Megaworld Corporation (PSE:MEG) is priced at ₱4.65 per share as of 03:30 PM GMT+8 on November 20, 2019. It is down by 2.31 percent.
The Total Turnover Value is at ₱57,352,390.00. The foreign traders are the main drivers of MEG today.
Foreign investors registered a Net Foreign Selling worth ₱57,352,390.00. They are net buyers year-to-date.
The immediate support is near ₱4.37, while the immediate resistance is near ₱5.00.
My 10SMACD combo is bearish.
MEG’s risk level is low due to its historical volatility score of 23.64 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 4.65
VWAP: ₱4.69025
Dominant Range: ₱4.65 – ₱4.69
The Momentum Power Indicator of MEG is bearish because all of 4 elements are bearish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on MEG as of Nov-20-2019 at 03:30PM, with a last price of ₱4.650
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱4.6838
Top 10 Players’ Selling Average: ₱4.6809
Bonus Info:
20 out of 41 participants or 48.78% of all participants registered a 100% BUYING activity
6 out of 41 participants or 14.63% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on MEG from Nov-18-2019 to Nov-20-2019 at 03:30PM, with a last price of ₱4.650
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: ₱4.7135
Top 10 Players’ Selling Average: ₱4.7136
Bonus Info:
19 out of 54 participants or 35.19% of all participants registered a 100% BUYING activity
8 out of 54 participants or 14.81% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on MEG from Nov-04-2019 to Nov-20-2019 at 03:30PM, with a last price of ₱4.650
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: ₱4.8314
Top 10 Players’ Selling Average: ₱4.8351
Bonus Info:
16 out of 83 participants or 19.28% of all participants registered a 100% BUYING activity
12 out of 83 participants or 14.46% of all participants registered a 100% SELLING activity
Recommendations
Do you have MEG in your portfolio already?
If your trailing stop is still intact, I would recommend that you hold your position. Therefore, do not top up yet. With the price trading below ₱4.80, there is a possibility that it will go back near the support of ₱4.37 if the price will not recover above 10SMA.
You don’t have MEG but are planning to do a test-buy?
Postpone that for now. Wait for the 10SMACD and the Momentum Power Indicator to become bullish again near the support or better wait for a confirmed breakout at the resistance at ₱5.
Ask for our latest analysis and recommendation on SCC once you see a significant change in price and volume, especially when the volume is higher than the 10 percent of SCC’s 10-day volume average.
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