Metro Pacific Investments Corporation (PSE:MPI) is priced at ₱3.92 per share as of 03:30 PM GMT+8 on December 4, 2019. It is down by 10.71 percent.
The Total Turnover Value is at ₱528,432,550.00. The local traders are the main drivers of MPI today.
Foreign investors registered a Net Foreign Selling worth ₱297,898,120.00. They are net buyers year-to-date.
The immediate support is near ₱3.50, while the immediate resistance is near ₱4.17.
My 10SMACD combo is bearish.
MPI’s risk level is moderate due to its historical volatility score of 68.95 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 3.92
VWAP: ₱3.99411
Dominant Range: ₱3.94 – ₱4.06
The Momentum Power Indicator of MPI is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on MPI as of Dec-04-2019 at 03:30PM, with a last price of ₱3.920
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱3.9901
Top 10 Players’ Selling Average: ₱3.9827
Bonus Info:
45 out of 93 participants or 48.39% of all participants registered a 100% BUYING activity
5 out of 93 participants or 5.38% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on MPI from Dec-02-2019 to Dec-04-2019 at 03:30PM, with a last price of ₱3.920
True Market Sentiment: BEARISH
4 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: ₱4.1390
Top 10 Players’ Selling Average: ₱4.1128
Bonus Info:
39 out of 94 participants or 41.49% of all participants registered a 100% BUYING activity
3 out of 94 participants or 3.19% of all participants registered a 100% SELLING activity
Recommendations
Do you have MPI in your portfolio already?
If you are holding this stock until now, your best friend is your trailing stop. Once your trailing stop gets hit, no IFS and BUTS, exit that trade. The downtrend momentum intensifies when the price broke the support below ₱4.17. The historical volatility jumped from low to moderate risk. Today’s Net Foreign Selling worth ₱297,898,120.00 is the biggest one-day NFS since March 28, 2017. There are no confirmed buy signals so don’t blindly follow the buy-the-dips mentality.
You don’t have MPI yet but are you planning to enter a new position?
I would suggest to wait for the meantime until we can clearly see where the price would want to rebound. Once we have a confirmed buy signal, which means both 10SMACD and Momentum Power Indicator are bullish, then, you can do a test-buy within the dominant range of the Trade and Volume Distribution. Make sure that you are happy with your reward-to-risk ratio before entering the trade.
If you’re one of our subscribers at Equilyst Analytics, I highly recommend that you request for our latest analysis and recommendation for MPI in our Private Clients Forum when you see a significant change in price and volume.
If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you need to.
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