I’m sharing with you the intraday Market Sentiment Index rating for CREIT, CNVRG, NIKL, ACEN, and FILRT as the stocks with most viewed disclosures on PSE Edge as of November 10, 2023.
The Market Sentiment Index indicator discussed in this report is my proprietary creation, and I am the sole authority on its methodology for determining bearish and bullish ratings, as well as the specific criteria it considers.
The market sentiment helps me estimate if the prevailing direction of the share price is likely to continue or reverse.
For example, if the stock is in a downtrend and the prevailing market sentiment is bearish, it means the downtrend is likely to continue.
If the stock is in a downtrend, but the market sentiment turns bullish, it’s a sign that investors might see a bullish reversal.
Again, and again, notice the adverbs I’m using – “likely” and “might”. We’re still talking about probabilities and not certainties.
Still, it’s better to be data-driven and be proven wrong by the market than make decisions based on gut feeling alone. The former gives you the opportunity to optimize something while the latter doesn’t.
This brief explanation of what and how my Market Sentiment Index works cannot paint the entire picture. You can only appreciate it fully if you understand the principles behind it. If your portfolio’s size is more than P1 million, you may consider enrolling yourself to my online one-on-one masterclass. For four straight hours, I’ll teach you my entire stock investment strategy so you’ll know how I preserve my capital, protect gains, and prevent unbearable losses.
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CREIT
Market Sentiment Index: BULLISH
6 of the 10 participating brokers, or 60.00% of all participants, registered a positive Net Amount
5 of the 10 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
10 Participating Brokers’ Buying Average: ₱2.54521
10 Participating Brokers’ Selling Average: ₱2.54230
4 out of 10 participants, or 40.00% of all participants, registered a 100% BUYING activity
2 out of 10 participants, or 20.00% of all participants, registered a 100% SELLING activity
CNVRG
Market Sentiment Index: BEARISH
11 of the 25 participating brokers, or 44.00% of all participants, registered a positive Net Amount
12 of the 25 participating brokers, or 48.00% of all participants, registered a higher Buying Average than Selling Average
25 Participating Brokers’ Buying Average: ₱8.76332
25 Participating Brokers’ Selling Average: ₱8.77181
5 out of 25 participants, or 20.00% of all participants, registered a 100% BUYING activity
7 out of 25 participants, or 28.00% of all participants, registered a 100% SELLING activity
NIKL
Market Sentiment Index: BULLISH
17 of the 29 participating brokers, or 58.62% of all participants, registered a positive Net Amount
15 of the 29 participating brokers, or 51.72% of all participants, registered a higher Buying Average than Selling Average
29 Participating Brokers’ Buying Average: ₱5.33816
29 Participating Brokers’ Selling Average: ₱5.34923
13 out of 29 participants, or 44.83% of all participants, registered a 100% BUYING activity
8 out of 29 participants, or 27.59% of all participants, registered a 100% SELLING activity
ACEN
Market Sentiment Index: BULLISH
31 of the 42 participating brokers, or 73.81% of all participants, registered a positive Net Amount
29 of the 42 participating brokers, or 69.05% of all participants, registered a higher Buying Average than Selling Average
42 Participating Brokers’ Buying Average: ₱5.12083
42 Participating Brokers’ Selling Average: ₱5.13239
21 out of 42 participants, or 50.00% of all participants, registered a 100% BUYING activity
4 out of 42 participants, or 9.52% of all participants, registered a 100% SELLING activity
FILRT
Market Sentiment Index: BULLISH
17 of the 20 participating brokers, or 85.00% of all participants, registered a positive Net Amount
16 of the 20 participating brokers, or 80.00% of all participants, registered a higher Buying Average than Selling Average
20 Participating Brokers’ Buying Average: ₱2.98037
20 Participating Brokers’ Selling Average: ₱2.98310
15 out of 20 participants, or 75.00% of all participants, registered a 100% BUYING activity
1 out of 20 participants, or 5.00% of all participants, registered a 100% SELLING activity
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