Rizal Commercial Banking Corp. Analysis: June 3, 2020

Rizal Commercial Banking Corp. (PSE:RCB) closed at ₱20.70 per share as of 01:00 PM GMT+8 on June 3, 2020. It went up by 25.45 percent.

The Total Turnover Value was ₱301,591,030.00. The local traders were the main drivers of Rizal Commercial Banking Corp. today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱294,014,730.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱18.00, while the immediate resistance is near ₱22.00.

Our 10SMACD combo is bullish.

RCB’s risk level is extremely high due to its historical volatility score of 144.83 percent.

Trade-Volume Distribution

Last Price: ₱ 20.70
VWAP: ₱16.57048
Dominant Range: ₱20.70 – ₱20.80

The Momentum Power Indicator of Rizal Commercial Banking Corp. is bullish.

True Market Sentiment

True Market Sentiment on RCB as of Jun-03-2020 at 01:00PM with a last price of ₱20.70
True Market Sentiment: BEARISH
4 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: ₱19.2268
Top 10 Players’ Selling Average: ₱19.4790
Bonus Info:
4 out of 30 participants or 13.33% of all participants registered a 100% BUYING activity
11 out of 30 participants or 36.67% of all participants registered a 100% SELLING activity

Recommendations

Do you have Rizal Commercial Banking Corp. in your portfolio already?

You may top up since the 10SMACD and the Momentum Power Indicator of RCB are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time RCB registers a higher prevailing price.

You don’t have Rizal Commercial Banking Corp. yet but are you planning to do a test-buy?

There is a buy signal confirmation for RCB already, but make sure that you calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Don’t buy at any random price under the ASK column. Remember to do an upward adjustment on your trailing stop when the stock registers a higher price.

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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