Prime Media Holdings, Inc. (PRIM) Technical Analysis
The daily volume of Prime Media Holdings, Inc. (PSE:PRIM) for the past four trading days was very near to, if not higher than, its 10-day volume average for each of the past four trading days. This concentration of volume shows a significant interest in trading PRIM.
Even if the last candlestick is already red, the last price is still trading above PRIM’s 10-day simple moving average. Its moving average convergence divergence (MACD) is also moving above its signal line, but I already see a formation of a bearish convergence between the two lines. If the downtrend continues, this formation will become a confirmation.
PRIM went down by 23.10 percent today, ending at ₱3.23 per share. The total turnover value is ₱272 million. Even though the net foreign bars on the Net Foreign histogram from February 2021 to date no longer look microscopic, those net foreign amounts are relatively insignificant. As a matter-of-factly, the foreign investors registered a net foreign selling worth ₱383,750 only. I will not factor in the foreign investors’ transactions in my decision.
I have used an Up Fibonacci to identify the immediate support and resistance levels of PRIM. Its immediate support is confluent with the 38.2 percent retracement at ₱2.91, while the immediate resistance is confluent with the 23.60 percent retracement at ₱3.40. You will find the deeper support and higher resistance levels on PRIM’s daily chart below.
Due to the more-aggressive-than-usual ascent of the price of PRIM, its historical volatility rose to nearly 352 percent, which marks PRIM with an extremely high sensitivity or risk level. PRIM is no longer a newbie-friendly stock at this sensitivity level.
Dominant Range Index
Dominant Range Index: Bearish
Last Price: ₱3.23
Intraday Low: ₱3.1300
Intraday High: ₱3.9200
VWAP: ₱3.4571
Dominant Range: ₱3.20 – ₱3.30
Market Sentiment Index – EOD – March 18, 2021
Market Sentiment Index: NEUTRAL
5 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: ₱3.4353
Top 10 Players’ Selling Average: ₱3.4468
13 out of 70 participants, or 18.57% of all participants, registered a 100% BUYING activity
7 out of 70 participants, or 10.00% of all participants, registered a 100% SELLING activity
Market Sentiment Index – WTD – March 15-18, 2021
Market Sentiment Index: NEUTRAL
8 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: ₱3.3716
Top 10 Players’ Selling Average: ₱3.4289
4 out of 71 participants, or 5.63% of all participants, registered a 100% BUYING activity
4 out of 71 participants, or 5.63% of all participants, registered a 100% SELLING activity
Market Sentiment Index – MTD – March 1-18, 2021
Market Sentiment Index: 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: ₱3.2396
Top 10 Players’ Selling Average: ₱3.2224
3 out of 81 participants, or 3.70% of all participants, registered a 100% BUYING activity
8 out of 81 participants, or 9.88% of all participants, registered a 100% SELLING activity
Recommendations
There is no confirmed buy signal for PRIM as of today’s closing because not all of the flowchart conditions when looking for confirmed buy signals of my Evergreen Strategy 2.0 were satisfied.
How will you translate all of these data-driven interpretations if you still or already have PRIM in your portfolio?
If your trailing stop is still intact, it’s either you hold your position or reduce the percentage of risk on your trailing stop. You can use my trading calculators on https://www.equilyst.com/library/.
It’s logical to hold your position since your trailing stop is still intact and the average Market Sentiment Index of the three timeframes is neutral. You have a data-driven basis for holding your position.
It’s also logical to reduce the percentage of risk on your trailing stop if you’re a low- to moderate-risk trader or investor. The Dominant Range Index for today is bearish, anyway.
It’s a different story if you don’t know what a trailing stop is and if you’re not using it. I suspect that you’ll most likely rely on Warren Buffett’s quotes to justify (and not rectify) your growing paper loss without any regard to the percentage of risk you can only realistically handle.
On the other hand, I do not recommend entering a new position or doing a test-buy unless and until there’s a confirmed buy signal for PRIM.
If you’re one of our subscribers, you may post your request for our latest analysis on PRIM in our Private Clients Forum. As a subscriber, you can take advantage of the unlimited consultation in our Private Clients Forum.
By the way, our 33.33% discount for a 1-year subscription is up until March 19, tomorrow. Instead of paying P15,000.00 for a 1-year subscription, you’ll only have to pay P10,000.00. Visit https://www.equilyst.com/ to know what you’ll get when you subscribe to our stock market consultancy service.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
well-researched
I have been investing in the stock market for a few years now. I also enrolled in TRC when I started. Actually, it was thru their blogs that I was encouraged to invest thanks to them. However, I’m bored with long-term investment. I suppose I’m more of a risk taker when it comes to investment. I have a few investments mutual funds UITF gov’t bonds but honestly, I’m not really a well-learned investor I just have guts maybe and so far I don’t have any losses especially that the market has bounced back. It is in this regard that I’ve been reading your blogs to keep me more informed. I’m looking for somebody to guide me in my next stocks picks this time as a trader. I found your blogs very well researched and I’m really hoping you’re the one. I’ve quit TRC a few months back. Just a few more days and I will join you. Thanks for the emails. God bless
I always read you blog Jaycee because it's very informative.
I always read you blog Jaycee because it’s very informative.
Thumbs up for the information provided.
Thumbs up for the information provided. Must read for those interested in learning and gaining from the equities.
I love your newsletter it gives so much help.
I love your newsletter it gives so much help for a newbie like me in the stock market. Thank you so much and God bless u more!
Jaycee De Guzman's blog is one if not the most informative.
I am only starting to invest for the last two years. There are many blogs like this that I perused. However, Jaycee De Guzman’s blog is, if not the most, informative. I do not understand all of it but I try to. I want to keep on reading this. Thank you for all the assistance.
Your emails are very informative.
Your emails are very informative. Thank you for giving it to us for FREE!
All information provided are very interesting and helpful...
All information provided are very interesting and helpful…
Information provided by Jaycee was awesome!
Information provided by Jaycee was awesome!
point of view that could help you decide how to play your stocks.
Newsletters from Jaycee will definitely give you an insight on how the market moves every day and will show you a different point of view that could help you decide how to play your stocks.
The newsletters are very helpful
The newsletters are very helpful on evaluating the market and which stocks may be worth my attention. Keep up the great work. Thank you.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
