8990 Holdings – Series A Perpetual Pref Analysis: February 3, 2020

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8990 Holdings - Series A Perpetual Pref Analysis - February 3 2020

8990 Holdings – Series A Perpetual Pref (PSE:8990P) closed at ₱97.05 per share as of 03:30 PM GMT+8 on February 3, 2020. It went down by 1.97 percent.

The Total Turnover Value was ₱303,538.00. The local traders were the main drivers of 8990 Holdings – Series A Perpetual Pref today.

Foreign investors registered a Net Foreign Buying worth ₱4,900.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱97.10, while the immediate resistance is near ₱100.00.

Our 10SMACD combo is bearish.

8990P’s risk level is low due to its historical volatility score of 13.56 percent.

8990 Holdings - Series A Perpetual Pref Analysis - Daily Chart EOD - 2.3.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 97.05
VWAP: ₱97.91548
Dominant Range: ₱97.05 – ₱97.05

The Momentum Power Indicator of 8990 Holdings – Series A Perpetual Pref is bearish.

8990 Holdings - Series A Perpetual Pref Analysis - Trade Volume Distribution EOD - 2.3.2020

True Market Sentiment – EOD

True Market Sentiment on 8990P as of Feb-03-2020 at 03:30PM with a last price of ₱97.050
True Market Sentiment: BEARISH
4 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: ₱97.7021
Top 10 Players’ Selling Average: ₱97.9153
Bonus Info:
4 out of 5 participants or 80.00% of all participants registered a 100% BUYING activity
1 out of 5 participants or 20.00% of all participants registered a 100% SELLING activity

8990 Holdings - Series A Perpetual Pref Analysis - True Market Sentiment EOD - 2.3.2020

Should You Buy, Hold, or Sell 8990 Holdings – Series A Perpetual Pref?

Do you have 8990 Holdings – Series A Perpetual Pref in your portfolio already?

There’s no buy signal confirmation for 8990P 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 8990 Holdings – Series A Perpetual Pref yet but are you planning to do a test-buy?

There’s no buy signal confirmation for 8990P yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on 8990P.

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.