Phoenix Petroleum Philippines, Inc. (PSE:PNX) is priced at ₱11 per share as of 03:30 PM GMT+8 on November 22, 2019. The last price remains unchanged from the previous trading day’s closing price.
The Total Turnover Value is at ₱198,600.00. The local traders are the main drivers of PNX today.
Foreign investors registered a Net Foreign Selling worth ₱0.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱10.60, while the immediate resistance is near ₱11.20.
My 10SMACD combo is bearish.
PNX’s risk level is low due to its historical volatility score of 12.13 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 11
VWAP: ₱10.97238
Dominant Range: ₱10.84 – ₱11
The Momentum Power Indicator of PNX is bearish because only 3 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 bullish.
True Market Sentiment – EOD
True Market Sentiment on PNX as of Nov-22-2019 at 03:30PM, with a last price of ₱11.0
True Market Sentiment: BEARISH
2 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: ₱10.9462
Top 10 Players’ Selling Average: ₱10.9400
Bonus Info:
2 out of 8 participants or 25.00% of all participants registered a 100% BUYING activity
5 out of 8 participants or 62.50% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on PNX from Nov-18-2019 to Nov-22-2019 at 03:30PM, with a last price of ₱11.0
True Market Sentiment: BEARISH
2 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: ₱10.9562
Top 10 Players’ Selling Average: ₱11.0098
Bonus Info:
2 out of 13 participants or 15.38% of all participants registered a 100% BUYING activity
6 out of 13 participants or 46.15% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on PNX from Nov-04-2019 to Nov-22-2019 at 03:30PM, with a last price of ₱11.0
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: ₱10.9839
Top 10 Players’ Selling Average: ₱11.0017
Bonus Info:
6 out of 26 participants or 23.08% of all participants registered a 100% BUYING activity
9 out of 26 participants or 34.62% of all participants registered a 100% SELLING activity
Recommendations
Do you have PNX in your portfolio already?
Both signals, 10SMACD and Momentum Power Indicator, of our Evergreen Strategy were bearish on the last day of trading this week. Although the price actions are telling us that PNX is currently moving sideways, the top 10 brokers are already bearish since the True Market Sentiments for the daily, weekly, and monthly are bearish.
What can you pull from this data? It only means that investors don’t have a strong appetite to push the price upward. They would rather choose other stocks that are currently trending. I advise that if your trailing stop is still intact, you can continue holding your position and sell your shares once it’s hit. Top up or add more shares if you see both signals, 10SMACD and Momentum Power Indicator, on the bullish side.
You don’t have PNX but are planning to do a test-buy?
You should wait for the 10SMACD and Momentum Power Indicator to become bullish. As of now, there is no confirmed buy signal from our Evergreen Strategy.
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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