Petron Corporation Analysis: May 22, 2020

Petron Corporation (PSE:PCOR) closed at ₱2.96 per share as of 01:00 PM GMT+8 on May 22, 2020. It went up by 0.339 percent.

The Total Turnover Value was ₱2,006,860.00. The local traders were the main drivers of Petron Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱516,840.00. Foreign fundies are net buyers year-to-date.

The immediate support is near ₱2.02, while the immediate resistance is near ₱3.35.

Our 10SMACD combo is bearish.

PCOR’s risk level is low due to its historical volatility score of 15.04 percent.

Trade-Volume Distribution

Last Price: ₱ 2.96
VWAP: ₱2.97754
Dominant Range: ₱2.95 – ₱3.00

The Momentum Power Indicator of Petron Corporation is bearish.

True Market Sentiment

True Market Sentiment on PCOR as of May-22-2020 at 1:00PM with a last price of ₱2.96
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.9706
Top 10 Players’ Selling Average: ₱2.9830
Bonus Info:
3 out of 17 participants or 17.65% of all participants registered a 100% BUYING activity
6 out of 17 participants or 35.29% of all participants registered a 100% SELLING activity

Recommendations

Do you have Petron Corporation in your portfolio already?

There’s no buy signal confirmation for PCOR yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have Petron Corporation yet but are you planning to do a test-buy?

There’s no buy signal confirmation for PCOR yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on PCOR.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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