How and Why Do I Do Market Sentiment Analysis
Introducing my proprietary tool, the Market Sentiment Index, designed to gauge the consolidated sentiment of all brokers involved in trading a particular stock during a specified timeframe. Unlike what is available on standard stock broker platforms, this unique indicator is an exclusive creation of Equilyst Analytics.
The Market Sentiment Index plays a vital role in generating a comprehensive understanding of market sentiment, enabling us to determine whether the overall sentiment leans towards bullish or bearish. To accomplish this, it addresses the following key questions:
- How many participating brokers have recorded a positive Net Amount?
- How many participating brokers have registered a higher buying average compared to the selling average?
- What are the average buying and selling amounts across all participating brokers?
- How many participating brokers have engaged in 100% buying and selling activity?
As part of my data-driven sentiment analysis, the Market Sentiment Index acts as a neutralizer alongside other indicators within my Evergreen Strategy, which is a proprietary algorithm used for trading and investing in the Philippine stock market.
Consider a scenario where all the other indicators of my Evergreen Strategy indicate a bullish market outlook. However, if the Market Sentiment Index for a particular stock indicates a bearish sentiment, it serves as a data-driven reminder to exercise caution.
To proceed with caution, I closely monitor my trailing stop and refrain from purchasing during dips unless a confirmed buy signal is generated by my Evergreen Strategy. Additionally, I adopt a proactive approach by trimming losses or selling all shares if the Market Sentiment Index and Dominant Range Index of a stock have consecutively exhibited bearish trends for 2 to 3 days, even if my trailing stop is still intact. I refer to this proactive action as pre-empting my trailing stop, prioritizing risk management in response to prevailing market conditions.
In this complimentary report, it is my pleasure to present the Market Sentiment Index for the following stocks, accompanied by their corresponding date and time stamps as depicted on their charts. I invite you to delve into this insightful information and leverage it to enhance your understanding of the market dynamics surrounding these stocks.
SM Prime Holdings (SMPH)
Market Sentiment Index: BULLISH
16 of the 30 participating brokers, or 53.33% of all participants, registered a positive Net Amount
15 of the 30 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱32.89108
30 Participating Brokers’ Selling Average: ₱32.94027
7 out of 30 participants, or 23.33% of all participants, registered a 100% BUYING activity
3 out of 30 participants, or 10.00% of all participants, registered a 100% SELLING activity
BDO Unibank (BDO)
Market Sentiment Index: BULLISH
18 of the 30 participating brokers, or 60.00% of all participants, registered a positive Net Amount
17 of the 30 participating brokers, or 56.67% of all participants, registered a higher Buying Average than Selling Average
30 Participating Brokers’ Buying Average: ₱138.71847
30 Participating Brokers’ Selling Average: ₱138.74690
8 out of 30 participants, or 26.67% of all participants, registered a 100% BUYING activity
7 out of 30 participants, or 23.33% of all participants, registered a 100% SELLING activity
Bank of the Philippine Islands (BPI)
Market Sentiment Index: BULLISH
21 of the 33 participating brokers, or 63.64% of all participants, registered a positive Net Amount
20 of the 33 participating brokers, or 60.61% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱101.04559
33 Participating Brokers’ Selling Average: ₱101.01437
10 out of 33 participants, or 30.30% of all participants, registered a 100% BUYING activity
6 out of 33 participants, or 18.18% of all participants, registered a 100% SELLING activity
Robinsons Land Corporation (RLC)
Market Sentiment Index: BEARISH
7 of the 22 participating brokers, or 31.82% of all participants, registered a positive Net Amount
10 of the 22 participating brokers, or 45.45% of all participants, registered a higher Buying Average than Selling Average
22 Participating Brokers’ Buying Average: ₱14.26521
22 Participating Brokers’ Selling Average: ₱14.29154
5 out of 22 participants, or 22.73% of all participants, registered a 100% BUYING activity
9 out of 22 participants, or 40.91% of all participants, registered a 100% SELLING activity
AgriNurture (ANI)
Market Sentiment Index: BULLISH
11 of the 18 participating brokers, or 61.11% of all participants, registered a positive Net Amount
13 of the 18 participating brokers, or 72.22% of all participants, registered a higher Buying Average than Selling Average
18 Participating Brokers’ Buying Average: ₱7.34812
18 Participating Brokers’ Selling Average: ₱7.34646
8 out of 18 participants, or 44.44% of all participants, registered a 100% BUYING activity
1 out of 18 participants, or 5.56% of all participants, registered a 100% SELLING activity
Need Help?
If you are in need of further assistance and a more profound comprehension of my Market Sentiment Index, alongside the comprehensive principles encapsulated within my Evergreen Strategy When Trading and Investing in the Philippine Stock Market, I invite you to explore my stock market consultancy service. Through a personalized 1-on-1 online workshop, I will provide invaluable insights into capital preservation, gain protection, and effective loss prevention techniques. Choose from our range of three comprehensive packages, tailored to suit your specific needs. To discover more about these packages and to schedule a session, please do not hesitate to contact me. Click here to view the available packages.
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