Semirara Mining and Power Corporation (PSE:SCC) is priced at ₱23.40 per share as of 03:30 PM GMT+8 on November 19, 2019. It is down by 1.06 percent.
The Total Turnover Value is at ₱9,508,045.00. The local traders are the main drivers of SCC today.
Foreign investors registered a Net Foreign Buying worth ₱282,785.00. They are net sellers year-to-date.
The immediate support is near ₱21.30, while the immediate resistance is near ₱24.50.
My 10SMACD combo is bearish.
SCC’s risk level is low due to its historical volatility score of 17.95 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 23.4
VWAP: ₱23.36129
Dominant Range: ₱23.3 – ₱23.45
The Momentum Power Indicator of SCC is bearish because all of 4 elements are bearish.
It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.
True Market Sentiment – EOD
True Market Sentiment on SCC as of Nov-19-2019 at 03:30PM, with a last price of ₱23.40
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱23.4029
Top 10 Players’ Selling Average: ₱23.3837
Bonus Info:
8 out of 21 participants or 38.10% of all participants registered a 100% BUYING activity
7 out of 21 participants or 33.33% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on SCC from Nov-18-2019 to Nov-19-2019 at 03:30PM, with a last price of ₱23.40
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱23.6051
Top 10 Players’ Selling Average: ₱23.4873
Bonus Info:
9 out of 29 participants or 31.03% of all participants registered a 100% BUYING activity
8 out of 29 participants or 27.59% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on SCC from Nov-04-2019 to Nov-19-2019 at 03:30PM, with a last price of ₱23.40
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱23.4243
Top 10 Players’ Selling Average: ₱23.4438
Bonus Info:
10 out of 62 participants or 16.13% of all participants registered a 100% BUYING activity
16 out of 62 participants or 25.81% of all participants registered a 100% SELLING activity
Recommendations
Do you have SCC in your portfolio already?
I recommend that you hold your position if the last price is still moving above your trailing stop. Do not top up yet. A short-term downtrend might continue if the last price will not recover its position above the 10SMA. Therefore, it’s important that you monitor your trailing stop. If you’re using FirstMetroSec PRO, use its Stop Limit feature. Consider topping up once the 10SMACD and Momentum Power Indicator are both bullish. No need to pre-empt your trailing stop since today’s red candlestick is still below SCC’s 10-day volume average.
You don’t have SCC but are planning to do a test-buy?
Pause that plan. Wait for the 10SMACD and the Momentum Power Indicator to become bullish again. Ask for our latest analysis and recommendation on SCC once you see a significant change in price and volume, especially when the volume is higher than the 10 percent of SCC’s 10-day volume average.
Note that the True Market Sentiment of SCC, across all three time frames, does not give us a bullish sentiment. This means the bulls are not that confident yet to push the price higher. This is what I call as an “eavesdropping mode”.
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Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.
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