ALCO Stock Analysis: What Should You Do if You Already Have This Stock?

Arthaland Corporation (PSE:ALCO) is priced at ₱0.84 per share as of 03:30 PM GMT+8 on November 27, 2019. It is down by 2.33 percent.

The Total Turnover Value is at ₱709,650.00. The local traders are the main drivers of ALCO today.

Foreign investors registered a Net Foreign Selling worth ₱0.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱0.83, while the immediate resistance is near ₱0.97.

My 10SMACD combo is bearish.

ALCO’s risk level is moderate due to its historical volatility score of 55.14 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 0.84
VWAP: ₱0.84482
Dominant Range: ₱0.84 – ₱0.85

The Momentum Power Indicator of ALCO is bearish because all of 4 elements are bearish.

It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet bullish.

True Market Sentiment – EOD

True Market Sentiment on ALCO as of Nov-27-2019 at 03:30PM, with a last price of ₱0.840
True Market Sentiment: BULLISH
8 of the top 10 brokers registered a positive Net Amount
9 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.8443
Top 10 Players’ Selling Average: ₱0.8517
Bonus Info:
9 out of 12 participants or 75.00% of all participants registered a 100% BUYING activity
2 out of 12 participants or 16.67% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on ALCO from Nov-25-2019 to Nov-27-2019 at 03:30PM, with a last price of ₱0.840
True Market Sentiment: BULLISH
8 of the top 10 brokers registered a positive Net Amount
9 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.8391
Top 10 Players’ Selling Average: ₱0.8393
Bonus Info:
13 out of 24 participants or 54.17% of all participants registered a 100% BUYING activity
4 out of 24 participants or 16.67% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on ALCO from Nov-04-2019 to Nov-27-2019 at 03:30PM, with a last price of ₱0.840
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.8881
Top 10 Players’ Selling Average: ₱0.9057
Bonus Info:
7 out of 56 participants or 12.50% of all participants registered a 100% BUYING activity
9 out of 56 participants or 16.07% of all participants registered a 100% SELLING activity

Recommendations

Do you have ALCO in your portfolio already?

You may hold your position if your trailing stop is still intact. I see no need for you to pre-empt your trailing stop or reduce the percentage of risk in your trailing stop because today’s volume is below the 50 percent of ALCO’s 10-day volume average. There’s no alarming reason to panic. Do not top up yet.

The overall sentiment is still in favor of the bears based on what I see on the True Market Sentiment for various timeframes.  Also, I still do not see a formation of a bullish convergence between the +DMI and the -DMI.

You don’t have ALCO but are you planning to do a test-buy?

It’s best that you wait for both the 10SMACD and Momentum Power Indicator to become bullish before you do a test-buy within the dominant range. f you’re one of our subscribers, you can post a request of our latest analysis and recommendation on ALCO (or any stock) in our Private Clients Forum.

Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.

Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.

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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