Phoenix Petroleum - Perpetual Pref. 4 Analysis: June 17, 2020

Phoenix Petroleum – Perpetual Pref. 4 (PSE:PNX4) closed at ₱1,000.00 per share as of 01:00 PM GMT+8 on June 17, 2020. The last price remains unchanged from the previous trading day’s closing price.

The Total Turnover Value was ₱565,100.00. The local traders were the main drivers of Phoenix Petroleum – Perpetual Pref. 4 today.

The immediate support is near ₱989.00, while the immediate resistance is near ₱1,020.00.

Our 10SMACD combo is bullish.

PNX4’s risk level is low due to its historical volatility score of 1.15 percent.

Trade-Volume Distribution

Last Price: ₱ 1000.00
VWAP: ₱1000.17699
Dominant Range: ₱1000.00 – ₱1000.00

The Momentum Power Indicator of Phoenix Petroleum – Perpetual Pref. 4 is bearish.

True Market Sentiment

True Market Sentiment on PNX4 as of Jun-17-2020 at 01:00PM with a last price of ₱1000.00
True Market Sentiment: 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: ₱1000.1667
Top 10 Players’ Selling Average: ₱1000.1770
Bonus Info:
4 out of 5 participants or 80.00% of all participants registered a 100% BUYING activity
1 out of 5 participants or 20.00% of all participants registered a 100% SELLING activity

Recommendations

Do you have Phoenix Petroleum – Perpetual Pref. 4 in your portfolio already?

There’s no buy signal confirmation for PNX4 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 Phoenix Petroleum – Perpetual Pref. 4 yet but are you planning to do a test-buy?

There’s no buy signal confirmation for PNX4 yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on PNX4.

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

Would you like to level up as a stock trader and investor in the Philippine Stock Market? Try the best stock market subscription service in the Philippines.

Author
Recent Posts

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.

Latest posts by Jaycee De Guzman (see all)