$ION: Moving Up at 3.60 or Going Down at 2.02?

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Ionics, Inc. (ION) made a new 52-week high last Friday, 9 March 2018, closing at 2.81 per share with a % Day Change of 11.95 percent.

Did foreign investors actively traded ION last Friday? Was the ascent in price supported by a heavy volume? Is ION a low-risk stock based on my Risk Level indicator? Are the top 10 players bullish on ION based on my 2-month, month-to-date, week-to-date, and end-of-day data? Where are ION’s support and resistance levels? I will let you know.

ION’s major support sits near 2.26, which is in confluence with the 61.8 percent Fibonacci retracement. This is the golden ratio. If ION goes down and hits 2.26, it should maintain its position above that level. Otherwise, postpone your plan to trade it until goes down near 2.02.

The minor support is near 2.55, which is in confluence with the 38.2 percent Fibonacci retracement. If it breaks below 2.55, wait for it near 2.26.

What if ION sustains its bullishness next week? You may refer to 3.60 as the major resistance of ION since it is in confluence with the 38.2 percent Fibonacci extension. I see 3.39 as a minor resistance, however. So consider the 3.39-3.60 range.

IONICS Inc (ION) - Daily Chart - March 9, 2018

As of March 9, 2018, at 03:30PM, the volume is 132.95% of the previous trading day. ION’s bullish price must maintain a daily volume above its 30-day volume average for its ascent to be more sustainable.

If you are one of our clients at Equilyst Analytics, Inc. (owner of Stock Signals Philippines) and you’re trading ION, I advise that you request for the Volume Chart of ION in our Private Clients Forum.

IONICS Inc (ION) - Volume - March 9, 2018

On a 30-day trading period, ION is on a Net Foreign Selling worth PHP1,336,901.00.

Foreign investors are not heavily invested in ION. If I will adjust my Foreign Fund Flow chart to 60, 90, or more days, you will see more Net Foreign Selling days than Net Foreign Buying days.

IONICS Inc (ION) - Foreign Fund Flow - March 9, 2018

ION is at a high-risk level already. Does it mean you should stay away from ION? Well, if you’re a beginner, pick low- to medium-risk stocks. If you’re an advanced trader, try medium- to high-risk stock.

How will you know the risk level of a stock?

Are you one of our clients at Equilyst Analytics, Inc. (owner of Stock Signals Philippines)? Then, you can post a request for the Risk Level chart of any stock in our Private Clients Forum.

IONICS Inc (ION) - Risk Level - March 9, 2018

I am going to present to you my Top 10 Players charts based on four different time frames. Focus on their buying and selling averages so you’ll have an idea of the prices that they may have set as their selling or cut-loss points.

Participants with a 100% Buying and Selling Activity from Jan-12-2018 to Mar-09-2018 at 03:30PM:

  • 4 out of 99 participants or 4.04% of all participants registered a 100% BUYING activity
  • 7 out of 99 participants or 7.07% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 2.4590
  • Top 10 Players’ Selling Average: 2.4831

IONICS Inc (ION) - Top 10 Players - Jan 12-March 9, 2018

Participants with a 100% Buying and Selling Activity from Mar-01-2018 to Mar-09-2018 at 03:30PM:

  • 3 out of 90 participants or 3.33% of all participants registered a 100% BUYING activity
  • 15 out of 90 participants or 16.67% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 2.7268
  • Top 10 Players’ Selling Average: 2.7412

IONICS Inc (ION) - Top 10 Players - March 1-9, 2018

Participants with a 100% Buying and Selling Activity from Mar-05-2018 to Mar-09-2018 at 03:30PM:

  • 3 out of 90 participants or 3.33% of all participants registered a 100% BUYING activity
  • 17 out of 90 participants or 18.89% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 2.7628
  • Top 10 Players’ Selling Average: 2.7599

IONICS Inc (ION) - Top 10 Players - March 5-9, 2018

Participants with a 100% Buying and Selling Activity as of Mar-09-2018 at 03:30PM:

  • 11 out of 55 participants or 20.00% of all participants registered a 100% BUYING activity
  • 14 out of 55 participants or 25.45% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 2.7214
  • Top 10 Players’ Selling Average: 2.7196

IONICS Inc (ION) - Top 10 Players - March 9, 2018

Look at my Price-Volume Distribution chart below. I advise that you monitor the price points that show the biggest volumes on Monday.

IONICS Inc (ION) - Price-Volume Distribution - March 9, 2018

That’s all, friends. Did I help you?

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Jaycee De Guzman

Jaycee De Guzman

I have helped thousands of Filipinos trade independently and invest profitably through the Equilyst Analytics, Inc. I have also helped hundreds of SMEs and Fortune 500 companies build and boost their online presence through iPresence Digital Marketing, Inc. Read my About Me page.
Jaycee De Guzman

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