Out of eight mining stocks, only three of them currently exhibit bullish trends above their respective 200-day simple moving averages.
By classical interpretation, it is believed that a stock is bullish in the long-term if its last price trades above its 200-day simple moving average (SMA).
In this report, I will not only reveal the names of these three mining stocks but also provide their month-to-date market sentiment data from September 1, 2023, to September 12, 2023.
Please note that 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 parameters it considers.
I have extensively explained my use of the Market Sentiment Index in decision-making in numerous articles on this website. You can easily access them by using the SEARCH box in the ANALYSES section and searching for “market sentiment.”
If you prefer a more tailored approach, you can take advantage of my stock investment consultancy service.
It’s important to clarify that this article about mining stocks is for informational purposes only, and I am not providing stock recommendations. I employ a proprietary methodology to identify confirmed buy signals, which I can further discuss if you are interested in gaining independent investment insights through my stock investment consultancy service.
Global Ferronickel Holdings (FNI)
Last Price: P2.73
Distance of the Last Price Above the 200-day SMA: 12%
Market Sentiment Index: BEARISH
16 of the 48 participating brokers, or 33.33% of all participants, registered a positive Net Amount
12 of the 48 participating brokers, or 25.00% of all participants, registered a higher Buying Average than Selling Average
48 Participating Brokers’ Buying Average: ₱2.69896
48 Participating Brokers’ Selling Average: ₱2.70752
0 out of 48 participants, or 0.00% of all participants, registered a 100% BUYING activity
21 out of 48 participants, or 43.75% of all participants, registered a 100% SELLING activity
Semirara Mining and Power Corporation (SCC)
Last Price: P34.15
Distance of the Last Price Above the 200-day SMA: 12%
Market Sentiment Index: BEARISH
31 of the 86 participating brokers, or 36.05% of all participants, registered a positive Net Amount
28 of the 86 participating brokers, or 32.56% of all participants, registered a higher Buying Average than Selling Average
86 Participating Brokers’ Buying Average: ₱32.72188
86 Participating Brokers’ Selling Average: ₱33.25647
10 out of 86 participants, or 11.63% of all participants, registered a 100% BUYING activity
20 out of 86 participants, or 23.26% of all participants, registered a 100% SELLING activity
Apex Mining Corporation (APX)
Last Price: P2.67
Distance of the Last Price Above the 200-day SMA: 14%
Market Sentiment Index: BEARISH
29 of the 60 participating brokers, or 48.33% of all participants, registered a positive Net Amount
26 of the 60 participating brokers, or 43.33% of all participants, registered a higher Buying Average than Selling Average
60 Participating Brokers’ Buying Average: ₱2.66639
60 Participating Brokers’ Selling Average: ₱2.71037
11 out of 60 participants, or 18.33% of all participants, registered a 100% BUYING activity
12 out of 60 participants, or 20.00% of all participants, registered a 100% SELLING activity
Which of These 3 Mining Stocks Do You Already Have?
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