skip to Main Content

JFC – Jollibee Foods Corporation – Technical Analysis – November 18, 2016

Stock Signals Philippines
Follow Us

Stock Signals Philippines

We guide Filipino stock traders and investors on how to plan their trades INDEPENDENTLY and how to execute them PROFITABLY.
Stock Signals Philippines
Follow Us

Jollibee Foods Corporation (PSE:JFC) tries to stay above the 138.20 percent Fibonacci extension, which is near 208-apiece. If and when JFC breaks out below the support near 208, the next support waits near 200, which is the 161.80 percent Fibonacci extension.

JFC needs to rebound and break out above the 61.80 percent Fibonacci retracement in order to put the price above the 200-day Simple Moving Average (SMA) again. Some long-term investors prefer to trade stocks that are priced above their 200-day SMA. Other investors prefer to enter a new position on a resilient stock that has just broken below its 200-day SMA.

JFC is not totally in a bearish territory as far as the alignment of the shorter-term and longer-term SMAs is concerned. If and when JFC’s price breaks below the support near 200-apiece (possibly all the way to 194-apiece), that might place this stock in a confirmed bearish territory as far as SMAs’ alignment is concerned.

MACD does not show any sign of a potential reversal. I still see a bearish convergence. That means MACD’s line is still below the signal line and they’re both moving in the same direction. You call it a divergence when they move in an opposite direction.

Although the RSI score is still above 20 percent, it’s nearer to the confirmed bearish territory than the opposite. Proper caution is advised when entering a new position in this stock, especially if you’re yet to enter a new position.

On the positive side, nearly 30 percent of the brokers who have traded JFC from November 2 to 18 have a 100 percent buying stance on this stock. Nonetheless, that statistics should not blind you and disregard the other statistics. Consider the size of the position of those confident buyers, too. Did they acquire a position bigger than the confident sellers? Check out my charts below and you’ll find the answer.

JFC - Jollibee Foods Corporation - Chart - November 18, 2016

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-18-2016 at 03:30PM:

  • 27 out of 91 participants or 29.67% of all participants registered a 100% BUYING activity
  • 2 out of 91 participants or 2.20% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 223.3297
  • Top 10 Players’ Selling Average: 223.7669

JFC - Jollibee Foods Corporation - Top 10 Players - November 18, 2016

Online Foreign Brokers’ Transactions

From November 2, 2016 to November 18, 2016, 10 out of 11 active online foreign brokers traded JFC.Online foreign brokers’ Buy Average: PHP220.65

  • Online foreign brokers’ Buy Average: PHP220.65
  • Online foreign brokers’ Sell Average: PHP221.70
  • Number of net buyers among the participating online foreign brokers: 3 out of 10
  • CLSA bought the biggest number of shares among online foreign brokers amounting to PHP343,972,422.00.
  • CLSA sold the biggest number of shares among online foreign brokers amounting to PHP574,781,808.00.

JFC - Jollibee Foods Corporation - Foreign Brokers - November 18, 2016

Foreign Fund Flow

On a 30-day trading period, JFC is on a Net Foreign Selling worth PHP1,103,350,994.00.

JFC - Jollibee Foods Corporation - Foreign Fund Flow - November 18, 2016

Risk Level

JFC has a moderate risk level based on my proprietary risk level indicator.

JFC - Jollibee Foods Corporation - Volatility - November 18, 2016

Volume

Volume spikes are noticeable in the past 4 trading days.

JFC - Jollibee Foods Corporation - Volume - November 18, 2016

Conclusion

What is your style in buying stocks? Do you buy when everyone’s busy selling? Do you wait for the selling momentum to settle down before you consider to enter a new position? Do you enter a new position once the stock breaks above the immediate resistance?

I advise that you identify your trading style first. Once you’ve identified yours, you can use the information I’ve written above as your reference for your decision. I think it’s not difficult to understand if the investors this November 2016 are bearish or bullish by simply looking at the colors of the bars and numbers and by reading my textual assessment. Whatever your style is, setting up your trailing stop-loss price should not be forgotten.

This is how we want to help you in the Stock Signals. We will inform you about what’s happening with the stock, but we will not deliberately and prematurely influence your decision by throwing highly suggestive words. We will lay down the positive and negative facts about the stock, but we will not insinuate a decision that is not aligned with your personal investment goals, investment horizon, and risk appetite.

I strongly believe that all analysts should be neutral with their choice of words because just by a slight hint of bullishness or bearishness in our personal judgment, most people will follow suit and disregard their personal investment goals, investment horizon, and risk appetite. Our goal is to train you in the Stock Signals on how you can digest these pieces of information and be able to make a sound and intelligent decision for yourself.

If you have questions, feel free to comment below. Sign-up in our free newsletters so we can inform you once we go live with our all-new services.

Leave a Reply

Member Login

Forgot Password?

Join Us!

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.

Back To Top