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.
MEGAWORLD CORPORATION (MEG) Stats
Current Share Price: PHP4.90
Volatility Ratio: 0.34
QStick Indicator: 0.0475
On October 3, 2014, MEG ranged between PHP4.84 to PHP5.00. It closed at PHP4.90, which was 1.45% higher than the closing price on October 2, 2014.
MEG remains bullish MACD-wise. MACD is above the zero line and the signal line.
MEG’s bulls are directionally stronger than bears as seen on its DMI.
Although MACD shows that MEG is already bullish, RSI shows that MEG has not stepped into the confirmed bullish zone with its current RSI score of 62.06.
MEG is neither oversold nor overbought with its current Stochastic score.
MEG’s volatility ratio gives no clue for a breakout on Tuesday. However, remember that MEG’s volatility ratio last Thursday was even lower but it still broke Thursday’s closing price.
QStick shows that the buying force remains stronger than the selling force for the past 8 trading days.
Note that 18 out of 45 brokers recorded a positive Net Trade on MEG yesterday. Out of 18, 12 went all-in. On the other hand, 10 out of 27 brokers with a negative Net Trade went all-out on MEG. Will bulls continue to run on Tuesday? If so, do you already know the best price where you should enter a new position or buy more shares?
Would you like to know if and when is it safe to buy, hold, and sell MEG (price and time)?
Would you like me to do a one-time technical analysis for MEG?
Would you like an access to my Top Stock Picks?
Then, you need to join my 150+ happy customers in my Stock Signals Program!
Sign-up and become a premium member of my Stock Signals Program so I can personally guide you in your stock trading and investing. There are 3 packages you can choose from. Click the link below for more information about my Stock Signals Program.
Yes Jaycee, Help Me in My Stock Trading and Investing.
I’d Like to Join the 150+ Premium Members of Your Stock Signals Program.
Latest posts by Jaycee De Guzman (see all)
- MPI Technical Analysis: Is 5.10 Too Strong to Break? - August 21, 2019
- Kepwealth Property Phils. (KPPI) Technical Analysis: Does It Still Have Gas to Break 11.20 Today? - August 20, 2019
- Kepwealth (KPPI) Technical Analysis: Can Strike Above 8.50 Tomorrow? - August 19, 2019