Apex Mining Company Analysis: February 3, 2020

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Apex Mining Company Analysis - February 3, 2020

Apex Mining Company (PSE:APX) closed at ₱1.04 per share as of 03:30 PM GMT+8 on February 3, 2020. It went up by 5.05 percent.

The Total Turnover Value was ₱4,030,470.00. The local traders were the main drivers of Apex Mining Company today.

Foreign investors registered a Net Foreign Selling worth ₱149,060.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱0.90, while the immediate resistance is near ₱1.14.

Our 10SMACD combo is bearish.

APX’s risk level is moderate due to its historical volatility score of 51.09 percent.

Apex Mining Company Analysis - Daily Chart EOD - 2.3.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 1.04
VWAP: ₱1.07193
Dominant Range: ₱1.04 – ₱1.1

The Momentum Power Indicator of Apex Mining Company is bearish.

Apex Mining Company Analysis - Trade Volume Distribution EOD - 2.3.2020

True Market Sentiment – EOD

True Market Sentiment on APX as of Feb-03-2020 at 03:30PM with a last price of ₱1.040
True Market Sentiment: NEUTRAL
5 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: ₱1.0672
Top 10 Players’ Selling Average: ₱1.0759
Bonus Info:
4 out of 24 participants or 16.67% of all participants registered a 100% BUYING activity
7 out of 24 participants or 29.17% of all participants registered a 100% SELLING activity

Apex Mining Company Analysis - True Market Sentiment EOD - 2.3.2020

Should You Buy, Hold, or Sell Apex Mining Company?

Do you have Apex Mining Company in your portfolio already?

There’s no buy signal confirmation for APX 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 Apex Mining Company yet but are you planning to do a test-buy?

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

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.