SM Prime Holdings Analysis: Buy Near ₱28?

SM Prime Holdings (PSE:SMPH) closed at ₱30.90 per share as of 03:30 PM GMT+8 on March 12, 2020. It went down by 11.21 percent.

The Total Turnover Value was ₱830,215,175.00. The foreign traders were the main drivers of SM Prime Holdings today.

Foreign investors are net sellers today with a Net Foreign Selling worth ₱77,860,000.00. Foreign fundies are net sellers year-to-date.

The immediate support is near ₱28.00, while the immediate resistance is near ₱31.50.

Our 10SMACD combo is bearish.

SMPH’s risk level is high due to its historical volatility score of 73.84 percent.

Trade-Volume Distribution

Last Price: ₱ 30.90
VWAP: ₱31.7765
Dominant Range: ₱30.90 – ₱30.90

The Momentum Power Indicator of SM Prime Holdings is bearish.

True Market Sentiment

True Market Sentiment on SMPH as of Mar-12-2020 at 03:30PM with a last price of ₱30.90
True Market Sentiment: BEARISH
4 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: ₱31.6731
Top 10 Players’ Selling Average: ₱32.0212
Bonus Info:
22 out of 74 participants or 29.73% of all participants registered a 100% BUYING activity
3 out of 74 participants or 4.05% of all participants registered a 100% SELLING activity

Recommendations

Do you have SM Prime Holdings in your portfolio already?

There’s no buy signal confirmation for SMPH yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have SM Prime Holdings yet but are you planning to do a test-buy?

There’s no buy signal confirmation for SMPH yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on SMPH.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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