East West Banking Corporation Analysis: February 5, 2020

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East West Banking Corporation Analysis- February 5, 2020

East West Banking Corporation (PSE:EW) closed at ₱11.12 per share as of 03:30 PM GMT+8 on February 5, 2020. It went up by 0.54 percent.

The Total Turnover Value was ₱930,402.00. The local traders were the main drivers of East West Banking Corporation today.

Foreign investors registered a Net Foreign Selling worth ₱604,770.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱10.84, while the immediate resistance is near ₱11.62.

Our 10SMACD combo is bearish.

EW’s risk level is low due to its historical volatility score of 34.65 percent.

East West Banking Corporation Analysis - Daily Chart EOD - 2.5.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 11.12
VWAP: ₱11.12921
Dominant Range: ₱11.1 – ₱11.16

The Momentum Power Indicator of East West Banking Corporation is bearish.

East West Banking Corporation Analysis - Trade Volume Distribution EOD - 2.5.2020

True Market Sentiment – EOD

True Market Sentiment on EW as of Feb-05-2020 at 03:30PM with a last price of ₱11.120
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: ₱11.1292
Top 10 Players’ Selling Average: ₱11.1418
Bonus Info:
3 out of 12 participants or 25.00% of all participants registered a 100% BUYING activity
6 out of 12 participants or 50.00% of all participants registered a 100% SELLING activity

East West Banking Corporation Analysis - True Market Sentiment EOD - 2.5.2020

Should You Buy, Hold, or Sell East West Banking Corporation?

Do you have East West Banking Corporation in your portfolio already?

There’s no buy signal confirmation for EW yet. Even though the last volume bar is green, today’s volume is less than the 50 percent of the stock’s 10-day volume average. You may want to reduce the percentage of risk on your trailing stop, at least.

You don’t have East West Banking Corporation yet but are you planning to do a test-buy?

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

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.

Also, you can post a request for the latest analysis and recommendation of Equilyst Analytics on any stock if you’ve subscribed to their stock market subscription service.