MER Stock Analysis: What to Do if You Still Have Meralco Shares in Your Portfolio?

Manila Electric Company (PSE:MER) closed at ₱310 per share as of 03:30 PM GMT+8 on December 12, 2019. It went down by 4.14 percent.

The Total Turnover Value was at ₱73,368,420.00. The foreign traders were the main drivers of MER today.

Foreign investors registered a Net Foreign Selling worth ₱12,603,086.00. They are net buyers year-to-date.

The immediate support is near ₱295.87, while the immediate resistance is near ₱318.14.

My 10SMACD combo is bearish.

MER’s risk level is low due to its historical volatility score of 31.63 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 310
VWAP: ₱313.40632
Dominant Range: ₱310 – ₱315.2

The Momentum Power Indicator of MER is bearish because all of 4 elements are bearish.

True Market Sentiment – EOD

True Market Sentiment on MER as of Dec-12-2019 at 03:30PM, with a last price of ₱310.0
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
1 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱312.3974
Top 10 Players’ Selling Average: ₱313.8932
Bonus Info:
18 out of 41 participants or 43.90% of all participants registered a 100% BUYING activity
5 out of 41 participants or 12.20% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on MER from Dec-09-2019 to Dec-12-2019 at 03:30PM, with a last price of ₱310.0
True Market Sentiment: BEARISH
3 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: ₱318.3525
Top 10 Players’ Selling Average: ₱318.5779
Bonus Info:
14 out of 52 participants or 26.92% of all participants registered a 100% BUYING activity
7 out of 52 participants or 13.46% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on MER from Dec-02-2019 to Dec-12-2019 at 03:30PM, with a last price of ₱310.0
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱320.5305
Top 10 Players’ Selling Average: ₱319.6333
Bonus Info:
11 out of 64 participants or 17.19% of all participants registered a 100% BUYING activity
15 out of 64 participants or 23.44% of all participants registered a 100% SELLING activity

Recommendations

Do you have MER in your portfolio already?

By this time, you should not have MER in your portfolio anymore. It would be difficult for me to believe that you truthfully have a percentage of tolerable risk that’s higher than 50 percent. On the other hand, I would recommend that you reduce your percentage of tolerable risk if you still have MER because your trailing stop is still intact. You can use my trailing stop calculator. Do not top up.

You don’t have MER yet but are you planning to enter a new position?

There is no confirmed buy signal yet for MER. Wait for the 10SMACD and Momentum Power Indicator to become bullish.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you see a significant change in price or volume.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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