NICKEL ASIA CORPORATION (NIKL) – 7.03.2015 Stock Analysis

Stock Analysis -


As of July 03, 2015 at 12:46:20 PM GMT+8, NIKL ranged between PHP22.90 and PHP23.35.
NIKL closed at PHP23.05 with a Percentage Change of 0.88% or 0.20 points.
NIKL’s candlestick issued a SELL signal.

Current Price: PHP23.05
Support: PHP22.60
Resistance: PHP24.20

MACD, at -0.38, shows that NIKL’s downward momentum is stronger than its upward momentum.
However, be informed that MACD is trending BELOW the signal line or the 9-day Moving Average, which means the bears are trying to take control if not already in control.
MACD didn’t issue a buy or sell signal.

DMI, at 13.58, shows that the downward movement of NIKL’s price is not yet completely directionally strong. However, bears are trying to take control of the situation.
DMI didn’t issue a buy or sell signal.

RSI, at 41.86, shows that NIKL is trending between (neutral position) the confirmed bearish and bullish zones.
RSI didn’t issue a buy or sell signal.

Stochastic, at 15.33, shows that NIKL is oversold.
Stochastic didn’t issue a buy or sell signal.

Volatility Ratio, at 0.20, may be too low to move closer to PHP24.20 by the next trading day.
Volatility Ratio didn’t issue a buy or sell signal.

QStick, at -0.012000, 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.

NIKL 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.

The volume on July 03, 2015 is 75.86% of the previous trading day.
Total Trade Amount on July 03, 2015: P30,983,415.00

Note: The numbers below are for the ONLINE FOREIGN BROKERS’ DATA unless otherwise explicitly written as “Net Foreign Buying” or “Net Foreign Selling”.
As of July 03, 2015, 4 out of 11 active online foreign brokers traded NIKL.
Online Foreign Brokers’ Buy Value: PHP2,842,060.00 or 9.17%
Online Foreign Brokers’ Sell Value: PHP8,813,270.00 or 28.45%

Online Foreign Brokers’ Buy Average: 23.17
Online Foreign Brokers’ Sell Average: 23.11

# of Net Buyers Among Online Foreign Brokers: 3 out of 4
YAO bought the biggest number of shares among online foreign brokers amounting to PHP2,756,005.00.
CLSA sold the biggest number of shares among online foreign brokers amounting to PHP8,813,270.00.

It’s a Net Foreign Selling from July 1, 2015 to July 2, 2015 amounting to P29,742,210.00.

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, 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.

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.
Jaycee De Guzman

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