Now Corporation (NOW) did not let its share price cross below the mid-section of 8.48 and 5.79, its support and resistance levels, respectively. NOW recovered above its 10-day SMA as it closed at 8.02 as of 26 April 2018.
Today’s recovery is not a confirmation that NOW is already out of the woods as the Stochastic Daily still puts NOW inside the oversold territory.
If you know how to read your intraday chart, you’ll see that the majority of NOW’s volume was registered:
- 30 minutes from the opening bell
- 30 minutes after recess
- 30 minutes before closing
Price-Volume Distribution
The most-traded price points today were 7.90, 7.70, 7.80, 7.85, 8.02, and so on. Take note of these price points as they may play another role by the next trading day.
Volume
NOW’s bullish price was supported by volume. I see that today’s volume crossed above NOW’s 30-day volume average.
Let me tell you my classical interpretation of my volume chart. When the volume crosses above the stock’s 30-day volume average, the price trend is more likely to continue.
Again, that’s my classical interpretation of this chart. As always, the price direction changes when sentiments change. Remember that.
Foreign Fund Flow
On a 30-day trading period, NOW is on a Net Foreign Selling worth PHP43,410,110.00.
Today’s Net Foreign Buying isn’t enough to outpower the strong Net Foreign Selling days.
Top 10 Players’ Sentiment – April 2 to 26, 2018
Participants with a 100% Buying and Selling Activity from Apr-02-2018 to Apr-26-2018 at 03:30PM:
- 8 out of 107 participants or 7.48% of all participants registered a 100% BUYING activity
- 5 out of 107 participants or 4.67% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 8.3636
- Top 10 Players’ Selling Average: 8.3369
The top 10 players’ psychological average price from April 2 to 26 is between 8.3636 and 8.3369.
Top 10 Players’ Sentiment – April 23 to 26, 2018
Participants with a 100% Buying and Selling Activity from Apr-23-2018 to Apr-26-2018 at 03:30PM:
- 11 out of 86 participants or 12.79% of all participants registered a 100% BUYING activity
- 4 out of 86 participants or 4.65% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 7.5141
- Top 10 Players’ Selling Average: 7.4891
The top 10 players’ psychological average price from April 23 to 26 is between 7.4891 and 7.5141.
Top 10 Players’ Sentiment – April 26, 2018
Participants with a 100% Buying and Selling Activity as of Apr-26-2018 at 03:30PM:
- 7 out of 73 participants or 9.59% of all participants registered a 100% BUYING activity
- 23 out of 73 participants or 31.51% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 7.6786
- Top 10 Players’ Selling Average: 7.7008
The top 10 players’ psychological average price as of 26 April 2018 is between 7.6786 and 7.7008.
Why Did I Invent the Top 10 Players Chart and Sentiment Generator?
I needed to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
I needed to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
I needed to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
I wanted to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
I wanted to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
I am a creator. I am not fond of being content with the tools that have been made available even before I was born. At least, if it’s my own invention, I know to the tee what it can and cannot do.
I’ve created the Top 10 Players chart and sentiment generator as I solution to all the things that I need to know, like what I’ve mentioned above.
Brokers have the data. But I need information (processed data). I can’t wait until a broker creates what I need. So I created what I needed.
Today, I’d like to share with you one of the many proprietary pieces of information that our clients at Equilyst Analytics find useful.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If I know the psychological average price of the top 10 brokers who have traded a stock, I can calculate in my mind how much more could a trader, with an x percentage of risk tolerance, afford to hold should the stock’s price go south.
Risk Level
NOW has a high-risk level.
Are you a beginner? I suggest that you limit yourself with low- to moderate-risk level stocks for the meantime. Do not rush yourself. Get some experience first. Eventually, your confidence level will be backed by knowledge and your conviction to trade high- to extremely high-risk level stocks will become data-driven.
Did You Find My Free Report Helpful?
Let me know in the comments. I love to read comments, especially those expressions of appreciation.
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