SPC Power Corporation Technical Analysis
SPC is the second most viewed stock PSE’s EDGE as of closing on May 31, 2021. What do you think is the reason? Your guess is as good as mine! It could be because of the newly released company disclosure regarding the ₱0.60 per common share cash dividend with an Ex-Div Date of June 9, 2021.
I know you’d like to ask how to do the dividend play. I wrote an article in the vernacular (Tagalog) as your guide. I included three scenarios in two different settings. Will you get a dividend if you buy or sell before, on, or after the Ex-Div Date? Please read this article.
So, I’m here to share with you the findings of the algorithm of my Evergreen Strategy 2.0. I know you also would like to know if I see a confirmed buy signal on SPC. Let’s start synthesizing. First, we need to check the ratings of the six parameters I check when looking for a confirmed buy signal. If you’re one of our clients, you’ll find the flowchart I inserted in the course manual of the Evergreen Strategy 2.0.
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: Yes
Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: Yes
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱11.24
VWAP: ₱11.1892
Dominant Range: ₱11.20 – ₱11.24
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
17 of the 25 participating brokers, or 68.00% of all participants, registered a positive Net Amount
19 of the 25 participating brokers, or 76.00% of all participants, registered a higher Buying Average than Selling Average
25 Participating Brokers’ Buying Average: ₱11.19921
25 Participating Brokers’ Selling Average: ₱11.19020
12 out of 25 participants, or 48.00% of all participants, registered a 100% BUYING activity
5 out of 25 participants, or 20.00% of all participants, registered a 100% SELLING activity
Synthesis
SPC got a bullish rating on 5 out of 6 parameters. We need to get 6 bullish ratings to have a confirmed buy signal for a stock. In short, this stock doesn’t have a confirmed buy signal yet. That bearish Dominant Range Index gives us a hint that the bears didn’t give the bulls an easy time today. The dominant range is closer to the intraday low than the intraday high.
However, what should you do if you already have SPC in your portfolio? First, hold your position if your trailing stop remains unscathed, but do not top-up unless you get a confirmed buy signal. Second, if you’re one of our clients, you may ask for SPC’s prevailing Dominant Range Index and Market Sentiment Index in our online discussion group on our website so you can complete your analysis as I do. This way, you can invest independently and trade tactically. Finally, your roadmap is the course manual of my Evergreen Strategy 2.0. I wrote it in layman’s terms, and I included lots of screenshots so you can easily follow through.
The immediate support is at ₱10.80, while the immediate resistance is at ₱11.47. The resistance level is confluent with the 61.80 percent extension of the Up Fibonacci. Refer to the daily chart for the swing low and swing high of my Fibonacci if you want to re-create it on your chart. If SPC goes ballistic and breaks the immediate resistance, the next resistance to break is at ₱12.55.
Lastly, do not buy SPC if you do not have it yet. I know it remains a newbie-friendly stock due to its 10-day historical volatility score of 37.50 percent, but that doesn’t automatically make it a buyable name.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
helpful in choosing stocks
Hello Sir!Your articles are really helpful in choosing stocks. Thanks! God bless!
Very helpful.
Does not look misleading, unlike the others. Very helpful.
Very helpful analysis
Very helpful analysis.
your analysis are helpful in my decision making
Great insight on the market and your analysis are helpful in my decision making. Please continue sharing your inputs. thank you!!
very helpful
Your stock analyses are very helpful. Thanks a lot.
Very thankful!
Jaycee’s analysis is a big help to beginners like me. Gives tech guides, and illustrations for additional info. Best way to learn to trade (not Spoonfed) is thru his articles. Very thankful!
Your insights have been very helpful
Your insights have been very helpful to me as a newbie in stock market trading. Your analysis and technical guides give me the confidence to pursue my day to day trading an Investments. Thank you for taking your time in imparting your expertise. God bless us all.
has given me the confidence and knowledge to decide easier
In investing and trading the Stocks Signals has given me the confidence and knowledge to decide easier and doubtless. This is a great help. The Stock Signals team is the best. I’ll be staying as a Stock Signals subscriber until the last moment that I can trade and invest. Thank you!!! God bless!!!
Thank you is not enough kumpara sa mga natututunan ko
Thank you is not enough kumpara sa mga natututunan ko sa mga free newsletter. Dati wala talaga ko alam, puro hula lang. Pero mula ng magsubscribe ako, andaming “akala ko tama” na mali pala…maling attitude, habit, toward stock trading. Pinakagusto kong natutunan dito (at sinisikap kong talagang sundin) ay yung disiplina sa trading. Ngayon loss pa yung account ko (kakahula kasi) pero with the help of the newsletters alam ko na magiging iba na kasi data driven na ang pagdedesisyon ko.More power sa Stock Signals at sayo Sir. Sana di kayo magsawa sa pagbabahagi ng inyong kaalaman..PS. Sana magpublish na kayo sir ng book. Sa dami ng articles nyo, pwede na pang libro! ?
rich in information
Thank you for offering your newsletters for free to your subscribers! I like reading your newsletters because they are so rich in information. I’m very new to the stock market, but your articles have helped me get some ideas on how I should trade. Please keep it and thank you for sharing your knowledge with people like me.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
