SUN Technical Analysis: Lock-in Profits Now or Continue Adjusting the Trailing Stop?

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Suntrust Home Developers, Inc. (PSE:SUN) is priced at ₱1.25 per share, up by 5.04 percent, as of 12:00 PM GMT+8 on October 25, 2019.

The Total Turnover Value is at ₱75,830,600.00. The local traders are the main drivers of SUN today.

Foreign investors registered a Net Foreign Buying worth ₱42,911,600.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱1.05, while the psychological immediate resistance is near ₱1.74.

Suntrust Home Developers, Inc (SUN) - Daily Chart Intraday - 10.25.2019

My 10SMA-MACD combo is bullish.

SUN’s risk level is extremely high due to its historical volatility score of 156.44 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: 1.25
VWAP: 1.22077
Most Traded: 1.24 – 1.23
Most Voluminous: 1.24 – 1.23

Suntrust Home Developers, Inc (SUN) - Trade Volume Distribution Intraday - 10.25.2019

The Momentum Power Indicator of SUN 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 Analysis Intraday

True Market Sentiment on SUN as of Oct-25-2019 at 01:00PM, with a last price of 1.2500.
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 1.2172
Top 10 Players’ Selling Average: 1.2280
Bonus Info:
12 out of 56 participants or 21.43% of all participants registered a 100% BUYING activity
9 out of 56 participants or 16.07% of all participants registered a 100% SELLING activity

Suntrust Home Developers, Inc (SUN) - True Market Sentiment Intraday - 10.25.2019

True Market Sentiment Analysis MTD

True Market Sentiment on SUN from Oct-01-2019 to Oct-25-2019 at 01:01PM, with a last price of01.2500.
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 1.2195
Top 10 Players’ Selling Average: 1.2322
Bonus Info:
3 out of 91 participants or 3.30% of all participants registered a 100% BUYING activity
14 out of 91 participants or 15.38% of all participants registered a 100% SELLING activity

Suntrust Home Developers, Inc (SUN) - True Market Sentiment MTD - 10.25.2019

As far as my Evergreen Strategy is concerned, it’s a confirmed buy signal if the 10SMA-MACD and the Momentum Power Indicator are both bullish. The opposite is true if the 10SMA-MACD and Momentum Power Indicator are both bullish.

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.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

Do you have SUN and your trailing stop has not been hit yet? Here’s my advice. Given the bearish rating from the True Market Sentiment Intraday chart and the neutral rating from the True Market Sentiment MTD chart, I suggest that you hold your position and don’t top up yet if you currently have SUN and if your trailing stop has not been hit yet.

If you’re wondering why my recommendation for those who have SUN is in a risk-averse tone despite the bullish 10SMACD and Momentum Power Indicator, it’s best of the inorganic ascent of its price and the extremely high risk level.

If you don’t have SUN and you’re still in the planning stage on whether you should enter a new position on SUN or not, I suggest that you wait for the price to stabilize above ₱1.30 with a bullish 10SMACD and Momentum Power Indicator. It’s much better if it’ll show a bullish True Market Sentiment (intraday) once it maintains its stance above ₱1.30.

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 allows us to alert of 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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