San Miguel Corporation Series 2-F Pref. (PSE:SMC2F) closed at ₱77.05 per share as of 01:00 PM GMT+8 on May 26, 2020. It went up by 1.38 percent.
The Total Turnover Value was ₱81,106,087.00. The local traders were the main drivers of San Miguel Corporation Series 2-F Pref. today.
Foreign investors are net sellers today with a Net Foreign Selling worth ₱1,535,000.00. Foreign fundies are net sellers year-to-date, but their day-to-day Net Foreign is relatively small.
The immediate support is near ₱76.00, while the immediate resistance is near ₱78.00.
Our 10SMACD combo is bullish.
SMC2F’s risk level is low due to its historical volatility score of 21.61 percent.
Trade-Volume Distribution
Last Price: ₱ 77.05
VWAP: ₱76.98581
Dominant Range: ₱77.00 – ₱77.00
The Momentum Power Indicator of San Miguel Corporation Series 2-F Pref. is bullish.
True Market Sentiment
True Market Sentiment on SMC2F as of May-26-2020 at 1:00PM with a last price of ₱77.05
True Market Sentiment: BEARISH
3 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: ₱76.8516
Top 10 Players’ Selling Average: ₱76.7772
Bonus Info:
2 out of 9 participants or 22.22% of all participants registered a 100% BUYING activity
5 out of 9 participants or 55.56% of all participants registered a 100% SELLING activity
Recommendations
Do you have San Miguel Corporation Series 2-F Pref. in your portfolio already?
You may top up since the 10SMACD and the Momentum Power Indicator of SMC2F are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time SMC2F registers a higher prevailing price.
You don’t have San Miguel Corporation Series 2-F Pref. yet but are you planning to do a test-buy?
There is a buy signal confirmation for SMC2F 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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