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.
it helps me review my portfolio
I love the little bits and info that I receive every now and then. It helps me review my portfolio and renew my perspectives when the need arises.
most relevant and direct
Of all the email I received daily regarding stock market performance, I find yours the most relevant and direct. As a newbie, it really helps a lot. I have been reading your previous post and it’s indeed a light in the midst of all the confusion. Keep up the good work. May God bless you and your team.
very helpful!
very helpful!
Thank you for your technical analysis
Hi Jaycee, Thank you for your technical analysis and articles which enables both investors and traders to be well informed when making their investments.
Very helpful and time saver!
Very helpful and time saver!
Continue what you have been doing
These types of free tips are what we, Filipinos need! These types of reviews are what will make people encouraged to invest in the stock market. Continue what you have been doing and everyone else will be encouraged with the help of your stock tips. Thank you so much!
Two thumbs up for a really impressive output
Dear Jaycee and to your team,
Congratulations for a job well done in creating the new stocksignals website. Two thumbs up for a really impressive output. It is really very impressive and looks like very user friendly especially for a new investor like me. I would be very happy to recommend it to friends too. May your tribes increase. God bless you more.
full of significant content to keep you interested
Jay’s emails are an awesome way to learn and read about what is happening in the market. They are not so long that you tend to doze off but still full of significant content to keep you interested.
very interesting & convincing
I find your posts very interesting & convincing as a stock trader/investor. I might try to ask your help one of these days since my portfolio is all RED. Thank you.
Very professional insight
Very professional insight especially for trending stocks. Thanks for the heads up Sir.
- 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
