Semirara Mining and Power Corporation (SCC) has been in the downtrend channel since the last quarter of 2017. It recovered a little by 0.85 percent at ₱9.49 per share as of closing on August 12, 2020.
Semirara registered a total turnover value worth ₱51 million with the local investors as the main drivers of today’s price action. The foreign investors capped the day with a Net Foreign Buying worth ₱7 million only. The foreign investors are not yet completely bullish on SCC since they remain net sellers year-to-date. Anyway, the size of their participation in trading Semirara is relatively small.
I don’t see an alarming concern on the daily volume of Semirara, especially since the second week of July 2020. The price struggles to ascend because most of the daily volume that’s higher than the 50 percent of Semirara’s 10-day volume average comes from the sellers.
Semirara’s immediate support is near ₱8.60, while the immediate resistance sits near ₱13.40.
While the MACD line hovers the signal line, I see a formation of a bearish convergence between the two lines.
Moreover, the bearish divergence between the -DMI and +DMI continues, while the ADX is at nearly 33 points. This is a confirmation that Semirara is still in a bearish territory.
Semirara is a high-risk stock for me already due to its historical volatility score of 72 percent. This risk level I’m referring to is about the “erraticity” of the price action. You’ll understand my language more once you’ve watched the online stock market course of Equilyst Analytics (if you’re one of our clients).
Trade-Volume Distribution Analysis
Last Price: ₱9.49
VWAP: ₱9.50
Dominant Range: ₱9.48 – ₱9.51
The last price of ₱9.49 is lower than the volume-weighted average price (VWAP) of ₱9.50. Plus, the dominant range between ₱9.48 and ₱9.51 is closer to the intraday low than the intraday high. This means two of the four elements of my Momentum Power Indicator are bearish.
That means I see no confirmed buy signal for Semirara. It’s not only its Momentum Power Indicator that’s bearish but also its 10SMACD combo.
I know that you may not understand what I’m saying because I’m talking about my proprietary methodology here, which I call The Evergreen Strategy in Trading and Investing in the Philippine Stock Market (online stock market course). Consider subscribing to our stock market consultancy service to have access to our online stock market course.
True Market Sentiment – EOD
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: ₱9.5029
Top 10 Players’ Selling Average: ₱9.5029
Bonus Info:
14 out of 33 participants or 42.42% of all participants registered a 100% BUYING activity
6 out of 33 participants or 18.18% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
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: ₱9.4678
Top 10 Players’ Selling Average: ₱9.4558
Bonus Info:
26 out of 69 participants or 37.68% of all participants registered a 100% BUYING activity
5 out of 69 participants or 7.25% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment: BEARISH
5 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: ₱9.7611
Top 10 Players’ Selling Average: ₱9.7794
Bonus Info:
25 out of 80 participants or 31.25% of all participants registered a 100% BUYING activity
4 out of 80 participants or 5.00% of all participants registered a 100% SELLING activity
I don’t see any bullish rating in the True Market Sentiment of Semirara across three time periods. This means Semirara is more likely to continue moving sideways with a bearish bias.
Recommendations
The first question is, “Do you have Semirara in your portfolio?”
If your answer is yes, here’s the second question, “Is your trailing stop still intact?”
If you’re scratching your head because you don’t know what a trailing stop is, I recommend reading these related articles first.
Bakit Kailangang Gumamit ng Trailing Stop-Loss at Paano ang Computation Nito?
4 Reasons Why You Must STOP Using a Buy Below Price and a Target Selling Price
Would you like to use my trailing stop calculator? I’ll let you use it for free. You’ll find it in the TOOLS tab of my online stock market library.
Now, let me continue talking to those whose trailing stop is still intact. I recommend that you hold your position for now due to the absence of a confirmed buy signal. When there’s no confirmed buy signal, it means the downtrend is more likely to continue. Do not waste your buying power. Consider topping up or averaging down if, and only if, the 10SMACD and Momentum Power Indicator of a stock are bullish, especially when its True Market Sentiment is also bullish.
You don’t have to guess if you are one of our clients. Just post your request for our latest analysis on Semirara in the STOCK ANALYSIS REQUESTS section of our Private Clients Forum, and we’ll give you our latest analysis.
Now, let me talk to those who don’t have Semirara yet but are planning to trade it.
Do not hurry. There’s less stress in buying when the downtrend is no more likely to continue than when the opposite is true. At Equilyst Analytics, we are realistic and strategic; that’s why we have a methodology that helps us identify buy signals based on individual risk tolerance and investment horizon. I don’t spoonfeed my clients. I teach them how I interpret data so they, too, can make an independent decision.
I can teach you how to invest independently and trade tactically through the stock market consultancy service of Equilyst Analytics.
Do You Need My Help?
Get a 10% discount when you avail of our stock market consultancy service on or before 5PM of August 13, 2020.
Contact my team and mention the link of this article in your message to get your 10% discount if you wish to avail of this discount. We’ll help you learn how to invest independently and trade tactically for one year.
Join My Facebook or LinkedIn Group
Join my Facebook Group or LinkedIn Group for a chance to win a 1-year subscription to Equilyst Analytics and a P500.00 smartphone load for free in our daily contest!
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
