In this technical analysis for Filinvest REIT Corp. (FILRT), 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: 7.32
VWAP: 7.36
Dominant Range: 7.38 – 7.4
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
18 of the 36 participating brokers, or 50.00% of all participants, registered a positive Net Amount
13 of the 35 participating brokers, or 37.14% of all participants, registered a higher Buying Average than Selling Average
36 Participating Brokers’ Buying Average: ₱7.33753
36 Participating Brokers’ Selling Average: ₱7.36339
9 out of 36 participants, or 25.00% of all participants, registered a 100% BUYING activity
15 out of 36 participants, or 41.67% of all participants, registered a 100% SELLING activity
Verdict
There is NO confirmed buy signal.
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Here’s what our clients say about us.
His methodology could prove to be very useful in the future.
I came across Mr. De Guzman’s website, read his article regarding DITO and found it educational. I have just started trading and learning about the definition of support and resistance. His methodology could prove to be very useful in the future.
Trustworthy and straight to the point.
Trustworthy and straight to the point.
very practical and easy to understand
very practical and easy to understand
technical and sound style of trading
Mr. Jaycee De Guzman’s technical and sound style of trading caught my attention to rely on unbiased decision to buy and sell stocks based on several elements to analyze charts.
His articles are insightful and straight forward.
It seems that he is knowledgeable in trading. His articles are insightful and straight forward.
Very informative and logical. It makes me want to learn more.
Very informative and logical. It makes me want to learn more.
I can say wow. He's good, and would like to learn from the best.
As I’m a newbie to investing and was able to see the detailed analysis of the stock on URC, I can say wow. He’s good, and would like to learn from the best.
It address both fundamental and technical analysis of a stock.
It address both fundamental and technical analysis of a stock.
In Depth
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I see a good mentor with stock exchange with mr jaycee
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