Jollibee Foods Corporation (JFC) Analysis
Jollibee Foods Corporation (JFC) continues to walk closer to its immediate resistance at ₱186.20 as it closed at ₱179.00 per share, up by 4.99 percent, on Friday, October 23, 2020. This positive Day Change is JFC’s 12th streak of closing with a green candlestick and its 8th streak of closing with a net foreign buying. The total turnover value reached ₱415 million.
The local investors were still the main buyers and sellers of Jollibee on Friday’s trading. The foreign investors registered a net foreign buying, but it only amounted to ₱13 million. The foreign investors’ daily net foreign buying has been in a downtrend since October 20, 2020.
I don’t see a pressing concern on the daily volume of Jollibee. Its daily volume has been overarching the 100 percent of Jollibee’s 10-day volume average for five consecutive trading days.
Jollibee’s 10SMACD combo is bullish. We will find out in my trade-volume distribution analysis if its Momentum Power Indicator is also bullish. If it is, Jollibee gets a confirmed buy signal, as far as my Evergreen Strategy in Trading and Investing in the Philippine Stock Market (online stock market course/methodology) is concerned.
Meanwhile, Jollibee is a moderate-risk stock because its 10-day historical volatility score is already at 55 percent.
The bullish directional movement index (DMI) conforms with the bullish 10SMACD combo since the positive DMI line hovers the negative DMI line. Also, the average directional index (ADX) is already above the 25-point line.
Jollibee’s immediate support is at ₱151.00. If it breaks this immediate support level, ₱125.80 will be the next support. If Jollibee breaks above the immediate resistance at ₱186.20, the next resistance will be ₱234.35.
Trade-Volume Distribution Analysis: Jollibee
Last Price: ₱179.00
Intraday Low: ₱171.90
Intraday High: ₱179.00
VWAP: ₱176.53
Dominant Range: ₱179.00 – ₱179.00
All four elements of my Momentum Power Indicator are bullish. Therefore, the overall rating of my Momentum Power Indicator is also bullish. Watch again the Tagalog or English version of our online stock market course (if you’re one of our clients) if you already forgot what those four elements are.
Keep an eye on the range between ₱177.50 and ₱178.50 and the other range between ₱174.40 and ₱175.00 because these are the second and third dominant ranges, respectively. It’s not far from impossible that Jollibee will revisit these two other dominant ranges as trading resumes on Monday, October 26, 2020.
Like what I said above, there’s a confirmed buy signal when the stock’s 10SMACD combo and Momentum Power Indicator are bullish.
However, let’s see first if the True Market Sentiment supports this presence of a confirmed buy signal.
True Market Sentiment – EOD (October 23, 2020): Jollibee
True Market Sentiment: BEARISH
3 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: ₱175.7733
Top 10 Players’ Selling Average: ₱176.4789
5 out of 62 participants, or 8.06% of all participants, registered a 100% BUYING activity
22 out of 62 participants, or 35.48% of all participants, registered a 100% SELLING activity
True Market Sentiment – WTD (October 19-23, 2020): Jollibee
True Market Sentiment: BEARISH
3 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: ₱168.6346
Top 10 Players’ Selling Average: ₱169.4383
5 out of 101 participants, or 4.95% of all participants, registered a 100% BUYING activity
29 out of 101 participants, or 28.71% of all participants, registered a 100% SELLING activity
True Market Sentiment – MTD (October 1-23, 2020): Jollibee
True Market Sentiment: BEARISH
5 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: ₱159.0689
Top 10 Players’ Selling Average: ₱160.5710
7 out of 105 participants, or 6.67% of all participants, registered a 100% BUYING activity
19 out of 105 participants or 18.10% of all participants registered a 100% SELLING activity
The True Market Sentiment of Jollibee on three timeframes is a kill-joy to the bullishness of its 10SMACD and Momentum Power Indicator. This contradicting sentiment reminds us to be logical and tactical but not overly emotional in our next decision. I’ll give you the significance of this True Market Sentiment’s rating in my recommendations.
Recommendations
This recommendation is for you if you have Jollibee and if your trailing stop is still intact. You may buy more shares within the mentioned dominant ranges. Do not use your buying power in a “one time, big time” fashion if it’s relatively sizable. Buy in tranches.
Would you like to know how I divide my buying power into tranches? If I have ₱1 million, I divide it into 5 to 10 tranches. If I have ₱100,000.00, I divide it into two tranches. There’s no universal or standard size for a tranche. The division is always done subjectively.
I don’t recommend buying at any random price under the Ask column. Ask any of our clients. They know that very well and why. The rationale is explained in our online stock market course.
On the other hand, it’s also logical to hold your position and not buy more shares if you’re a low-risk investor. Why is this still a logical option? It’s because the True Market Sentiment across three timeframes is bearish. I’m not saying it’ll surely happen, but the bearish True Market Sentiment in all three timeframes is a data-driven reminder for the possibility of profit-taking near ₱186.20. If you’re a new and low-risk investor, you don’t want to buy your first shares near the resistance, especially when those who entered earlier than you are already preparing to sell. Again, I’m not saying that’s what is happening or will happen. My speculation is data-driven. Data-driven speculation has more integrity than a baseless forecast, after all.
Now, if you don’t have Jollibee in your portfolio yet, you may also consider the pieces of advice I gave to those who already have JFC. However, before you buy your first shares (if you’re yet to enter a new position), you must calculate your reward-to-risk ratio. The reward-to-risk ratio calculation is always that one extra process you need to do if you’re to buy your first shares. You don’t need to do this calculation if you’re only topping up (buying more shares in addition to what you already have).
The rationale is this: you want to make sure that the potential gain you’re vying for is bigger than the potential loss. For new and low-risk investors, I recommend that you buy when your entry price (within the dominant range) is closer to the immediate support than the resistance. You can use our reward-to-risk ratio calculator (and other calculators) in the TOOLS tab of our online stock market library for free.
What’s Next?
Are you one of our clients at Equilyst Analytics? You’ll see our updated recommendation for Jollibee in our Investment Guide for Long-term Investors table. You may also ask questions in the thread of Jollibee in our Private Clients Forum. We’ll guide you as trading happens. Our analysts are on stand-by for you.
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
