BDO Technical Analysis: Are We Going to See a Breakout Above ₱154 This Week?

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BDO Unibank, Inc. (PSE:BDO) is priced at ₱150.9 per share, up by 2.1 percent, as of 12:00 PM GMT+8 on October 28, 2019.

The Total Turnover Value is at ₱260,308,007.00. The foreign traders are the main drivers of BDO today.

BDO Unibank, Inc (BDO) - Daily Chart EOD - 10.28.2019

Foreign investors registered a Net Foreign Buying worth ₱55,755,745.00. They are net sellers year-to-date.

The immediate support is near ₱140.00, while the immediate resistance is near ₱154.00.

My 10SMA-MACD combo is bullish.

BDO’s risk level is low due to its historical volatility score of 28.19 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.

Trade-Volume Distribution Analysis

Last Price: 150.9
VWAP: 150.112167
Most Traded: 149.9 – 150
Most Voluminous: 149.9 – 150

BDO Unibank, Inc (BDO) - Trade Volume Distribution as of 12PM - 10.28.2019

The Momentum Power Indicator of BDO is bullish because all 4 of 4 elements are bullish. The upward movement of the price is more than likely to continue as of the time of writing this analysis.

True Market Sentiment Analysis as of 12PM – October 28, 2019

True Market Sentiment on BDO as of Oct-28-2019 at 12:00PM, with a last price of 150.900.
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: 150.1108
Top 10 Players’ Selling Average: 150.0003
Bonus Info:
2 out of 53 participants or 3.77% of all participants registered a 100% BUYING activity
35 out of 53 participants or 66.04% of all participants registered a 100% SELLING activity

BDO Unibank, Inc (BDO) - True Market Sentiment as of 12PM - 10.28.2019

The majority of the top 10 brokers are bearish on BDO.

True Market Sentiment Analysis – MTD

True Market Sentiment on BDO from Oct-01-2019 to Oct-28-2019 at 12:00PM, with a last price of150.900.
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 146.7778
Top 10 Players’ Selling Average: 146.0614
Bonus Info:
1 out of 93 participants or 1.08% of all participants registered a 100% BUYING activity
23 out of 93 participants or 24.73% of all participants registered a 100% SELLING activity

BDO Unibank, Inc (BDO) - True Market Sentiment MTD - 10.28.2019

As far as my Evergreen Strategy is concerned, it’s a confirmed buy signal if the 10SMA-MACD and the Momentum Power Indicator are both bullish. The opposite is true if the 10SMA-MACD and Momentum Power Indicator are both bearish.

Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

If your trailing stop is still intact and you’d like to top up, you have data-driven reasons to top up within the dominant range since the 10SMA-MACD and Momentum Power Indicator are both bullish. On the other hand, it’s also a logical option to only hold your position since the intraday and month-to-date True Market Sentiment is neutral. Please make sure that you do an upward adjustment on your trailing stop every time the price goes higher. You may use my Trailing Stop Calculator.

On the other hand, if you are planning to enter a new position on this stock, it’s best to calculate your reward-to-risk ratio first. If your reward-to-risk ratio isn’t that attractive, I recommend that you wait for a breakout or a pullback. You can use my Reward-to-Risk Ratio Calculator. Calculate your trailing stop immediately once the stock enters your portfolio.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this allows us to alert of you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

Jaycee De Guzman

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