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.
thank you so much for your encouraging words of advice
Thank you so much for your encouraging words of advice. God bless you always.
Great knowledge-investment
This is a great knowledge-investment webinar for everyone.
Precise, simple and easy to understand which every filipinos can understand in different walks in life. Regardless if you have a day job, entrepreneur and working overseas, you can invest in the Phlippine stock market! Thru d help of our passionate gurus like sir jaycee and sir nino, you can learn the basics and start investing too!
Thank you sir jaycee and sir nino for a wonderful webinar. I hope that you will continue to do ur passion in helping a lot of filipinos in the world of stocks!. God bless.
discipline, psychology, and strategy all in one subscription
I’ve been an investor for 9 months but not once did I feel any direction in what I was doing until I subscribed to the Stock Signals. The Stock Signals should be the very first investment you should get before you start trading the market. You’ll learn discipline, psychology, and strategy all in one subscription.
Thank you so much...
I found your newsletter of much help for a newbie like me in the stock market. Thank you so much…
good content
Hi Jaycee, Thanks for regularly coming out with updates. These help me to focus my research on potential positions. You have good content and please keep it up!
every article from you is a big help to me
Thanks sir.. every article from you is a big help to me.. keep on sending..
again thank u.
It's very comprehensive
I have learned a lot from Jaycee’s analysis. It’s very comprehensive. Much more detail is being dug to further understand what is going on in a stock which might help us what could possibly happen on the next trading day. Awesome insights!
More power to what you're doing
Thanks a lot, Sir Jaycee and god bless. More power to what you’re doing, it really helps a lot. I hope still can continue with your program and learn more from you about investing.
Best Regards,
Aldrin
Very good guide
Very good guide
very informative for newbies like me
Sir Jaycee,
Good day! I am one of your followers when it comes to investing. I find it very informative for newbies like me. I would like to upgrade my account to Serial and Super Investor to view your Top Stock Picks. Thank you very much.
Regards,
Poll
- 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
