CNPF Stock Analysis: Is This Stock Buyable Since Our 10SMACD Is Bullish?

Century Pacific Food, Inc. (PSE:CNPF) is priced at ₱15.22 per share as of 03:30 PM GMT+8 on November 28, 2019. It is down by 1.04 percent.

The Total Turnover Value is at ₱601,568.00. The local traders are the main drivers of CNPF today.

Foreign investors registered a Net Foreign Buying worth ₱393,856.00. They are net buyers year-to-date.

The immediate support is near ₱14.86, while the immediate resistance is near ₱15.50.

My 10SMACD combo is bullish.

CNPF’s risk level is low due to its historical volatility score of 13.48 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 15.22
VWAP: ₱15.22957
Dominant Range: ₱15.24 – ₱15.38

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

CNPF might not be able to sustain its ascent near the resistance because the 10SMACD and the Momentum Power Indicator are not yet bullish.

True Market Sentiment – EOD

True Market Sentiment on CNPF as of Nov-28-2019 at 03:30PM, with a last price of ₱15.220
True Market Sentiment: NEUTRAL
4 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: ₱15.2575
Top 10 Players’ Selling Average: ₱15.2558
Bonus Info:
4 out of 9 participants or 44.44% of all participants registered a 100% BUYING activity
1 out of 9 participants or 11.11% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on CNPF from Nov-25-2019 to Nov-28-2019 at 03:30PM, with a last price of ₱15.220
True Market Sentiment: BULLISH
6 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: ₱15.2102
Top 10 Players’ Selling Average: ₱15.2285
Bonus Info:
6 out of 19 participants or 31.58% of all participants registered a 100% BUYING activity
6 out of 19 participants or 31.58% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on CNPF from Nov-04-2019 to Nov-28-2019 at 03:30PM, with a last price of ₱15.220
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱15.1349
Top 10 Players’ Selling Average: ₱15.1406
Bonus Info:
6 out of 42 participants or 14.29% of all participants registered a 100% BUYING activity
12 out of 42 participants or 28.57% of all participants registered a 100% SELLING activity

Recommendations

Do you have CNPF in your portfolio already?

If your trailing stop is still intact, I don’t see a reason for you to panic since today’s volume is less than the 50 percent of CNPF’s 10-day volume average. Just hold your position, but do not average down or top up yet. The status of the EOD and MTD True Market Sentiment of CNPF across the three timeframes does not help in forming a bullish conviction for this stock. If you’re one of our subscribers, please post a request for our latest analysis of CNPF in our Private Clients Forum when you see a significant change in the price or volume of this stock.

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

Don’t rush. Wait patiently for for both 10SMACD and Momentum Power Indicator to become bullish before doing a test-buy. You need to compute your reward-to-risk ratio once that happens. If you are happy with it, then, you can do a test-buy within the dominant range of the Trade and Volume Distribution.

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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