Monde Nissin Corporation Technical Analysis
MONDE debuted in the Philippine Stock Exchange today, June 1, 2021, with a total turnover value of ₱3.2 billion. Thanks to the foreign investors for being responsible for 78 percent of this massive turnover value. Unfortunately, they only registered a net foreign buying worth ₱6 million. That wasn’t much help as the IPO stock closed at ₱13.48 per share, down by 0.1481 percent on its first day.
In this analysis, I’d like to share with you the status of the third, fifth, and sixth parameters of my Evergreen Strategy 2.0 when looking for a confirmed buy signal. Unfortunately, the first, second, and fourth parameters are inapplicable because MONDE doesn’t have much historical data yet.
Please read the other stock analyzes I’ve published in the LIBRARY section if you’re new to this website.
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱13.48
VWAP: ₱13.4866
Dominant Range: ₱13.48 – ₱13.52
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
47 of the 89 participating brokers, or 52.81% of all participants, registered a positive Net Amount
57 of the 89 participating brokers, or 64.04% of all participants, registered a higher Buying Average than Selling Average
89 Participating Brokers’ Buying Average: ₱13.49257
89 Participating Brokers’ Selling Average: ₱13.48684
19 out of 89 participants, or 21.35% of all participants, registered a 100% BUYING activity
16 out of 89 participants, or 17.98% of all participants, registered a 100% SELLING activity
Synthesis
I won’t be buying MONDE until I get a bullish score for all the three parameters I mentioned above. This is because MONDE doesn’t have a confirmed buy signal yet as far as the algorithm of my Evergreen Strategy 2.0 is concerned.
What should you do if you already have MONDE in your stock portfolio? You may hold your position if your trailing stop is intact and if either the Dominant Range Index or Market Sentiment Index is bullish. Sell once your trailing stop is hit. You may use my trailing stop calculator. On the other hand, consider reducing the risk percentage on your trailing stop once both the Dominant Range Index and Market Sentiment Index are bearish.
If you don’t have MONDE yet and you’re one of our clients or subscribers, you may ask for this stock’s Dominant Range Index and Market Sentiment Index in our online discussion board on our website to track if this stock already has a confirmed buy signal.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
data-driven analytics
his style is data driven analytics
he uses data to form his analysis
I like how he uses data to form his analysis, not only by mere hunch. This matches my style and how I approach the market.
No Title
Thank you for the one on one session. The basic technical analysis helps a lot in guiding amateurs in stock trading. The methodology used is apt and easy to understand.
Straight forward with accompanying guiding principles
So far, aggressive but confident. Straight forward with accompanying guiding principles.
Mr. Jaycee de Guzman's style is technical backed up by fundamentals.
Mr. Jaycee de Guzman’s style is technical backed up by fundamentals. It is data driven and his interpretation is accurate. His research on the issues is comprehensive and thorough.
It’s very informative especially to those who are new to the world of stock market.
It’s very informative especially to those who are new to the world of stock market.
He considers a lot of factors...to generate signals.
He considers a lot of factors like broker activities and foreign buying or selling and other momentum indicators to generate signals
I consider Mr. De Guzman's analytical style as an unique and crowd-friendly strategy
I consider Mr. De Guzman’s analytical style as an unique and crowd-friendly strategy that can be used by anyone who already has basic knowledge in stock investment.
Very insightful
Read about MAH article Sept 2020. Very insightful
...well-researched analysis! He certainly knows what he's talking about.
Someone has shared a link to one of his analyses particularly about APL and I think it’s a well-researched analysis! He certainly knows what he’s talking about.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025