Bank of the Philippine Islands (PSE:BPI) is priced at ₱85.95 per share as of 03:30 PM GMT+8 on November 29, 2019. It is down by 2.33 percent.

The Total Turnover Value is at ₱228,536,550.00. The foreign traders are the main drivers of BPI today.

Foreign investors registered a Net Foreign Selling worth ₱99,298,099.00. They are net sellers year-to-date.

The immediate support is near ₱78.16, while the immediate resistance is near ₱86.60 as a precursor to ₱94.48.

My 10SMACD combo is bearish.

BPI’s risk level is low due to its historical volatility score of 26.89 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 85.95
VWAP: ₱86.50855
Dominant Range: ₱85.95 – ₱86.6

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

True Market Sentiment – EOD

True Market Sentiment on BPI as of Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
7 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: ₱86.4571
Top 10 Players’ Selling Average: ₱86.7564
Bonus Info:
33 out of 58 participants or 56.90% of all participants registered a 100% BUYING activity
4 out of 58 participants or 6.90% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on BPI from Nov-25-2019 to Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
3 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱88.0659
Top 10 Players’ Selling Average: ₱87.7585
Bonus Info:
39 out of 87 participants or 44.83% of all participants registered a 100% BUYING activity
0 out of 87 participants or 0.00% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on BPI from Nov-04-2019 to Nov-29-2019 at 03:30PM, with a last price of ₱85.950
True Market Sentiment: NEUTRAL
3 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱92.5035
Top 10 Players’ Selling Average: ₱91.8254
Bonus Info:
15 out of 98 participants or 15.31% of all participants registered a 100% BUYING activity
5 out of 98 participants or 5.10% of all participants registered a 100% SELLING activity

Recommendations

Do you have BPI in your portfolio already?

BPI just broke below its previous support at ₱78.16, which is now acting as its immediate resistance. The bearish momentum intensifies based on my reading on the DMI chart. There’s zero formation of a bullish convergence between the +DMI and -DMI. ADX is strong on the downside at 30; therefore, we might not see the price reversing upward any time soon. There’s zero formation of a bullish convergence between the MACD and signal lines, too. Foreign investors have been on a daily Net Foreign Selling status for 10 consecutive trading days. If you think that’s a sign of recovery, you need to see your eye doctor immediately.

Since BPI hit ₱100.50 last October 25, 2019, it has gone down the hill. If you got a 10 percent maximum percentage of risk tolerance for your trailing stop, you should have already exited last week. Based on my analysis, you’re better off not having a position on BPI for now. Ask yourself if holding BPI until now is still within your percentage of risk tolerance. Use my trailing stop calculator.

You don’t have BPI yet but are you planning to enter a new position?

The waiting game has started. You should be patient and wait for the right time where both 10SMACD and Momentum Power Indicator become bullish. Consider subscribing to us so you can ask us for our latest analysis and recommendation any time in our Private Clients Forum.

📌 ONLINE STOCK MARKET COURSE 
✅ Lesson 1: how to find the stocks that you should add in your watchlist
✅ Lesson 2: how to check if the current trend is more than likely to continue
✅ Lesson 3: how to know the true market sentiment
✅ Lesson 4: how to identify a confirmed buy signal
✅ Lesson 5: how to identify the best price range to trade
✅ Lesson 6: how to sell more logically and less emotionally

📌 SUBSCRIPTION SERVICE
✅ You get a video with 10 trade ideas by the end of each trading day.
✅ You can access our investment guide for long-term investing.
✅ You can ask us any question in our Private Clients Forum.
✅ You can ask us to check your analysis, based on what you’ve learned from us, in our Study Room.
✅ Earn a 20% commission from every successful referral through our Learn-and-Earn Affiliate Program
✅ You get a free account with First Metro Securities and a 2-month free access to FirstMetroSec PRO.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.