EDC, PXP, ACE – Free Analysis – September 26, 2017

EDC continues its downtrend. The 15 EMA and 20 SMA are now both pointing downwards. Volume is still huge on the red candles. MACD is bearish while RSI is also bearish and is at extremely oversold levels. Do note though that it can stay oversold for extended periods of time. Support is estimated at the low today at 4.98 while resistance is expected at 5.41 followed by 5.72.

EDC - Daily Chart Intraday - September 26, 2017

Price-Volume Distribution

Majority of the volume was recorded at 5.50 intraday. Majority of the trades were recorded at the same level. Current price is at 5.10  This means that 5.50 is a significant level and may act as resistance intraday.

EDC- Price Volume Distribution - Intraday - September 26, 2017

PXP finally corrects today. The moving averages, however, are still bullishly aligned. Volume, however, is already huge given that its only halfway into the trading day. If volume continues to increase, this could officially mark the start of a sell-off. MACD is still bullish while RSI is now pointing downwards. Nearest support level is estimated at 7.78 while resistance is expected at 9.70 followed by 10.00.

 PXP - Daily Chart - Intraday - September 26, 2017

Price-Volume Distribution

Majority of the volume was recorded at 5.70 intraday. Majority of the trades were recorded at 5.80. Current price is at 5.70  This means that 5.800 is a significant level and may act as resistance intraday.

PXP - Price Volume Distribution - Intraday - September 26, 2017

Acesite (Philippines) Hotel Corp (ACE) made a big move today. The 15 EMA is about to do a bullish crossover with the 50 SMA. The 20 SMA is about to do the same. Volume is also explosive. MACD is bullish while RSI is bullish but has hit overbought territory. Support is estimated at 2.10 while resistance is expected at 2.20.

ACE - Daily Chart Intraday - September 26, 2017

Price-Volume Distribution

Majority of the volume was recorded at 2.10 intraday. Majority of the trades were recorded at the same level. Current price is at 2.13  This means that 2.10 is a significant level and may act as support intraday.

ACE - Price Volume Distribution - Intraday - September 26, 2017

This intraday analysis is the free version of our premium Daily Stock Analysis service.  Our premium analysis has these components:

  1. Technical Analysis
  2. Fundamental Analysis
  3. Volume Analysis
  4. Foreign Fund Flow Analysis
  5. Online Foreign Brokers Transaction Analysis
  6. Top 10 Players Analysis
  7. Price-Volume Distribution Analysis
  8. Risk Level Analysis
  9. Analyst’s Overall Sentiment

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