Shakeys Pizza Asia Ventures Inc. (PSE:PIZZA) is priced at ₱11.92 per share as of 03:30 PM GMT+8 on November 8, 2019. It is up by 0.85 percent.
The Total Turnover Value is at ₱8,623,236.00. The local traders are the main drivers of PIZZA today.
Foreign investors registered a Net Foreign Buying worth ₱5,638,878.00. They are net buyers year-to-date.
The immediate support is near ₱11.15, while the immediate resistance is near ₱12.30.
My 10SMACD combo is bullish.
PIZZA’s risk level is low due to its historical volatility score of 19 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 11.92
VWAP: ₱11.94685
DominantRange: ₱11.9 – ₱12
The Momentum Power Indicator of PIZZA is bearish because only 2 of 4 elements are bullish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet both bullish.
True Market Sentiment – EOD
True Market Sentiment on PIZZA as of Nov-08-2019 at 03:30PM, with a last price of ₱11.920
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱11.9678
Top 10 Players’ Selling Average: ₱11.9610
Bonus Info:
8 out of 21 participants or 38.10% of all participants registered a 100% BUYING activity
8 out of 21 participants or 38.10% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on PIZZA from Nov-04-2019 to Nov-08-2019 at 03:30PM, with a last price of ₱11.920
True Market Sentiment: NEUTRAL
6 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: ₱11.7723
Top 10 Players’ Selling Average: ₱11.8078
Bonus Info:
6 out of 30 participants or 20.00% of all participants registered a 100% BUYING activity
11 out of 30 participants or 36.67% of all participants registered a 100% SELLING activity
Recommendations
If you’ve availed of our Evergreen Strategy in Trading and Investing in the Philippine Stock Market Video-On-Demand (VOD), you should have learned that a confirmed buy signal appeared last November 6, 2019.
If you did a test-buy on that day, I suggest that you hold your position for now. Do not top up yet. Wait for the 10SMACD and Momentum Power Indicator to become bullish.
If you don’t have PIZZA in your portfolio, it’s not the right time to do a test-buy now. Wait for the 10SMACD and Momentum Power Indicator to become bullish first. Once they’re both bullish, use my Reward-to-Risk Ratio Calculator to check if you’re vying for a bigger potential reward than the potential risk.
If you’re satisfied with the ratio, you can, then, do a test-buy within the dominant range. If you’re an Equilyst Analytics subscriber, you can ask us in our Private Clients Forum for the latest Trade-Volume Distribution (TVD) and True Market Sentiment (TMS) charts of PIZZA so we can tell you the dominant range and if there is a confirmed buy signal.
Let’s see on Monday if PIZZA will continue to re-test the resistance near ₱12.30 since it registered a bullish True Market Sentiment on Friday.
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