ENERGY DEVELOPMENT CORP. (EDC – Energy Sector) – 4.21.2015

Stock Analysis -


As of April 21, 2015 at 03:30:00 PM GMT+8, EDC ranged between PHP7.76 and PHP7.99.
EDC closed at PHP7.83 with a Percentage Change of 1.42% or 0.11 points.
EDC’s candlestick issued a SELL signal.

Current Price: PHP7.83
Support: PHP7.72
Resistance: PHP7.98

What Do the 5 Indicators and EMA Tell Us?

MACD, at -0.166900, shows that EDC’s downward momentum is stronger than its upward momentum.
However, be informed that MACD is trending BELOW the signal line or the 9-day Moving Average, which means bears are trying to take control if not already in control.
MACD didn’t issue a buy or sell signal.

DMI, at 25.48, shows that the downward movement of EDC’s price is directionally strong. Bears are in full control.
DMI didn’t issue a buy or sell signal.
Current Intraday Low: 7.76.

RSI, at 34.43, shows that EDC is trending between (neutral position) the confirmed bearish and bullish zones.
RSI issued a BUY signal.

Stochastic, at 18.83, shows that EDC is oversold.
Stochastic didn’t issue a buy or sell signal.

Volatility Ratio, at 0.369900, may be too low for a possible breakout at PHP7.98.
Volatility Ratio didn’t issue a buy or sell signal.

QStick, at -0.06, shows that the selling 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 top of the current price, which triggers a SELL signal.

EDC shows a bullish sign as the share price moves above the 5-day EMA.
However, there is still this bearish sign with the 10-day EMA positioned above the 5-day EMA.

Volume and Foreign Activity

Today’s volume is 84.42% of the previous trading day.
Total Trade Amount Today: PHP237,290,858.00
Foreign Brokers’ Buy Value: PHP91,700,334.00 or 38.64%
Foreign Brokers’ Sell Value: PHP89,524,026.00 or 37.73%
Foreign Brokers’ Buy Average: 7.86
Foreign Brokers’ Sell Average: 7.83
9 out of 11 active foreign brokers traded EDC.
# of Net Buyers: 5 out of 9
DEUTSCHE bought the most number of shares amounting to PHP49,678,033.00
DEUTSCHE sold the most number of shares amounting to PHP36,912,979.00
Foreign investors have been net buyers for the past 1 trading day(s).

REMINDER: This isn’t my detailed analysis for┬áthis stock. You won’t even see my recommended plan of action in this quick analysis. If you’re a premium subscriber of the Stock Signals Program, you will find out whether this is part of my Top Stock Picks or not. If it’s in my Top Stock Picks, you will see my daily┬ánotes and recommendation for this stock in the Top Stock Picks page. If it isn’t in my Top Stock Picks, we may discuss this (no extra fees required) during our future weekly meeting in the forum that is accessible by premium subscribers only.

Jaycee De Guzman

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