MAC Technical Analysis: Will the Price Hold Above ₱20.00 Next Week?

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Macroasia Corporation (PSE:MAC) is priced at ₱20.6 per share as of 03:30 PM GMT+8 on October 31, 2019. It is up by 8.19 percent.

The Total Turnover Value is at ₱61,673,420.00. The local traders are the main drivers of MAC today.

Macroasia Coporation (MAC) - True Market Sentiment MTD - 10.31.2019

Foreign investors registered a Net Foreign Selling worth ₱27,150,166.00. They are net buyers year-to-date.

The immediate support is near ₱18.20, while the immediate resistance is near ₱21.20.

My 10SMACD combo is bullish.

MAC’s risk level is low due to its historical volatility score of 45.8 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: 20.6
VWAP: 20.261316
Most Traded: 20 – 19.98
Most Voluminous: 20 – 19.98

Macroasia Coporation (MAC) - True Market Sentiment MTD - 10.31.2019

The Momentum Power Indicator of MAC 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 – EOD

True Market Sentiment on MAC as of Oct-31-2019 at 03:30PM, with a last price of 20.600.
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 20.2489
Top 10 Players’ Selling Average: 20.2790
Bonus Info:
4 out of 42 participants or 9.52% of all participants registered a 100% BUYING activity
18 out of 42 participants or 42.86% of all participants registered a 100% SELLING activity

Macroasia Coporation (MAC) - True Market Sentiment MTD - 10.31.2019

True Market Sentiment – WTD

True Market Sentiment on MAC from Oct-28-2019 to Oct-31-2019 at 03:30PM, with a last price of 20.600.
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 19.8090
Top 10 Players’ Selling Average: 19.8395
Bonus Info:
5 out of 44 participants or 11.36% of all participants registered a 100% BUYING activity
18 out of 44 participants or 40.91% of all participants registered a 100% SELLING activity

Macroasia Coporation (MAC) - True Market Sentiment MTD - 10.31.2019

True Market Sentiment – MTD

True Market Sentiment on MAC from Oct-01-2019 to Oct-31-2019 at 03:30PM, with a last price of 20.600.
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 19.1558
Top 10 Players’ Selling Average: 19.3133
Bonus Info:
8 out of 53 participants or 15.09% of all participants registered a 100% BUYING activity
15 out of 53 participants or 28.30% of all participants registered a 100% SELLING activity

Macroasia Coporation (MAC) - True Market Sentiment MTD - 10.31.2019

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.

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Recommendations

Congrats to those who bought this stock when the 10SMACD and Momentum Power Indicator showed bullish signals last October 18, 2019. Assuming that your trailing stop is still intact and you want to top-up, you have the data-driven signal to do so. However, you also have the option to take profit. In alignment to our Evergreen Strategy, profit-taking is an option, even if the 10SMACD and MPI remain bullish, is a logical option not because the price is drawing closer to the resistance but because the True Market Sentiment end-of-day, week-to-date, and month-to-date are bearish.

If you are planning to enter a new position, calculate your reward-to-risk ratio first using my Reward-to-Risk Ratio Calculator. If you are satisfied with the ratio, you can do a test buy. Otherwise, you can wait near the current immediate support of 20 and our signals 10SMACD and Momentum Power Indicator should be both bullish. Nonetheless, I would recommend to newbie traders to wait for a pullback or a breakout since the last price is already closer to the immediate resistance than the immediate support.

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 enables us to tell 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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