ICT Technical Analysis: Monitor Between ₱123 and ₱123.4 Tomorrow?

Intl Container Terminal Services, Inc. (PSE:ICT) is priced at ₱123.8 per share as of 03:30 PM GMT+8 on November 7, 2019. It is up by 0.0808 percent.

The Total Turnover Value is at ₱215,602,239.00. The foreign traders are the main drivers of ICT today.

Intl Container Terminal Services, Inc. (ICT) - Daily Chart EOD - 11.07.2019

Foreign investors registered a Net Foreign Buying worth ₱102,381,463.00. They are net buyers year-to-date.

The immediate support is near ₱115.46, while the immediate resistance is near ₱133.73.

My 10SMACD combo is bullish.

ICT’s risk level is low due to its historical volatility score of 29.18 percent.

Trade-Volume Distribution Analysis

Last Price: ₱123.8
VWAP: ₱123.722327
Dominant Range: ₱123 – ₱123.4

Intl Container Terminal Services, Inc. (ICT) - Trade Volume Distribution EOD - 11.06.2019

The Momentum Power Indicator of ICT is bullish because all 4 of 4 elements are bullish.

The ascent of the price is more than likely to continue since both 10SMACD and Momentum Power Indicator are bullish.

True Market Sentiment – EOD

True Market Sentiment on ICT as of Nov-07-2019 at 03:30PM, with a last price of 123.800.
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 123.6884
Top 10 Players’ Selling Average: 123.7183
Bonus Info:
4 out of 31 participants or 12.90% of all participants registered a 100% BUYING activity
8 out of 31 participants or 25.81% of all participants registered a 100% SELLING activity

Intl Container Terminal Services, Inc. (ICT) - True Market Sentiment EOD - 11.06.2019

True Market Sentiment – WTD

True Market Sentiment on ICT from Nov-04-2019 to Nov-07-2019 at 03:30PM, with a last price of 123.800.
True Market Sentiment: BULLISH
7 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: 123.6770
Top 10 Players’ Selling Average: 123.5302
Bonus Info:
3 out of 48 participants or 6.25% of all participants registered a 100% BUYING activity
8 out of 48 participants or 16.67% of all participants registered a 100% SELLING activity

Intl Container Terminal Services, Inc. (ICT) - True Market Sentiment WTD - 11.06.2019

Recommendations

The True Market Sentiment week-to-date remains bullish despite the bearish rating for today. Overall, our Evergreen Strategy is bullish for ICT; therefore, you have the data-driven reason to top up if you have ICT and if it’s still trading above your trailing stop. Top up within the dominant range I specified above. On the other hand, if you choose not to top up because of today’s bearish True Market Sentiment, I still find that choice logical or data-driven. But if you don’t have much time to monitor day-to-day price-action, I suggest that you look at the True Market Sentiment week-to-date instead of today’s.

Please ask for our latest Trade-Volume Distribution chart in our Private Clients Forum if there’s a significant change in the price and volume of ICT tomorrow morning so we can tell you if the buy signals are still up.

Now, if you don’t have ICT but you’re planning to buy it, you need to calculate your reward-to-risk ratio first by using our Reward-to-Risk Ratio calculator on our website: Resources>Tools. If you’re satisfied with the ratio, you may do a test-buy within the dominant range I wrote above.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

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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