METROPOLITAN BANK & TRUST COM. (MBT) – 2.11.2015 Technical Analysis

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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 would recommend you to do your own analysis if you’d like to confirm the information that is presented in this article. This is not financial advice. Whether you decide to buy, hold, or sell the stock that’s being reviewed, it’s all up to you. Trade at your own risk.

IMPORTANT: This is a sneak-preview of my technical analysis only. The detailed analysis with my recommended action is available to the Stock Signals Program subscribers only. But if you know how to connect the dots in this report, you can come up with your own action plan. Consider this report as ingredients made available for you. You may either cook your own food or subscribe to my program so I can cook our food together and teach you how to cook your own, little by little, as well. My success in this program is not seen by the number of subscribers I have, but by the number of traders and investors who can justify their actions in trading and investing because I’ve given them the reasons behind every recommended action instead of just spoon-feeding them with what action to take.

You may want to read these two articles after reading this report.

Stock Signals Program: What’s Inside the Top Stock Picks Page?
Why a Buy Below Price Is Not Enough


METROPOLITAN BANK & TRUST COM. (MBT) - 2.11.2015 Technical Analysis

As of February 11, 2015 at 01:55:19 PM GMT+8, MBT has ranged between PHP92.50 and PHP94.10.
MBT is at PHP92.95 with a Percentage Change of -1.12% or -1.05 points.
MBT’s candlestick issued a SELL signal.

Current Price: PHP92.95
Support: PHP92.25
Resistance: PHP93.85

Total Trade Amount: PHP118,901,722.00
Foreign Brokers’ Buy Value: PHP46,662,107.00 or 39.24%
Foreign Brokers’ Sell Value: PHP103,987,768.00 or 87.46%

METROPOLITAN BANK & TRUST COM. (MBT) - 2.11.2015 Technical Analysis

MACD, at 2.009000, shows that MBT’s upward momentum is stronger than its downward 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 35.19, shows that the upward movement of MBT’s price is directionally strong. Bulls are in complete control.
DMI didn’t issue a buy or sell signal.

RSI, at 54.28, shows that MBT is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.

Stochastic, at 47.62, shows that MBT is neither oversold nor overbought.
Stochastic didn’t issue a buy or sell signal.

Volatility Ratio, at 0.421000, may be too low for a possible breakout at PHP93.85.
Volatility Ratio didn’t issue a buy or sell signal.

QStick, at -0.325000, 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.

MBT shows a bearish sign as the share price moves below the 5-day EMA.
That bearish pattern is being complemented by the 10-day EMA which is positioned above the 5-day EMA.

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Jaycee De Guzman

Jaycee Silverio de Guzman is a computer scientist by profession. He is the founder and CEO of iPresence Digital Marketing, Inc. and Equilyst Analytics, Inc. He is a husband and a father.
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