Security Bank Corporation (PSE:SECB) is priced at ₱200.60 per share as of 03:30 PM GMT+8 on November 18, 2019. It is up by 0.3 percent.
The Total Turnover Value is at ₱71,729,538.00. The local traders are the main drivers of SECB today.
Foreign investors registered a Net Foreign Buying worth ₱5,775,078.00. They are net sellers year-to-date.
The immediate support is near ₱187.00, while the immediate resistance is near ₱206.00.
My 10SMACD combo is bearish.
SECB’s risk level is low due to its historical volatility score of 21.23 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 200.6
VWAP: ₱200.40662
Dominant Range: ₱200 – ₱200.6
The Momentum Power Indicator of SECB is bullish because all 4 of 4 elements are bullish.
True Market Sentiment – EOD
True Market Sentiment on SECB as of Nov-18-2019 at 03:30PM, with a last price of ₱200.60
True Market Sentiment: BEARISH
4 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: ₱200.3769
Top 10 Players’ Selling Average: ₱200.3111
Bonus Info:
7 out of 30 participants or 23.33% of all participants registered a 100% BUYING activity
9 out of 30 participants or 30.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on SECB from Nov-04-2019 to Nov-18-2019 at 03:30PM, with a last price of ₱200.60
True Market Sentiment: NEUTRAL
6 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: ₱200.4689
Top 10 Players’ Selling Average: ₱200.1455
Bonus Info:
7 out of 53 participants or 13.21% of all participants registered a 100% BUYING activity
5 out of 53 participants or 9.43% of all participants registered a 100% SELLING activity
Recommendations
If you have SECB and if your trailing stop has not been hit yet, I recommend that you hold your position for now. Make sure that you do an upward adjustment on your trailing stop every time the prevailing price goes higher. You can use my Trailing Stop Calculator.
I don’t recommend that you top up because the 10SMACD is still bearish. Both 10SMACD and Momentum Power Indicator must be bullish for me to see a confirmed buy signal. This is one of the many lessons you’ll learn from our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
If you don’t have SECB but you’re planning to trade it, it’s best that you wait for the 10SMACD to become bullish to lesson the chance of getting your trailing stop hit too early. You’re going to get a better reward-to-risk ratio if you’ll wait for the price to pullback near ₱187 or breakout above ₱206.50.
Please post your request for our latest analysis on SECB in our Private Clients Forum if it starts tomorrow at a price lower or higher than the dominant range I mentioned above. Why? So we can tell you if we’re already seeing a buy signal or not.
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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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