Robinson Land Corporation Analysis: Is RLC More Likely to Break Below ₱14.94?

Robinson Land Corporation (PSE:RLC) closed at ₱15.04 per share as of 01:00 PM GMT+8 on April 30, 2020. It went down by 2.84 percent.

The Total Turnover Value was ₱68,665,726.00. The foreign traders were the main drivers of Robinson Land Corporation today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱26,714,356.00. Foreign fundies are net sellers year-to-date. Their day-to-day Net Foreign is relatively significant.

The immediate support is near ₱14.94, while the immediate resistance is near ₱17.80.

Our 10SMACD combo is bearish.

RLC’s risk level is low due to its historical volatility score of 47.62 percent.

Trade-Volume Distribution

Last Price: ₱ 15.04
VWAP: ₱15.1083
Dominant Range: ₱15.04 – ₱15.08

The Momentum Power Indicator of Robinson Land Corporation is bearish.

True Market Sentiment

True Market Sentiment on RLC as of Apr-30-2020 at 1:00PM with a last price of ₱15.04
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: ₱15.1778
Top 10 Players’ Selling Average: ₱15.1517
Bonus Info:
18 out of 41 participants or 43.90% of all participants registered a 100% BUYING activity
3 out of 41 participants or 7.32% of all participants registered a 100% SELLING activity

Recommendations

Do you have Robinson Land Corporation in your portfolio already?

There’s no buy signal confirmation for RLC yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

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

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

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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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