First Gen Corporation (PSE:FGEN) is clearly bearish in both short term and medium term. Support is estimated at 21.50. The volume profile is sluggish and is increasing during the downward move. RSI is now pointing upwards and is seemed to have reached oversold levels. MACD still appears bearish. The 15 EMA, 20 SMA, and 50 SMA are all acting as the resistance for the stock.
As of February 23, 2017, at 03:30PM, the volume is 368.53% of the previous trading day.
Online Foreign Brokers
From January 13, 2017 to February 23, 2017, 9 out of 11 active online foreign brokers traded FGEN.
Online foreign brokers’ Buy Average: PHP22.29
Online foreign brokers’ Sell Average: PHP22.28
Number of net buyers among the participating online foreign brokers: 2 out of 9
DEUTSCHE bought the biggest number of shares among online foreign brokers amounting to PHP104,383,375.00.
DEUTSCHE sold the biggest number of shares among online foreign brokers amounting to PHP108,723,320.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Jan-13-2017 to Feb-23-2017 at 03:30PM:
12 out of 81 participants or 14.81% of all participants registered a 100% BUYING activity
9 out of 81 participants or 11.11% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 24.8481
Top 10 Players’ Selling Average: 22.2986
Foreign Fund Flow
On a 30-day trading period, FGEN is on a Net Foreign Buying worth PHP50,131,289.00.
FGEN is a low-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.
Do you find this analysis helpful? Please let us know your thoughts by commenting below. It might seem insignificant, but it helps more than what you might think.