Technical Analysis: ABA | BRN

I need to explain this to you if you’re new to this website. I developed a proprietary strategy for stock trading and investing exclusively for the clients of Equilyst Analytics. I’m the author of “The Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0”. In this overhauled strategy, there are six technical parameters that must get a bullish rating for a stock to get a confirmed buy signal.

All subscribers of Equilyst Analytics get an exclusive access to the course manual I wrote for this proprietary strategy. I wrote a complete guide for newbies and experienced traders and investors on how to find stocks worthy to be in your watchlist, how to look for a confirmed buy signal, how to buy logically and strategically, and how to sell with calculated risks. I also included flowcharts and screenshots aside from the step-by-step instructions I wrote in layman’s terms. All you have to do is read with comprehension and ask in our online discussion board for clarification. The ultimate goal is for you to learn how to invest independently and trade tactically in the Philippine stock market.

In my write-up for today, August 19, 2021, I’d like to share with you if I found a confirmed buy signal for the following stocks:

AbaCore Capital Holdings, Inc. (PSE:ABA)
A Brown Company, Inc. (PSE:BRN)
Manila Water Company, Inc. (PSE:MWC)

Before I start laying down the numbers, I want you to understand that this write-up isn’t an inclusion of our stock market consultancy service. I only write freebies like this when I feel like doing it. I also don’t guarantee that I will be able to respond to comments in this post. My focus and priority are the questions of our subscribers posted in our private discussion group on our website. It’s still best to consider subscribing to our stock market consultancy service so you can pick my brain. There’s so many pieces of the puzzle that aren’t in this write-up.

AbaCore Capital Holdings, Inc. (PSE:ABA)

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 volume bar higher than 50 percent of its 10-day volume average?
Answer: NO

Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: YES

Parameter 5: Is its Dominant Range Index bullish?
Answer: YES

Dominant Range Index: BULLISH
Last Price: 1.02
VWAP: 1.02
Dominant Range: 1.02 – 1.02

Parameter 6: Is its Market Sentiment Index bullish?
Answer: NO

Market Sentiment Index: BEARISH
4 of the 15 participating brokers, or 26.67% of all participants, registered a positive Net Amount
5 of the 15 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
15 Participating Brokers’ Buying Average: ₱1.01699
15 Participating Brokers’ Selling Average: ₱1.01840
2 out of 15 participants, or 13.33% of all participants, registered a 100% BUYING activity
7 out of 15 participants, or 46.67% of all participants, registered a 100% SELLING activity

Verdict: There is NO confirmed buy signal.

A Brown Company, Inc. (PSE:BRN)

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: NO

Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES

Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO

Parameter 5: Is its Dominant Range Index bullish?
Answer: NO

Dominant Range Index: BEARISH
Last Price: 0.86
VWAP: 0.87
Dominant Range: 0.86 – 0.86

Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES

Market Sentiment Index: BULLISH
6 of the 9 participating brokers, or 66.67% of all participants, registered a positive Net Amount
3 of the 9 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
9 Participating Brokers’ Buying Average: ₱0.86410
9 Participating Brokers’ Selling Average: ₱0.86713
2 out of 9 participants, or 22.22% of all participants, registered a 100% BUYING activity
3 out of 9 participants, or 33.33% of all participants, registered a 100% SELLING activity

Verdict: There is NO confirmed buy signal.

Manila Water Company, Inc. (PSE:MWC)

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: YES

Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES

Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: YES

Parameter 5: Is its Dominant Range Index bullish?
Answer: YES

Dominant Range Index: BULLISH
Last Price: 18
VWAP: 17.97
Dominant Range: 17.96 – 18

Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES

Market Sentiment Index: BULLISH
10 of the 23 participating brokers, or 43.48% of all participants, registered a positive Net Amount
10 of the 23 participating brokers, or 43.48% of all participants, registered a higher Buying Average than Selling Average
23 Participating Brokers’ Buying Average: ₱17.96258
23 Participating Brokers’ Selling Average: ₱17.97062
8 out of 23 participants, or 34.78% of all participants, registered a 100% BUYING activity
7 out of 23 participants, or 30.43% of all participants, registered a 100% SELLING activity

Verdict: There is NO confirmed buy signal.

Reminders

If you already have the stock, the absence of a confirmed buy signal does not mean you should sell your position. Review the course manual I wrote so you’ll be reminded of the situations when you should consider either reducing the percentage of risk on your trailing stop or selling your position.
You must calculate your reward-to-risk ratio after getting a confirmed buy signal. You should only buy shares of that stock if you’re satisfied with your reward-to-risk ratio. Do not buy if you’re not happy with the ratio even if there’s a confirmed buy signal.
You may use my reward-to-risk ratio calculator, trailing stop calculator, and other trading calculators.
Keep in mind the reminders I wrote in the course manual of The Evergreen Strategy 2.0 whenever either of the Dominant Range Index or Market Sentiment Index turns bearish.
If you’re one of our subscribers and you have follow-up questions regarding the stocks I discussed in this write-up, please ask in our private online discussion group so I can answer you in detail. I do not guarantee a reply to comments in my free write-ups.

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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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