Manila Electric Company Analysis: Is MER More Likely to Move Closer to ₱296.60?

Manila Electric Company (PSE:MER) closed at ₱266.20 per share as of 03:30 PM GMT+8 on April 8, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱86,251,898.00. The foreign traders were the main drivers of Manila Electric Company today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱493,434.00. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.

The immediate support is near ₱255.50, while the immediate resistance is near ₱296.60.

Our 10SMACD combo is bullish.

MER’s risk level is moderate due to its historical volatility score of 51.89 percent.

Trade-Volume Distribution

Last Price: ₱ 266.20
VWAP: ₱260.64275
Dominant Range: ₱266.20 – ₱266.20

The Momentum Power Indicator of Manila Electric Company is bullish.

True Market Sentiment

True Market Sentiment on MER as of Apr-08-2020 at 03:30PM with a last price of ₱266.20
True Market Sentiment: NEUTRAL
5 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: ₱260.7293
Top 10 Players’ Selling Average: ₱260.5917
Bonus Info:
12 out of 45 participants or 26.67% of all participants registered a 100% BUYING activity
10 out of 45 participants or 22.22% of all participants registered a 100% SELLING activity

Recommendations

Do you have Manila Electric Company in your portfolio already?

You may top up since the 10SMACD and the Momentum Power Indicator of MER are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time MER registers a higher prevailing price.

You don’t have Manila Electric Company yet but are you planning to do a test-buy?

There is a buy signal confirmation for MER already, but make sure that you calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Don’t buy at any random price under the ASK column. Remember to do an upward adjustment on your trailing stop when the stock registers a higher price.

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Author
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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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