JOLLIBEE FOODS CORPORATION (JFC) – 10.04.2014 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 am writing this report not to solicit buyers or sellers of the stock being reviewed. I would recommend you to do your own analysis if you’d like to confirm the information that is presented in this article.

JOLLIBEE FOODS CORPORATION (JFC) Stats

Trend: Up
Current Share Price: PHP196.40
Support: PHP190.00
Resistance: PHP199.00
MACD: 1.861
DMI: 9.74
RSI: 56.81
Stochastic: 50.48
Volatility Ratio: 1.0
QStick Indicator: 0.325

JOLLIBEE FOODS CORPORATION (JFC) - 10.04.2014 Stock Review

Observations

On October 3, 2014, JFC ranged between PHP190.70 to PHP196.40. It closed at PHP196.40, which was 3.37% higher than the closing price on October 2, 2014.

MACD is above the zero line. It’s about to make a convergence with the signal line, which will give us a sell signal.

DMI shows that bears are above bulls, but the former are not yet directionally stronger than the latter.

The RSI score is far from the overbought zone.

Stochastic concurs to RSI, but a nearing convergence is spotted, which will result to a sell signal. Just like the potential sell signal from MACD, it doesn’t mean you should sell right away. Always base your buying and selling decisions on your strategy. These signals are just for our guidance.

This high volatility ratio may mean a breakout on Tuesday, especially that the QStick indicator shows that the buying force is still stronger than the selling force for the past 8 trading days. The question now is this: “When is the best time and what is the right intraday support zone before you buy JFC so you won’t have a hard-time averaging down?”

Note this: Out of 30 brokers who traded JFC yesterday, only 7 tallied a positive Net Trade. However, these 7 bagged in more JFC shares than the ones who vomited JFC. Now you decide. Will you go by the number of brokers who had had a zero or negative Net Trade or by the number of shares bagged in by the ones with a positive Net Trade?

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