Now Corporation (NOW) Technical Analysis
Now Corporation (NOW) closed on March 4, 2021 at ₱3.40 per share, up by 20.14 percent. Did the foreign investors significantly help in pushing the price at a higher level? No. Of the total turnover value of nearly ₱485 million, they only contributed more or less 2 percent. They registered a net foreign selling worth almost ₱7 million.
NOW’s immediate support is registered near ₱2.68, while its immediate resistance is around ₱4.00.
While the last candlestick of NOW soars above the 10-day simple moving average (SMA), I see an indecision sign between the buyers and the sellers. It’s evident by the positioning of the last candlestick’s body at the middle of the lower and upper wicks.
Meanwhile, MACD registered a golden cross above the signal line, which is a bullish signal. The +DMI also did the same above the -DMI.
Despite those bullish signals, I’d like to remind relatively new traders and investors about NOW’s sensitivity or risk level according to its 10-day historical volatility score of 125 percent. This stock has an extremely high sensitivity level. This means either erratic spikes or engulfing bodies of candlesticks were spotted within the past 10 trading days. This is not the kind of behavior that suits new traders who are still in the process of taming emotions with a process-oriented approach like my Evergreen Strategy 2.0.
Dominant Range Index
Dominant Range Index: Bearish
Last Price: ₱3.40
Intraday Low: ₱3.2100
Intraday High: ₱3.7800
VWAP: ₱3.5592
Dominant Range: ₱3.40 – ₱3.50
NOW’s Dominant Range Index is bearish because its dominant range is closer to the intraday low than the intraday high. Besides that, the last price is lower than its volume-weighted average price (VWAP).
Market Sentiment Index EOD – March 4, 2021
Market Sentiment Index: 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: ₱3.5581
Top 10 Players’ Selling Average: ₱3.5617
11 out of 83 participants, or 13.25% of all participants, registered a 100% BUYING activity
8 out of 83 participants, or 9.64% of all participants, registered a 100% SELLING activity
Market Sentiment Index WTD – March 1-4, 2021
Market Sentiment Index: 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: ₱3.5292
Top 10 Players’ Selling Average: ₱3.5341
12 out of 84 participants, or 14.29% of all participants, registered a 100% BUYING activity
5 out of 84 participants, or 5.95% of all participants, registered a 100% SELLING activity
The tug-of-war I mentioned above is evident by the bearish Market Sentiment Index across two timeframes (EOD and WTD). The number of participants that registered a 100 percent buying activity isn’t on a significant level.
Recommendations
There is no confirmed buy signal for NOW Corporation as of the market closing on March 4, 2021.
Even though the Day Change surged by 20.14 percent, my Evergreen Strategy 2.0 wants me to err on the side of caution, which perfectly suits a risk-averse investor like me.
If you already have a NOW position, and if your trailing stop remains intact, I advise that you hold your position. If you’re a low-risk investor, it’s better to reduce the percentage of risk on your trailing stop to lock-in more profits or reduce more potential losses. Don’t average down. It’s not the most logical time to do that yet. Wait for NOW to have a confirmed buy signal according to my Evergreen Strategy 2.0 if you’re under my mentorship or if you’re one of our clients at Equilyst Analytics.
If you don’t have a position on NOW yet, do not do a test-buy. You may add NOW to your watchlist if you still have an available slot. Then, ask for our latest NOW analysis in our Private Clients Forum as often as you deem necessary.
You can use my trading calculators. You’ll find them in the TOOLS tab of the LIBRARY page of Equilyst Analytics’ website.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
those who are reading your stock reviews are lucky in many diff ways
Hi Jaycee, I like the way you do stock picks and review. Your tools are amazing too, As an engineer, I valued accuracy and precision. I guess those who are reading your stock reviews are lucky in many diff ways.
I will expect to learn from you and hopefully become a better trader.
Hi Jaycee, I am a newbie here but whenever I will see your post in Instagrams… I always read it although its only partial. I will expect to learn from you and hopefully become a better trader.
You support well with both technical and fundamental analyses
I appreciate your analysis especially because it incorporates insights on the behavior of both local and foreign investment firms towards listed companies. You support well with both technical and fundamental analyses and insights and help provide justification for movements in such a way that you are promoting critical thinking while protecting investors and traders from falling into traps, especially those new to stocks. I especially like your emphasis on the importance of trade volume as a critical aspect of trading/investing considerations.
It's all worth every cent and more!
I’m very impressed with Jaycee De Guzman and his entire Stock Signals. Each time I open a thread in the forum, there’s always something new that I learn. I know some are hesitant to subscribe because the subscription fee is not as cheap as the others, but you should give it a try. It’s all worth every cent and more!
brilliant for producing this product with OFWs like me in mind
The Stock Signals Phillippines team is brilliant for producing this product with OFWs like me in mind. Although I want to, it’s almost impossible for me to attend seminars in person. When I go back to the Philippines for a short vacation, I’d want to spend it with my family. Again, thanks to the Stock Signals Philippines for this Online Stock Market Courses. Now, I can equip myself with the knowledge I need wherever I am in the world.
it helps me a lot and I learned much
Thank you very much for the emails I received it helps me a lot and I learned much. Hope you continue to send us advice.
Thanks for this analytic tool
Thanks for this analytic tool that will help us thru this difficult undertaking but rewarding business.
Great help
Great help to folks like me who want to learn!
big help in my decision making
Your inputs on the market have been a big help in my decision making. Keep them coming. Thanks
I find your newsletter very informative
I find your newsletter very informative. Keep up the good works.
- 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
