Manila Electric Company (PSE:MER) closed at ₱259.00 per share as of 03:30 PM GMT+8 on February 3, 2020. It went up by 1.17 percent.
The Total Turnover Value was ₱73,062,030.00. The foreign traders were the main drivers of Manila Electric Company today.
Foreign investors registered a Net Foreign Selling worth ₱23,391,896.00. They are net sellers year-to-date.
The immediate support is near ₱216.00, while the immediate resistance is near ₱258.00.
Our 10SMACD combo is bearish.
MER’s risk level is moderate due to its historical volatility score of 66.95 percent.
Trade-Volume Distribution Analysis
Last Price: ₱ 259
Dominant Range: ₱259 – ₱260.6
The Momentum Power Indicator of Manila Electric Company is bearish.
True Market Sentiment – EOD
True Market Sentiment on MER as of Feb-03-2020 at 03:30PM with a last price of ₱259.0
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱259.6372
Top 10 Players’ Selling Average: ₱259.2081
24 out of 50 participants or 48.00% of all participants registered a 100% BUYING activity
7 out of 50 participants or 14.00% of all participants registered a 100% SELLING activity
Should You Buy, Hold, or Sell Manila Electric Company?
Do you have Manila Electric Company in your portfolio already?
There’s no buy signal confirmation for MER 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 Manila Electric Company yet but are you planning to do a test-buy?
There’s no buy signal confirmation for MER yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on MER.
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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