Italpinas Development Corporation Analysis: February 5, 2020

Italpinas Development Corporation Analysis- February 5, 2020

Italpinas Development Corporation (PSE:IDC) closed at ₱3.54 per share as of 03:30 PM GMT+8 on February 5, 2020. It went up by 4.42 percent.

The Total Turnover Value was ₱1,444,220.00. The local traders were the main drivers of Italpinas Development Corporation today.

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

The immediate support is near ₱3.24, while the immediate resistance is near ₱4.30.

Our 10SMACD combo is bearish.

IDC’s risk level is moderate due to its historical volatility score of 65.57 percent.

Italpinas Development Corporation Analysis - Daily Chart EOD - 2.5.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 3.54
VWAP: ₱3.54845
Dominant Range: ₱3.54 – ₱3.64

The Momentum Power Indicator of Italpinas Development Corporation is bearish.

Italpinas Development Corporation Analysis - Trade Volume Distribution EOD - 2.5.2020

True Market Sentiment – EOD

True Market Sentiment on IDC as of Feb-05-2020 at 03:30PM with a last price of ₱3.540
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: ₱3.5471
Top 10 Players’ Selling Average: ₱3.5430
Bonus Info:
4 out of 14 participants or 28.57% of all participants registered a 100% BUYING activity
2 out of 14 participants or 14.29% of all participants registered a 100% SELLING activity

Italpinas Development Corporation Analysis - True Market Sentiment EOD - 2.5.2020

Should You Buy, Hold, or Sell Italpinas Development Corporation?

Do you have Italpinas Development Corporation in your portfolio already?

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

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

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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