’t take this as if it’s a data-driven reminder for you to lock-in your profits already just because the overall True Market Sentiment is not bullish. Take this as a data-driven clue to be more vigilant on your trailing stop. Jollibee has been breaking one lower-high (previous resistance levels) after another. There will come a time when the major players will think that Jollibee will need to rest for a bit before it continues its ascent (if it still has more-than-enough gas to move up). If and when that happens, expect the major players to sell near the resistance levels. So, eyes on your trailing stop, please.
Recommendations
I’ve given most of my recommendations above already.
Suppose you already have Jollibee, your trailing stop is intact, and you would like to buy more shares. If that’s your case, you may buy within the dominant range. Keep in mind the two other ranges I mentioned in my trade-volume distribution analysis. Know that the dominant ranges are subject to change based they are based on the PREVAILING price action. Therefore, ask for our latest trade-volume distribution analysis in our Private Clients Forum if you’re one of our clients.
Additionally, do an upward adjustment on your trailing stop every time the price moves higher than the previous price that you used as your basis in calculating or adjusting your trailing stop. Only by this can you preserve your capital, protect your gains, and prevent unbearable losses. If this sounds confusing to you, review or re-watch our online stock market course on the COURSE tab of your account at Equilyst Analytics. I recorded that course both in Tagalog and English. Choose which one you’d like to listen to. Ask in the EVERGREEN STRATEGY section of our Private Clients Forum if you need to seek clarification on anything you’ll hear from me in the online stock market course. I’ll personally respond to you in the Private Clients Forum.
If you don’t have JFC yet, calculate your reward-to-risk ratio before you click the buy button. You can use my reward-to-risk ratio calculator. It’s in the TOOLS tab of our online stock market library. Do a test-buy only if you’re satisfied with the reward-to-risk ratio. Once your trade is executed, calculate your initial trailing stop immediately. You’ll find my trailing stop calculator in our online stock market library, too.
Again, ask for our latest Jollibee analysis in the LONG-TERM INVESTING section of our Private Clients Forum if you see significant changes in its price and volume. By the way, we automatically display our latest recommendation and updates for Jollibee in the Investment Guide for Long-term Investors table because it’s a blue-chip company.
Let Me Mentor You: Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
You will learn how to analyze stocks on your own (like I do). You will learn how to confidently and systematically execute trading and investment plans.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
I like your program the most
Hi Jaycee,
It’s me again Anna. I am now in your Serial Investor Package for 6 months. In my 1 week of experiencing it. I really enjoyed it! I love it actually! It is different from TRC and PinoyInvestor which I tried before. I like your program the most. That is why instead of 6 months only I want to make most of your 50% promo. Can I extend my subscription from 6 months to 1 year by completing the money for 1 year subscription? I am hoping you can grant my request.
Have a blessed Sunday!
Thank you, Sir. I really appreciate your inputs.
Thank you, Sir. I really appreciate your inputs.
Keep it up!
Thanks for sharing your knowledge. Keep it up!
I've earned because of you
Jaycee, I’d like to tell you that I was able to earn a good amount by “connecting the dots” on the free technical analysis articles you regularly post on your website. I’m sure I would get more value by becoming a premium member. I’ve subscribed to your Stock Signals for 15 months. I am excited to learn and to earn with your assistance.
helpful information
Thanks a lot, sir. That’s truly a helpful information. I’m hoping to keep in touch with you soon.
kakaiba yung sa inyo sir
Tama nga yung nabasa ko sa isang Facebook group tungko sa iyo sir jaycee, na para ka lang nanonood ng Batibot with the way you explain technical stuff with us sa stock signals program mo po. pinagsabay ko yung TRC at pinoy investor subscription ko dati sir bago pa ako nagsubscribe sa iyo. yung sa TRC makikita rin naman sa COL. yung sa pinoy investor, kung magaling ka lang sa search2x sa google mababasa mo rin naman yung info na binibigay nila. may sarili ka bang software sa pagaanalyze sir? kakaiba yung sa inyo sir. nagpatindi pa yung layman na layman na explanation mo sir. kumpletos-rekados ika nga. madalas di ko na kailangang magtanong dahil nasasagot na agad sa explanation mo sir. tapusin ko lang yung binayad ko sa TRC at Pinoy investor tapos eextend ko pa ng 1 year subscription ko sa stock signals program sir surebol yun. Thank you sir Jaycee!
Your analysis is very useful in my decision making
Your analysis is very useful in my decision making. Thank you very much.
Kudos to you Sir Jaycee! God bless Sir!
Sir! I’m one of your 1st customers since 2014. What I like the most in the Stock Signals Program is that hindi mo kami binibigyan ng jargons. Dun sa kung kanino ako dati nakasubscribe hindi ko alam kung yung analyst lang ang nakakaintindi sa mga sinasabi nila o nagkakacopy and paste lang. Dun sa isa naman buy below price lang tapos parang ang dating e bahala na kaming bumili kung saan namin gusto. Para bang tapos na trabaho nila after nila ibato ang buy below price nila. Sabi mo nga Sir you could have chosen to just give us your buy below price din tulad ng iba but thankfully hindi mo ginawa yun. Kudos to you Sir Jaycee! God bless Sir!
very detailed explanation of your recommendation
Sir Jaycee,
I’m happy that I’ve discovered your Stock Signals Program. I was a TrulyRichClub subscriber until yesterday. My officemate, who happens to be your subscriber since 2014, told me about your Stock Signals Program. He also showed to me what he gets from your program. I must say I was wowed to see how you are so different and better than Truly Rich Club. Indeed, you are not only giving your subscribers a buy below price. You also give them the best buying range in that buy below price. Plus you give a very detailed explanation of your recommendation. How do you manage to do all that the entire trading period every day? Well, please welcome me to your team for I am now a subscriber of yours. Payment has been sent. Cheers!
Louie
Thank you for your assistance
Good day sir jaycee. Ive read it already and am amaze. So far yun lang ang inquiries ko.
Thank you for your assistance. Highly appreciate such gesture.
Will be thinking muna about it since I’m a full time house wife. Will be planning muna where to get the funds.
Thank you again
Cheyenne
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
