JG Summit Holdings Analysis: February 3, 2020

JG Summit Holdings Analysis 1 - February 3, 2020

JG Summit Holdings (PSE:JGS) closed at ₱69.50 per share as of 03:30 PM GMT+8 on February 3, 2020. It went down by 0.86 percent.

The Total Turnover Value was ₱89,100,057.00. The foreign traders were the main drivers of JG Summit Holdings today.

Foreign investors registered a Net Foreign Selling worth ₱972,020.00. They are net sellers year-to-date.

The immediate support is near ₱69.00, while the immediate resistance is near ₱75.50.

Our 10SMACD combo is bearish.

JGS’s risk level is low due to its historical volatility score of 37.43 percent.

JG Summit Holdings Analysis - Daily Chart EOD - 2.3.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 69.5
VWAP: ₱69.50788
Dominant Range: ₱69.25 – ₱69.5

The Momentum Power Indicator of JG Summit Holdings is bearish.

JG Summit Holdings Analysis - Trade Volume Distribution EOD - 2.3.2020

True Market Sentiment – EOD

True Market Sentiment on JGS as of Feb-03-2020 at 03:30PM with a last price of ₱69.50
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱69.5263
Top 10 Players’ Selling Average: ₱69.4691
Bonus Info:
9 out of 33 participants or 27.27% of all participants registered a 100% BUYING activity
4 out of 33 participants or 12.12% of all participants registered a 100% SELLING activity

JG Summit Holdings Analysis - True Market Sentiment EOD - 2.3.2020

Should You Buy, Hold, or Sell JG Summit Holdings?

Do you have JG Summit Holdings in your portfolio already?

There’s no buy signal confirmation for JGS yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have JG Summit Holdings yet but are you planning to do a test-buy?

There’s no buy signal confirmation for JGS yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on JGS.

Watch Equilyst Analytics’ online stock market course, called as The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how you to spot confirmed buy signals for any stock.

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