In this technical analysis for AC Energy Corporation (ACEN), I’ll show you the status of the six (6) indicators I monitor to know if the stock has a confirmed buy signal. If all six indicators are bullish, it means the stock has a confirmed buy signal according to my proprietary methodology.
I don’t follow the classical usage of technical indicators. I have my proprietary methodology in using certain technical indicators, which I call The Evergreen Strategy 2.0.
Getting a confirmed buy signal does not mean buying the stock right away. I must compute for my initial trailing stop and reward-to-risk ratio first.
The computation of my reward-to-risk ratio follows after computing for my initial trailing stop. I need to decide for the percentage of risk I’m willing to apply in that particular trade. This process must be done sequentially. To compute my reward-to-risk ratio, I need to identify the stock’s resistance.
For my and clients’ convenience, I created the Trailing Stop Calculator and Reward-to-Risk Ratio Calculator, which you’ll find in the Calculators tab of the Library section of our website.
Let’s take a look at the ratings of the six indicators.
Price vs. 10-day Simple Moving Average (SMA)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: YES
Volume
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Moving Average Convergence Divergence (MACD) vs. Signal Line
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES
Volume-Weighted Average Price (VWAP)
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Dominant Range Index (DRI)
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 11.92
VWAP: 11.97
Dominant Range: 12 – 12
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
27 of the 73 participating brokers, or 36.99% of all participants, registered a positive Net Amount
25 of the 72 participating brokers, or 34.72% of all participants, registered a higher Buying Average than Selling Average
73 Participating Brokers’ Buying Average: ₱11.95411
73 Participating Brokers’ Selling Average: ₱11.97686
10 out of 73 participants, or 13.70% of all participants, registered a 100% BUYING activity
15 out of 73 participants, or 20.55% of all participants, registered a 100% SELLING activity
Verdict
There is NO confirmed buy signal because not all 6 indicators have a YES rating.
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very unique style
very unique style of approach in trading using data analytics and TA. and also with FA.
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he checks sentiments of traders
he checks sentiments of traders
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good teacher and adviser
He is expert in using the different indicator in the stock He is good teacher and adviser in terms of investment and traders.
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He’s really a great guy. Most of his analysis are truly based on facts and company disclosures. Jaycee is the guy that wants to help other traders or investors with regards to the Philippine Stock Market
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