Ionics Inc. (ION) Analysis – January 20, 2017

Ionics, Inc. (PSE:ION) has rallied today after finding support near its 20 -day SMA. Its 15-day EMA and 20-day SMA are about to cross the 50-day SMA as a confirmation of bullishness.

The resistance is its previous high and is also at the 100-day SMA of 1.94. The recent bounce is also located at the stock’s 50 percent Fibonacci line.

Volume was thinning out when the price was going down. ION’s volume has spiked now that the price has rallied. If ION is able to push above 1.94, the next possible resistance would be near 2.15.

IONICS INC (ION) - Chart - January 20, 2017

Volume

As of January 20, 2017, at 03:30PM, the volume is 326.34% of the previous trading day.

ION - Ionics - Volume - January 20, 2017

Online Foreign Brokers

From January 3, 2017 to January 20, 2017, 3 out of 11 active online foreign brokers traded ION.
Online foreign brokers’ Buy Average: PHP1.76
Online foreign brokers’ Sell Average: PHP1.77
Number of net buyers among the participating online foreign brokers: 1 out of 3
HDI bought the biggest number of shares among online foreign brokers amounting to PHP355,630.00.
HDI sold the biggest number of shares among online foreign brokers amounting to PHP369,130.00.

ION - Ionics - Online Foreign Brokers' Transactions - January 20, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-03-2017 to Jan-20-2017 at 03:30PM:

10 out of 55 participants or 18.18% of all participants registered a 100% BUYING activity
6 out of 55 participants or 10.91% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.7699
Top 10 Players’ Selling Average: 1.7911

ION - Ionics - Top 10 Players' Sentiment - January 20, 2017

Foreign Fund Flow

On a 30-day trading period, ION is on a Net Foreign Buying worth PHP478,310.00.

ION - Ionics - Foreign Fund Flow - January 20, 2017

Risk Level

ION is a moderate-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.

ION - Ionics - Risk Level - January 20, 2017

Do you find this analysis helpful? Please let us know your thoughts by commenting below.

About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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