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.
Wilcon Depot (WLCON)
Market Sentiment Index: BULLISH
51 of the 67 participating brokers, or 76.12% of all participants, registered a positive Net Amount
43 of the 67 participating brokers, or 64.18% of all participants, registered a higher Buying Average than Selling Average
67 Participating Brokers’ Buying Average: ₱25.96910
67 Participating Brokers’ Selling Average: ₱26.06353
26 out of 67 participants, or 38.81% of all participants, registered a 100% BUYING activity
5 out of 67 participants, or 7.46% of all participants, registered a 100% SELLING activity
D and L Industries (DNL)
Market Sentiment Index: BEARISH
38 of the 64 participating brokers, or 59.38% of all participants, registered a positive Net Amount
22 of the 64 participating brokers, or 34.38% of all participants, registered a higher Buying Average than Selling Average
64 Participating Brokers’ Buying Average: ₱7.06186
64 Participating Brokers’ Selling Average: ₱7.17323
12 out of 64 participants, or 18.75% of all participants, registered a 100% BUYING activity
9 out of 64 participants, or 14.06% of all participants, registered a 100% SELLING activity
Manila Electric Company (MER)
Market Sentiment Index: BEARISH
19 of the 71 participating brokers, or 26.76% of all participants, registered a positive Net Amount
22 of the 71 participating brokers, or 30.99% of all participants, registered a higher Buying Average than Selling Average
71 Participating Brokers’ Buying Average: ₱328.69864
71 Participating Brokers’ Selling Average: ₱329.38637
6 out of 71 participants, or 8.45% of all participants, registered a 100% BUYING activity
29 out of 71 participants, or 40.85% of all participants, registered a 100% SELLING activity
Megaworld Corporation (MEG)
Market Sentiment Index: BULLISH
46 of the 75 participating brokers, or 61.33% of all participants, registered a positive Net Amount
43 of the 75 participating brokers, or 57.33% of all participants, registered a higher Buying Average than Selling Average
75 Participating Brokers’ Buying Average: ₱1.99070
75 Participating Brokers’ Selling Average: ₱1.99532
20 out of 75 participants, or 26.67% of all participants, registered a 100% BUYING activity
13 out of 75 participants, or 17.33% of all participants, registered a 100% SELLING activity
Synergy Grid and Dev’t Phils. (SGP)
Market Sentiment Index: BEARISH
37 of the 78 participating brokers, or 47.44% of all participants, registered a positive Net Amount
33 of the 78 participating brokers, or 42.31% of all participants, registered a higher Buying Average than Selling Average
78 Participating Brokers’ Buying Average: ₱8.39755
78 Participating Brokers’ Selling Average: ₱8.48540
18 out of 78 participants, or 23.08% of all participants, registered a 100% BUYING activity
16 out of 78 participants, or 20.51% of all participants, registered a 100% SELLING activity
GT Capital Holdings (GTCAP)
Market Sentiment Index: BEARISH
31 of the 66 participating brokers, or 46.97% of all participants, registered a positive Net Amount
30 of the 66 participating brokers, or 45.45% of all participants, registered a higher Buying Average than Selling Average
66 Participating Brokers’ Buying Average: ₱498.15728
66 Participating Brokers’ Selling Average: ₱501.08902
12 out of 66 participants, or 18.18% of all participants, registered a 100% BUYING activity
12 out of 66 participants, or 18.18% of all participants, registered a 100% SELLING activity
Metro Pacific Investments Corporation (MPI)
Market Sentiment Index: BEARISH
33 of the 73 participating brokers, or 45.21% of all participants, registered a positive Net Amount
30 of the 73 participating brokers, or 41.10% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱4.41426
73 Participating Brokers’ Selling Average: ₱4.42158
15 out of 73 participants, or 20.55% of all participants, registered a 100% BUYING activity
13 out of 73 participants, or 17.81% of all participants, registered a 100% SELLING activity
JG Summit Holdings (JGS)
Market Sentiment Index: BEARISH
41 of the 68 participating brokers, or 60.29% of all participants, registered a positive Net Amount
25 of the 68 participating brokers, or 36.76% of all participants, registered a higher Buying Average than Selling Average
68 Participating Brokers’ Buying Average: ₱48.01060
68 Participating Brokers’ Selling Average: ₱48.44649
9 out of 68 participants, or 13.24% of all participants, registered a 100% BUYING activity
6 out of 68 participants, or 8.82% of all participants, registered a 100% SELLING activity
LT Group (LTG)
Market Sentiment Index: BULLISH
37 of the 64 participating brokers, or 57.81% of all participants, registered a positive Net Amount
36 of the 64 participating brokers, or 56.25% of all participants, registered a higher Buying Average than Selling Average
64 Participating Brokers’ Buying Average: ₱9.48950
64 Participating Brokers’ Selling Average: ₱9.49131
19 out of 64 participants, or 29.69% of all participants, registered a 100% BUYING activity
6 out of 64 participants, or 9.38% of all participants, registered a 100% SELLING activity
Nickel Asia Corporation (NIKL)
Market Sentiment Index: BULLISH
43 of the 70 participating brokers, or 61.43% of all participants, registered a positive Net Amount
35 of the 70 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
70 Participating Brokers’ Buying Average: ₱5.87277
70 Participating Brokers’ Selling Average: ₱5.92490
16 out of 70 participants, or 22.86% of all participants, registered a 100% BUYING activity
12 out of 70 participants, or 17.14% 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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