ABS-CBN Corporation Analysis: February 3, 2020

ABS-CBN Corporation Analysis- February 3, 2020

ABS-CBN Corporation (PSE:ABS) closed at ₱17.46 per share as of 03:30 PM GMT+8 on February 3, 2020. It went up by 6.33 percent.

The Total Turnover Value was ₱1,933,600.00. The local traders were the main drivers of ABS-CBN Corporation today.

ABS is not open to foreign investors. Therefore, expect no participation from foreign investors.

The immediate support is near ₱15.40, while the immediate resistance is near ₱19.40.

Our 10SMACD combo is bearish.

ABS’s risk level is moderate due to its historical volatility score of 52.32 percent.

ABS-CBN Corporation Analysis - Daily Chart EOD - 2.3.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 17.46
VWAP: ₱17.26429
Dominant Range: ₱17.46 – ₱17.5

The Momentum Power Indicator of ABS-CBN Corporation is bearish.

ABS-CBN Corporation Analysis - Trade Volume Distribution EOD - 2.3.2020

True Market Sentiment – EOD

True Market Sentiment on ABS as of Feb-03-2020 at 03:30PM with a last price of ₱17.460
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: ₱17.2376
Top 10 Players’ Selling Average: ₱17.2791
Bonus Info:
3 out of 16 participants or 18.75% of all participants registered a 100% BUYING activity
5 out of 16 participants or 31.25% of all participants registered a 100% SELLING activity

ABS-CBN Corporation Analysis - True Market Sentiment EOD - 2.3.2020

Should You Buy, Hold, or Sell ABS-CBN Corporation?

Do you have ABS-CBN Corporation in your portfolio already?

There’s no buy signal confirmation for ABS 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 ABS-CBN Corporation yet but are you planning to do a test-buy?

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

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.