Macroasia Corporation (PSE:MAC) closed at ₱2.09 per share as of 03:30 PM GMT+8 on December 18, 2019. It went up by 3.47 percent.
The Total Turnover Value was ₱44,957,312.00. The foreign traders were the main drivers of MAC today.
Foreign investors registered a Net Foreign Selling worth ₱25,152,564.00. They are net buyers year-to-date.
The immediate support is near ₱16.65, while the immediate resistance is near ₱18.21.
Our 10SMACD combo is bearish.
MAC’s risk level is low due to its historical volatility score of 29.56 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 16.9
VWAP: ₱17.0804
Dominant Range: ₱17.1 – ₱17.2
The Momentum Power Indicator of MAC is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on MAC as of Dec-18-2019 at 03:30PM, with a last price of ₱16.90
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱17.0981
Top 10 Players’ Selling Average: ₱17.0953
Bonus Info:
13 out of 35 participants or 37.14% of all participants registered a 100% BUYING activity
3 out of 35 participants or 8.57% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on MAC from Dec-16-2019 to Dec-18-2019 at 03:30PM, with a last price of ₱16.90
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: ₱17.0679
Top 10 Players’ Selling Average: ₱17.0512
Bonus Info:
17 out of 41 participants or 41.46% of all participants registered a 100% BUYING activity
5 out of 41 participants or 12.20% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on MAC from Dec-02-2019 to Dec-18-2019 at 03:30PM, with a last price of ₱16.90
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: ₱17.3715
Top 10 Players’ Selling Average: ₱17.3395
Bonus Info:
12 out of 47 participants or 25.53% of all participants registered a 100% BUYING activity
5 out of 47 participants or 10.64% of all participants registered a 100% SELLING activity
Recommendations
Do you have MAC in your portfolio already?
It’s not a good time to trade MAC based on the data we’ve reviewed. But if you honestly say that your trailing stop is still intact, we would advise that you reduce the percentage of risk on your trailing stop. Do not top up. Do not average down until both 10SMACD and Momentum Power Indicator are bullish.
You don’t have MAC yet but are you planning to enter a new position?
There’s zero confirmed buy signal. Monitor it for now. Ask for our latest analysis in our Private Clients Forum when you see that the price moves above MAC’s 10-day simple moving average.
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✅ Lesson 5: how to identify the best price range to trade
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