JFC Technical Analysis: What Should You Look for Before Buying JFC?

Jollibee Foods Corporation (JFC) is currently trading at 219.40 per share, down by 0.27 percent, as of 2:05PM GMT+8 on October 2, 2019. The total turnover value is at P72 million.

Jollibee Foods Corporation - Daily Chart 1 - 10.2.2019

Foreign investors are the main traders of JFC today. They have registered a Net Foreign Buying worth P19 million. They closed last week in a Net Foreign Buying mode. Let’s see this week if they will continue their NFB status.

My 10SMACD combo is still invalid since the last price is still moving below the 10SMA.

The previous support at 220 was broken, and it’s now acting as the immediate resistance. The acting support is now at 200.

The risk level of JFC remains low due to its historical volatility score of 11.50 percent.

Trade-Volume Distribution

Last Price: 218.60
VWAP: 219.8207893
Most Traded: 220 – 219.8
Most Voluminous: 220.6 – 220

Jollibee Foods Corporation - Trade-Volume Distribution 1 - 10.2.2019

The last price is moving below the VWAP. The dominant range is closer to the intraday low than the intraday high. All-in-all, that makes a bearish Momentum Power Indicator. This means the descent in price is more likely to continue.

True Market Sentiment

True Market Sentiment of JFC as of Oct-02-2019 at 02:00PM, with a last price of 218.600.
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
True Market Sentiment: BEARISH
Top 10 Players’ Buying Average: 117.2389
Top 10 Players’ Selling Average: 116.7932
Bonus Info:
22 out of 47 participants or 46.81% of all participants registered a 100% BUYING activity
4 out of 47 participants or 8.51% of all participants registered a 100% SELLING activity

Jollibee Foods Corporation - True Market Sentiment 1 - 10.2.2019

This bearish True Market Sentiment means that most of the top 10 brokers lack the appetite to buy the dips by a significant level.

Recommendations

If you have JFC…

If you have JFC, you must have entered prematurely or you are not using a trailing stop. I suggest that you check if your average price is still trading above your tolerable risk. If it’s not, I suggest that you sell on strength. Do not average down because there’s nothing worthy to average down at this moment, technically speaking.

If you do not have JFC…

If you do not have JFC and you’re tempted to enter a new position, I recommend that you postpone that plan until the 10SMACD combo becomes valid and the Momentum Power Indicator becomes bullish. Remember what I taught you during the Evergreen Strategy stock market seminar. Review your handouts.

Whether you have JFC or not, please take advantage of your access to our Private Clients Forum if you’re an Equilyst Analytics subscriber. Ask for our latest analysis of JFC in our forum.

About the Author
Jaycee De Guzman is an online business strategist, an equity analyst, an entrepreneur, and a computer scientist by profession. Visit his website at www.jayceedeguzman.com.

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