PXP Energy Corporation Analysis: June 15, 2020

PXP Energy Corporation (PSE:PXP) closed at ₱4.92 per share as of 01:00 PM GMT+8 on June 15, 2020. It went down by 1.2 percent.

The Total Turnover Value was ₱4,247,390.00. The local traders were the main drivers of PXP Energy Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱34,360.00. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.

The immediate support is near ₱4.54, while the immediate resistance is near ₱5.38.

Our 10SMACD combo is bearish.

PXP’s risk level is high due to its historical volatility score of 79.76 percent.

Trade-Volume Distribution

Last Price: ₱ 4.92
VWAP: ₱4.93883
Dominant Range: ₱4.88 – ₱4.92

The Momentum Power Indicator of PXP Energy Corporation is bearish.

True Market Sentiment

True Market Sentiment on PXP as of Jun-15-2020 at 01:00PM with a last price of ₱4.92
True Market Sentiment: BULLISH
7 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱4.9402
Top 10 Players’ Selling Average: ₱4.9489
Bonus Info:
6 out of 23 participants or 26.09% of all participants registered a 100% BUYING activity
8 out of 23 participants or 34.78% of all participants registered a 100% SELLING activity

Recommendations

Do you have PXP Energy Corporation in your portfolio already?

There’s no buy signal confirmation for PXP yet. Even though the last volume bar is green, today’s volume is less than the 50 percent of the stock’s 10-day volume average. You may want to reduce the percentage of risk on your trailing stop, at least.

You don’t have PXP Energy Corporation yet but are you planning to do a test-buy?

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

Please use a trailing stop instead of a fixed stop loss. No matter how bullish or bearish the data-driven forecast is, the price may still move to the opposite direction. Preserve your capital, protect your gains, and prevent unbearable losses with the use of a trailing stop. You may use our trailing stop calculator from our stock market library.

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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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