Globe Telecom Analysis: February 5, 2020

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Globe Telecom Analysis- February 5, 2020

Globe Telecom (PSE:GLO) closed at ₱1,962.00 per share as of 03:30 PM GMT+8 on February 5, 2020. It went up by 1.66 percent.

The Total Turnover Value was ₱32,014,240.00. The local traders were the main drivers of Globe Telecom today.

Foreign investors registered a Net Foreign Selling worth ₱10,568,170.00. They are net buyers year-to-date.

The immediate support is near ₱1,770.00, while the immediate resistance is near ₱2,100.00.

Our 10SMACD combo is bearish.

GLO’s risk level is low due to its historical volatility score of 30.55 percent.

Globe Telecom Analysis - Daily Chart EOD - 2.5.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 1962
VWAP: ₱1961.65686
Dominant Range: ₱1960 – ₱1962

The Momentum Power Indicator of Globe Telecom is bearish.

Globe Telecom Analysis - Trade Volume Distribution EOD - 2.5.2020

True Market Sentiment – EOD

True Market Sentiment on GLO as of Feb-05-2020 at 03:30PM with a last price of ₱1962.0
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: ₱1961.6973
Top 10 Players’ Selling Average: ₱1961.5217
Bonus Info:
7 out of 27 participants or 25.93% of all participants registered a 100% BUYING activity
8 out of 27 participants or 29.63% of all participants registered a 100% SELLING activity

Globe Telecom Analysis - True Market Sentiment EOD - 2.5.2020

Should You Buy, Hold, or Sell Globe Telecom?

Do you have Globe Telecom in your portfolio already?

There’s no buy signal confirmation for GLO 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 Globe Telecom yet but are you planning to do a test-buy?

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

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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