PLDT Analysis: Buy TEL Now or Wait Near ₱981?

PLDT, Inc. (PSE:TEL) closed at ₱1,100.00 per share as of 03:30 PM GMT+8 on April 8, 2020. It went down by 2.65 percent.

The Total Turnover Value was ₱247,263,965.00. The foreign traders were the main drivers of PLDT, Inc. today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱123,786,850.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱981.00, while the immediate resistance is near ₱1,114.00.

Our 10SMACD combo is bearish.

TEL’s risk level is high due to its historical volatility score of 83.61 percent.

Trade-Volume Distribution

Last Price: ₱ 1100.00
VWAP: ₱1106.35122
Dominant Range: ₱1100.00 – ₱1100.00

The Momentum Power Indicator of PLDT, Inc. is bearish.

True Market Sentiment

True Market Sentiment on TEL as of Apr-08-2020 at 03:30PM with a last price of ₱1100.00
True Market Sentiment: BEARISH
2 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1105.3405
Top 10 Players’ Selling Average: ₱1105.6205
Bonus Info:
23 out of 51 participants or 45.10% of all participants registered a 100% BUYING activity
1 out of 51 participants or 1.96% of all participants registered a 100% SELLING activity

Recommendations

Do you have PLDT, Inc. in your portfolio already?

There’s no buy signal confirmation for TEL 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 PLDT, Inc. yet but are you planning to do a test-buy?

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

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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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