Metropolitan Bank and Trust Company (PSE:MBT) is priced at ₱70.9 per share, up by 3.05 percent, as of 03:30 PM GMT+8 on October 18, 2019.
The Total Turnover Value is at ₱567,291,572.00. The foreign traders are the main drivers of MBT today.
Foreign investors registered a Net Foreign Selling worth ₱47,692,454.00. They are net seller year-to-date.
The immediate support is near ₱70.60, while the immediate resistance is near ₱78.20.
My 10SMACD combo is bullish.
MBT’s risk level is low due to its historical volatility score of 28.13 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.
Trade-Volume Distribution Analysis
Last Price: 70.9
VWAP: 70.605461
Most Traded: 70.9 – 71
Most Voluminous: 70.9 – 71
The Momentum Power Indicator of MBT is bullish because all 4 of 4 elements are bullish. The upward movement of the price is more than likely to continue as of the time of writing this analysis.
True Market Sentiment Analysis
True Market Sentiment on MBT as of Oct-18-2019 at 03:30PM, with a last price of 70.900.
True Market Sentiment: NEUTRAL
7 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: 70.6220
Top 10 Players’ Selling Average: 70.6226
Bonus Info:
13 out of 72 participants or 18.06% of all participants registered a 100% BUYING activity
22 out of 72 participants or 30.56% of all participants registered a 100% SELLING activity
The majority of the top 10 brokers are neutral on MBT.
If the 10SMACD and the Momentum Power Indicator are both bullish, a bullish True Market Sentiment is a positive technical catalyst that can push the price even higher. The opposite is true if the 10SMACD and Momentum Power Indicator are both bearish.
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Recommendations
Assuming your trailing stop is still intact and you’d like to top up, you have data-driven reasons to top up within the dominant range since the 10SMACD and Momentum Power Indicator are both bullish. Please make sure that you do an upward adjustment on your trailing stop every time the price goes higher. You may use my Trailing Stop Calculator.
If you are planning to enter a new position on this stock, I suggest that you calculate your reward-to-risk ratio first. You can use my Reward-to-Risk Ratio Calculator. If you’re happy with that ratio, then, you can test-buy within the dominant range. Calculate your trailing stop immediately once the stock enters your portfolio.
Please note that the neutral true market sentiment is a sign that the majority of the top 10 brokers of MBT are eavesdropping with each other’s next move. Perhaps, they’re thinking if MBT’s price is sustainable above the newly-broken resistance, which is now acting as MBT’s immediate support.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this allows us to alert of you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
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