In this technical analysis for GMA Network (GMA7), 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: 15.52
VWAP: 15.69
Dominant Range: 15.5 – 16
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
24 of the 62 participating brokers, or 38.71% of all participants, registered a positive Net Amount
24 of the 61 participating brokers, or 39.34% of all participants, registered a higher Buying Average than Selling Average
62 Participating Brokers’ Buying Average: ₱15.63870
62 Participating Brokers’ Selling Average: ₱15.72246
12 out of 62 participants, or 19.35% of all participants, registered a 100% BUYING activity
15 out of 62 participants, or 24.19% 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.
It teaches technical analysis in the simplest way.
His methodology is quite helpful to beginners like me. It teaches technical analysis in the simplest way.
Very insighful and never without basis.
Very insighful and never without basis.
Inspiring
Inspiring
Very scientific
Very scientific
Informative and very good guide for us investors and traders
Informative and very good guide for us investors and traders
His articles are informative and practical.
His articles are informative and practical. Concise and simple to understand and helpful for investors to assess and make informed decisions.
His articles are very Helpful and very informative.
His articles are very Helpful and very informative. It provides enough details for stock traders to make an informed decision.
insightful and helpful
insightful and helpful
helps me choose what stocks are right to watch
it helps me to choose what stocks that are right to watch out for rather than choosing random
his lessons are worth it and his daily guidance is really useful for practicing the system he teaches
Let’s Be Honest, what this guy markets is true. It’s better than your usual subscription to services like Truly Rich Club(UGH). If you’re new to the market, his lessons are worth it and his daily guidance is really useful for practicing the system he teaches in combination with your own technique. I appreciate his application of making volume a serious consideration on trades.
Pero I don’t believe that what he teaches will really give you and edge. It may at best, lift your feet of the ground. You need to find people with more experience in the market and techniques that can’t be found in books. The service and the lessons are up to par with the cost anyway.
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