MANILA ELECTRIC COMPANY (MER)
As of June 1, 2015 at 03:30:00 PM GMT+8, MER ranged between PHP276.00 and PHP283.40.
MER closed at PHP282.60 with a Percentage Change of 0.50% or 1.40 points.
MER’s candlestick issued a BUY signal.
Current Price: PHP282.60
MACD, at 3.153000, shows that MER’s upward momentum is stronger than its downward momentum.
Be informed that MACD is trending ABOVE the signal line or the 9-day Moving Average, which means the bulls are trying to take control if not already in control.
MACD didn’t issue a buy or sell signal.
DMI, at 20.33, shows that the upward movement of MER’s price is not yet completely directionally strong. However, bulls are trying to take control of the situation.
DMI didn’t issue a buy or sell signal.
RSI, at 73.52, shows that MER is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.
Stochastic, at 83.99, shows that MER is overbought.
Stochastic didn’t issue a buy or sell signal.
Volatility Ratio, at 0.513900, shows the possibility of the market price moving closer to PHP289.00 by the next trading day.
Volatility Ratio didn’t issue a buy or sell signal.
QStick, at 0.975000, shows that the buying 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 bottom of the current price, which triggers a BUY signal.
MER shows a bullish sign as the share price moves above the 5-day EMA.
That bullish pattern is being complemented by the 10-day EMA which is positioned below the 5-day EMA.
The volume on June 01, 2015 is 40.26% of the previous trading day.
Total Trade Amount on June 01, 2015: P178,461,131.00
Note: The numbers below are for the ONLINE FOREIGN BROKERS’ DATA unless otherwise explicitly written as “Net Foreign Buying” or “Net Foreign Selling”.
Online Foreign Brokers’ Buy Value: PHP56,917,662.00 or 31.89%
Online Foreign Brokers’ Sell Value: PHP33,050,028.00 or 18.52%
Online Foreign Brokers’ Buy Average: 280.83
Online Foreign Brokers’ Sell Average: 280.77
As of June 01, 2015, 7 out of 11 active online foreign brokers traded MER.
# of Net Buyers Among Online Foreign Brokers: 4 out of 7
ATR bought the biggest number of shares among online foreign brokers amounting to PHP26,733,852.00.
MORGAN sold the biggest number of shares among online foreign brokers amounting to PHP14,112,920.00.
It’s a Net Foreign Buying from May 02, 2015 to May 31, 2015 amounting P683,105,058.00.
REMINDER: This isn’t my detailed analysis for this stock. You won’t 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 notes 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) in the forum that is accessible by premium subscribers only.
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