DISCLAIMER: I was not commissioned by any company to write about this stock review. The contents of this article are based on my own analysis and interpretation. I would recommend you to do your own analysis if you’d like to confirm the information that is presented in this article. This is only a sneak preview of my technical analysis. This is not financial advice. Whether you decide to buy, hold, or sell the stock that’s being reviewed, it’s all up to you. Trade at your own risk. Only the subscribers of the Stock Signals Program get my detailed technical analysis and recommended plan of action.
Stock of the Day – FGEN (Electricity Sector) – 1.27.2015
Technical Analysis: Sneak Preview Only
As of January 27, 2015 at 03:30:00 PM GMT+8, FGEN ranged between PHP28.90 and PHP29.90.
FGEN closed at PHP29.50 with a Percentage Change of 3.15% or 0.90 points.
FGEN’s candlestick didn’t issue any buy or sell signal.
Current Price: PHP29.50
Total Trade Amount [JAN 27 2015]: PHP532,408,220.00
Foreign Broker’s Buy Value: PHP301,859,726.49 or 75.30%
Foreign Selling: PHP308,977,740.33 or 77.07%
MACD, at 0.626000, shows that FGEN’s upward momentum is stronger than its downward momentum.
Be informed that MACD is trending ABOVE the signal line or the 9-day Moving Average, which means bulls are trying to take control if not already in control.
MACD didn’t issue a buy or sell signal.
DMI, at 18.98, shows that the upward movement of FGEN’s price is not yet completely directionally strong. However, bulls are trying to take control of the situation.
DMI didn’t issue a buy or sell signal.
RSI, at 71.86, shows that FGEN is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.
Stochastic, at 84.33, shows that FGEN is overbought.
Stochastic didn’t issue a buy or sell signal.
Volatility Ratio, at 0.288900, is too low for a possible breakout at PHP30.00. Nonetheless, you need to mix-and-match the signals coming from the other indicators since the Volatility Ratio isn’ t a standalone technical indicator.
Volatility Ratio didn’t issue a buy or sell signal.
QStick, at 0.225000, shows that the buying momentum for the majority of the past 8 trading days is increasing.
QStick didn’t issue a buy or sell signal.
The PARSAR line appears at the bottom, which means the uptrend’s momentum is still felt.
FGEN shows a bullish sign as the share price moves above the 5-day EMA.
That bullish pattern is being complemented by the 10-day EMA which is positioned below the 5-day EMA.
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