Shakey’s Pizza Asia Ventures, Inc. (PSE:PIZZA) closed at ₱9.3 per share as of 03:30 PM GMT+8 on January 10, 2020. It went up by 1.2 percent.
The Total Turnover Value was ₱2,600,237.00. The foreign traders were the main drivers of Shakey’s Pizza Asia Ventures, Inc. today.
Foreign investors registered a Net Foreign Selling worth ₱1,050,650.00. They are net sellers year-to-date, but their participation is insignificant.
The immediate support is near ₱9.20, while the immediate resistance is near ₱10.30.
Our 10SMACD combo is bearish.
PIZZA’s risk level is low due to its historical volatility score of 32.08 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 9.3
VWAP: ₱9.32319
Dominant Range: ₱9.3 – ₱9.3
The Momentum Power Indicator of Shakey’s Pizza Asia Ventures, Inc. is bearish because all 4 elements are bearish.
True Market Sentiment – EOD
True Market Sentiment on PIZZA as of Jan-10-2020 at 03:30PM with a last price of ₱9.30
True Market Sentiment: NEUTRAL
7 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: ₱9.3373
Top 10 Players’ Selling Average: ₱9.3722
Bonus Info:
11 out of 22 participants or 50.00% of all participants registered a 100% BUYING activity
5 out of 22 participants or 22.73% of all participants registered a 100% SELLING activity
Recommendations
Do you have Shakey’s Pizza Asia Ventures, Inc. in your portfolio already?
PIZZA registered a green candlestick today, but it’s still moving below the 10SMA. The 10SMACD combo is still bearish together with the Momentum Power Indicator. If, for some weird reason, you’re saying that your trailing stop is still intact, please reduce the percentage of risk on your trailing stop. Don’t just hold your position. Do not average down.
You don’t have Shakey’s Pizza Asia Ventures, Inc. yet but are you planning to enter a new position?
Don’t do a test-buy within the dominant range yet. PIZZA is not out of the woods. If it breaks below ₱9.20, the next support is quite dip at ₱7.48, which is in confluence with the 61.8 percent extension of the Down Fibonacci. Wait for the 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy. Also, calculate your reward-to-risk ratio before you do a test-buy. You can use this reward-to-risk ratio calculator.
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