Wilcon Depot, Inc. (PSE:WLCON) is priced at ₱17.4 per share as of 03:30 PM GMT+8 on November 12, 2019. It is up by 1.05 percent.
The Total Turnover Value is at ₱71,791,278.00. The local traders are the main drivers of WLCON today.
Foreign investors registered a Net Foreign Buying worth ₱52,284,274.00. They are net buyers year-to-date.
The immediate support is near ₱16.50, while the immediate resistance is near ₱17.50. If it breaks above ₱17.50, we’re looking at ₱18.80 as the next resistance, which is in confluence with the 61.8 percent of the Up Fibonacci.
My 10SMACD combo is bearish.
WLCON’s risk level is low due to its historical volatility score of 23.89 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 17.4
VWAP: ₱17.41788
Dominant Range: ₱17.4 – ₱17.6
The Momentum Power Indicator of WLCON is bearish because only 2 of 4 elements are bullish.
True Market Sentiment – EOD
True Market Sentiment on WLCON as of Nov-12-2019 at 03:30PM, with a last price of ₱17.40
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱17.4385
Top 10 Players’ Selling Average: ₱17.4325
Bonus Info:
11 out of 44 participants or 25.00% of all participants registered a 100% BUYING activity
11 out of 44 participants or 25.00% of all participants registered a 100% SELLING activity
True Market Sentiment – WTD
True Market Sentiment on WLCON from Nov-11-2019 to Nov-12-2019 at 03:30PM, with a last price of ₱17.40
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱17.3417
Top 10 Players’ Selling Average: ₱17.2891
Bonus Info:
10 out of 50 participants or 20.00% of all participants registered a 100% BUYING activity
14 out of 50 participants or 28.00% of all participants registered a 100% SELLING activity
True Market Sentiment – MTD
True Market Sentiment on WLCON from Nov-04-2019 to Nov-11-2019 at 03:30PM, with a last price of ₱17.40
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱17.1670
Top 10 Players’ Selling Average: ₱17.1352
Bonus Info:
11 out of 66 participants or 16.67% of all participants registered a 100% BUYING activity
24 out of 66 participants or 36.36% of all participants registered a 100% SELLING activity
Recommendations
Despite the Momentum Power Indicator’s bearish rating today, WLCON’s True Market Sentiment on the weekly chart is bullish and neutral on both daily and monthly charts. What does this mean? It means that most of WLCON’s top 10 brokers are still holding their positions.
Does it mean it’s logical to hold your position with WLCON? That will be true if your trailing stop has not been hit yet.
Is it recommended that you top up? I don’t recommend that because we have no confirmed buy signal yet. The 10SMACD and Momentum Power Indicator must be bullish to get a confirmed buy rating.
For now, it’s best that you do an upward adjustment on your trailing stop every time WLCON registers a higher prevailing price. Use my Trailing Stop Calculator.
I also do not recommend that you enter a new position. The reward-to-risk ratio doesn’t look good, at least, based on how I calculate my reward-to-risk ratio. It’s best for you to wait for the resistance at ₱17.50 to be broken. Once it’s broken, check if the 10SMACD and Momentum Power Indicator are already bullish. If they’re both bullish, calculate your reward-to-risk ratio using my Reward-to-Risk Ratio Calculator. If you’re satisfied with the ratio, that’s the time when you should position within the dominant range to do a test-buy.
Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.
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