I need to explain this to you if you’re new to this website. I developed a proprietary strategy for stock trading and investing exclusively for the clients of Equilyst Analytics. I’m the author of “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0”. In this overhauled strategy, there are six technical parameters that must get a bullish rating for a stock to get a confirmed buy signal.
All subscribers of Equilyst Analytics get an exclusive access to the course manual I wrote for this proprietary strategy. I wrote a complete guide for newbies and experienced traders and investors on how to find stocks worthy to be in your watchlist, how to look for a confirmed buy signal, how to buy logically and strategically, and how to sell with calculated risks. I also included flowcharts and screenshots aside from the step-by-step instructions I wrote in layman’s terms. All you have to do is read with comprehension and ask in our online discussion board for clarification. The ultimate goal is for you to learn how to invest independently and trade tactically in the Philippine stock market.
In my write-up for today, June 17, 2021, I’d like to share with you if I found a confirmed buy signal for the following stocks:
- Nickel Asia Corporation (PSE:NIKL)
- Century Pacific Food, Inc. (PSE:CNPF)
- Universal Robina Corporation (PSE:URC)
Before I start laying down the numbers, I want you to understand that this write-up isn’t an inclusion of our stock market consultancy service. I only write freebies like this when I feel like doing it. I also don’t guarantee that I will be able to respond to comments in this post. My focus and priority are the questions of our subscribers posted in our private discussion group on our website. It’s still best to consider subscribing to our stock market consultancy service so you can pick my brain. There’s so many pieces of the puzzle that aren’t in this write-up.
Nickel Asia Corporation (PSE:NIKL)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: NO
Parameter 5: Is its Dominant Range Index bullish?
Answer: NO
Dominant Range Index: BEARISH
Last Price: ₱5.20
VWAP: ₱5.1650
Dominant Range: ₱5.10 – ₱5.20
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
27 of the 47 participating brokers, or 57.45% of all participants, registered a positive Net Amount
21 of the 47 participating brokers, or 44.68% of all participants, registered a higher Buying Average than Selling Average
47 Participating Brokers’ Buying Average: ₱5.13864
47 Participating Brokers’ Selling Average: ₱5.17464
18 out of 47 participants, or 38.30% of all participants, registered a 100% BUYING activity
14 out of 47 participants, or 29.79% of all participants, registered a 100% SELLING activity
Verdict for NIKL
NIKL has no confirmed buy signal.
Century Pacific Food, Inc. (PSE:CNPF)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: NO
Parameter 5: Is its Dominant Range Index bullish?
Answer: NO
Dominant Range Index: BULLISH
Last Price: ₱23.00
VWAP: ₱22.8673
Dominant Range: ₱22.80 – ₱23.00
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
12 of the 24 participating brokers, or 50.00% of all participants, registered a positive Net Amount
12 of the 24 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
24 Participating Brokers’ Buying Average: ₱22.72387
24 Participating Brokers’ Selling Average: ₱22.90303
8 out of 24 participants, or 33.33% of all participants, registered a 100% BUYING activity
5 out of 24 participants, or 20.83% of all participants, registered a 100% SELLING activity
Verdict for CNPF
CNPF has no confirmed buy signal.
Universal Robina Corporation (PSE:URC)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Parameter 4: Is its last price higher than its volume-weighted average price?
Answer: YES
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BEARISH
Last Price: ₱139.10
VWAP: ₱141.0491
Dominant Range: ₱139.10 – ₱142.00
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
27 of the 40 participating brokers, or 67.50% of all participants, registered a positive Net Amount
20 of the 40 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
40 Participating Brokers’ Buying Average: ₱141.37611
40 Participating Brokers’ Selling Average: ₱141.50061
12 out of 40 participants, or 30.00% of all participants, registered a 100% BUYING activity
4 out of 40 participants, or 10.00% of all participants, registered a 100% SELLING activity
Verdict for URC
URC has a confirmed buy signal.
Reminders
- You must calculate your reward-to-risk ratio after getting a confirmed buy signal. You should only buy shares of that stock if you’re satisfied with your reward-to-risk ratio. Do not buy if you’re not happy with the ratio even if there’s a confirmed buy signal.
- You may use my reward-to-risk ratio calculator, trailing stop calculator, and other trading calculators.
- Keep in mind the reminders I wrote in the course manual of The Evergreen Strategy 2.0 whenever either of the Dominant Range Index or Market Sentiment Index turns bearish.
- If you’re one of our subscribers and you have follow-up questions regarding the stocks I discussed in this write-up, please ask in our private online discussion group so I can answer you in detail. I do not guarantee a reply to comments in my free write-ups.
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