Philippine National Bank (PSE:PNB) is priced at ₱40.6 per share as of 03:30 PM GMT+8 on November 22, 2019. It is down by 1.46 percent.
The Total Turnover Value is at ₱15,281,740.00. The local traders are the main drivers of PNB today.
Foreign investors registered a Net Foreign Selling worth ₱8,855,735.00. They are net sellers year-to-date.
The immediate support is near ₱40.38, while the immediate resistance is near ₱44.00.
My 10SMACD combo is bearish.
PNB’s risk level is low due to its historical volatility score of 10.31 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 40.6
VWAP: ₱40.69704
Dominant Range: ₱40.6 – ₱40.7
The Momentum Power Indicator of PNB is bearish because all 4 elements are bearish.
It’s more than likely for the price to go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on PNB as of Nov-22-2019 at 03:30PM, with a last price of ₱40.60
True Market Sentiment: NEUTRAL
6 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: ₱40.7909
Top 10 Players’ Selling Average: ₱40.7987
Bonus Info:
19 out of 30 participants or 63.33% of all participants registered a 100% BUYING activity
6 out of 30 participants or 20.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on PNB from Nov-18-2019 to Nov-22-2019 at 03:30PM, with a last price of ₱40.60
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱41.7456
Top 10 Players’ Selling Average: ₱42.0317
Bonus Info:
29 out of 51 participants or 56.86% of all participants registered a 100% BUYING activity
8 out of 51 participants or 15.69% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on PNB from Nov-04-2019 to Nov-22-2019 at 03:30PM, with a last price of ₱40.60
True Market Sentiment: NEUTRAL
6 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: ₱43.1086
Top 10 Players’ Selling Average: ₱42.9508
Bonus Info:
20 out of 60 participants or 33.33% of all participants registered a 100% BUYING activity
10 out of 60 participants or 16.67% of all participants registered a 100% SELLING activity
Recommendations
Do you have PNB in your portfolio already?
Our Evergreen Strategy tells us that the bears are more than likely to stay in control next week. The rule of thumb will still be to follow your trailing stop. You also have the option to pre-empt your trailing stop due to the huge selling volume registered last Friday. That is an indication that the selling pressure has not weakened yet.
You don’t have PNB but are planning to do a test-buy?
It’s better that you wait for a confirmed buy signals. Once both 10SMACD and Momentum Power Indicator are bullish, you will then have the opportunity to do a test-buy within the dominant range of the Trade and Volume Distribution.
Ask for our latest analysis on PNB in our Private Clients Forum if you see a significant change in the price and volume of this stock.
Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.
Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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