2GO Group Analysis: February 3, 2020

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2GO Group Analysis- February 3, 2020

2GO Group (PSE:2GO) closed at ₱9.49 per share as of 03:30 PM GMT+8 on February 3, 2020. It went up by 0.96 percent.

The Total Turnover Value was ₱120,540.00. The local traders were the main drivers of 2GO Group today.

Foreign investors registered a Net Foreign Selling worth ₱0.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱9.40, while the immediate resistance is near ₱10.10.

Our 10SMACD combo is bearish.

2GO’s risk level is low due to its historical volatility score of 33.07 percent.

2GO Group Analysis - Daily Chart EOD - 2.3.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 9.49
VWAP: ₱9.34419
Dominant Range: ₱9.48 – ₱9.49

The Momentum Power Indicator of 2GO Group is bullish.

2GO Group Analysis - Trade Volume Distribution EOD - 2.3.2020

True Market Sentiment – EOD

True Market Sentiment on 2GO as of Feb-03-2020 at 03:30PM with a last price of ₱9.490
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱9.3406
Top 10 Players’ Selling Average: ₱9.3498
Bonus Info:
3 out of 10 participants or 30.00% of all participants registered a 100% BUYING activity
2 out of 10 participants or 20.00% of all participants registered a 100% SELLING activity

2GO Group Analysis - True Market Sentiment EOD - 2.3.2020

Should You Buy, Hold, or Sell 2GO Group?

Do you have 2GO Group in your portfolio already?

There’s no buy signal confirmation for 2GO yet. Since the last volume bar is green and it’s higher than the 50 percent of the stock’s 10-day volume average, you may choose to hold your position, but don’t top up yet.

You don’t have 2GO Group yet but are you planning to do a test-buy?

There’s no buy signal confirmation for 2GO yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on 2GO.

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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