Oversold Philippine Stocks as of September 8, 2023
By the classical definition, a stock is considered oversold if its Relative Strength Index (RSI) score is below 30% or 20%. Conversely, a stock is regarded as overbought if its RSI score falls between 70% and 80%.
Please note that RSI is not a part of my proprietary methodology. However, for those of you who use RSI, I have decided to conduct an analysis of all stocks listed on the Philippine Stock Exchange to identify those with an RSI score of 30% or lower.
To assist you further, I have also chosen to indicate whether their dominant price range for September 8, 2023, is closer to the intraday low or the intraday high, as well as provide month-to-date market sentiment.
If you wish to understand the significance of knowing a stock’s dominant range and market sentiment, please click here and search for “dominant range” and “market sentiment.” Alternatively, if you would prefer me to explain it to you via a call and teach you my entire methodology, you can avail yourself of my stock investment consultancy service.
Please be informed that this article is for informational purposes only and does not constitute a recommendation to invest in these stocks. Your personal investment decision should be based on this data-driven analysis, taking into consideration your risk appetite and financial circumstances.
INFRA: 29% RSI
Dominant Range Index: BEARISH
Last Price: 0.495
VWAP: 0.50
Dominant Range: 0.495 – 0.495
Market Sentiment Index: BEARISH
11 of the 20 participating brokers, or 55.00% of all participants, registered a positive Net Amount
9 of the 20 participating brokers, or 45.00% of all participants, registered a higher Buying Average than Selling Average
20 Participating Brokers’ Buying Average: ₱0.53296
20 Participating Brokers’ Selling Average: ₱0.52454
6 out of 20 participants, or 30.00% of all participants, registered a 100% BUYING activity
7 out of 20 participants, or 35.00% of all participants, registered a 100% SELLING activity
ALLHC: 29% RSI
Dominant Range Index: BULLISH
Last Price: 1.79
VWAP: 1.79
Dominant Range: 1.79 – 1.8
Market Sentiment Index: BULLISH
42 of the 47 participating brokers, or 89.36% of all participants, registered a positive Net Amount
40 of the 47 participating brokers, or 85.11% of all participants, registered a higher Buying Average than Selling Average
47 Participating Brokers’ Buying Average: ₱1.82350
47 Participating Brokers’ Selling Average: ₱1.82834
31 out of 47 participants, or 65.96% of all participants, registered a 100% BUYING activity
2 out of 47 participants, or 4.26% of all participants, registered a 100% SELLING activity
GMA7: 22% RSI
Dominant Range Index: BEARISH
Last Price: 8.22
VWAP: 8.24
Dominant Range: 8.22 – 8.22
Market Sentiment Index: BEARISH
17 of the 29 participating brokers, or 58.62% of all participants, registered a positive Net Amount
14 of the 29 participating brokers, or 48.28% of all participants, registered a higher Buying Average than Selling Average
29 Participating Brokers’ Buying Average: ₱8.23872
29 Participating Brokers’ Selling Average: ₱8.24157
9 out of 29 participants, or 31.03% of all participants, registered a 100% BUYING activity
10 out of 29 participants, or 34.48% of all participants, registered a 100% SELLING activity
ELI: 14% RSI
Dominant Range Index: BEARISH
Last Price: 0.094
VWAP: 0.09
Dominant Range: 0.095 – 0.095
Market Sentiment Index: BULLISH
18 of the 25 participating brokers, or 72.00% of all participants, registered a positive Net Amount
18 of the 25 participating brokers, or 72.00% of all participants, registered a higher Buying Average than Selling Average
25 Participating Brokers’ Buying Average: ₱0.09953
25 Participating Brokers’ Selling Average: ₱0.09976
15 out of 25 participants, or 60.00% of all participants, registered a 100% BUYING activity
4 out of 25 participants, or 16.00% of all participants, registered a 100% SELLING activity
IPM: 9% RSI
Dominant Range Index: BEARISH
Last Price: 4.5
VWAP: 4.53
Dominant Range: 4.5 – 4.5
Market Sentiment Index: BEARISH
1 of the 2 participating brokers, or 50.00% of all participants, registered a positive Net Amount
1 of the 2 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
2 Participating Brokers’ Buying Average: ₱5.25420
2 Participating Brokers’ Selling Average: ₱5.25420
1 out of 2 participants, or 50.00% of all participants, registered a 100% BUYING activity
1 out of 2 participants, or 50.00% of all participants, registered a 100% SELLING activity
Which of These 5 Stocks Are In Your Portfolio?
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