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.
your recommendations were a great help
Sir Jaycee, I already received the report of the stocks that I send to you last time.Your recommendations were a great help to do appropriate actions on my stocks.Thank you so much and God bless.’Til next time.-Ed-
gives me additional knowledge on how to work and treat my current stocks
Stock Signals gives me additional knowledge on how to work and treat my current stocks. It is giving me a guide on how to be careful with trading with specific stocks. Overall I am very satisfied. Keep up the good work and more power!
helpful in deciding when and what to buy or sell
This is to confirm receipt of the report. Find this to be very helpful in deciding when and what to buy or sell or shift the investment to other stocks in the portfolio. Thanks again and may your tribe increase!
Conrad
best among Truly Rich Club and Pinoy Investor
I’m amazed at how Sir Jaycee managed to have the Stock Signals cater both newbie and experienced stock traders and investors. I already tried Truly Rich Club and Pinoy Investor. I compared his service with the BoH of Jiego Mojica. He has won me with the way he communicates and how he presents technical information in an easy-to-understand form. In my opinion, he has outclassed those other services. I believe I’ll be staying as a Stock Signals subscriber for a very long time.
thanks for the analysis and advice
Hi Jaycee,
Thanks for the analysis and advice. You are right, I got the stock since last year and have been holding
on to it for the longest time. It’s time to just sell it and reinvest in other more worthwhile stocks.
It helps me a lot in decision making
Hello sir, good day!Thanks a lot for the free newsletters you shared. It helped me a lot in decision making in selecting good stocks. More power to you, and thank you so much!!!
easy to understand
Dear Jaycee,
Thank you for your concise report of my stocks. The way you presented is really simple and plain that anyone can understand it
such a good instrument in educating
Thank you so much for the free insights! You’ve been such a good instrument in educating a lot people when it comes to the stock market and personal finance.
very good guide for me
Hi, Jaycee.
I got your report. It’s a very good guide for me on what to do with my stocks. Thanks a lot.
Regards,
Frank
Thank you so much for this Jaycee!
Thank you so much for this Jaycee! I’ll follow your recommendations.
Jen
- 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
