ENERGY DEVELOPMENT CORP. (EDC) – 10.29.2014 Stock Review

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Stock Analysis - JayceeDeGuzman.com

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. Trade at your own risk. Only the subscribers of the Stock Signals Program get my detailed technical analysis and recommended plan of action.

ENERGY DEVELOPMENT CORP. (EDC)

Current Price: PHP7.59
Support: PHP7.50
Resistance: PHP7.72

ENERGY DEVELOPMENT CORP. (EDC) - 10.28.2014 Stock Review

Technical Indicators’ Interpretations

As on October 29, 2014 at 3:30PM GMT+8, EDC ranged between PHP7.57 and PHP7.69.
EDC closed today at PHP7.59 with a Percentage Change of -0.26% or 0.02 points.
EDC’s candlestick issued a SELL signal.

Total Traded Amount [OCT 29 2014]: PHP131,667,877.00
Net Foreign Buying: 51.53%
Net Foreign Selling: 39.74%

MACD shows that EDC’s upward momentum is stronger than its downward momentum.
MACD didn’t issue a buy or sell signal.

DMI shows that the upward movement of EDC’s price is directionally weak. However, bulls are trying to take control of the situation.
DMI didn’t issue a buy or sell signal.

RSI shows that EDC is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.

Stochastic shows that EDC is neither oversold nor overbought.
Stochastic didn’t issue a buy or sell signal.

Volatility Ratio is too low for a possible breakout at PHP7.72 .
Volatility Ratio didn’t issue a buy or sell signal.

QStick shows that the buying momentum for the majority of the past 8 trading days is increasing.
QStick issued a SELL signal.

Do you have ENERGY DEVELOPMENT CORP. in your portfolio?
Will you SELL it tomorrow or you’ll continue buying just because today’s net foreign buying is heavier than the net foreign selling?

Comment below and let’s discuss.

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Jaycee De Guzman

Jaycee Silverio de Guzman is a computer scientist by profession. He is the founder and CEO of iPresence Digital Marketing, Inc. and Equilyst Analytics, Inc. He is a husband and a father.
Jaycee De Guzman

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