Ionics, Inc. (ION) – Analysis – March 9, 2017

Ionics, Inc. (PSE:ION) is still on a downtrend as evidenced by a descending triangle with the support at 1.63. If 1.63 is broken, then 1.60 will be next. The 15 EMA, 20 SMA, and 50 SMA are all acting as the support. Resistance is estimated at the upper trend line. The volume has been thinning lately. The RSI appears neutral while the MACD appears bearish.

ION - Daily Chart - March 9, 2017

Volume

As of March 8, 2017, at 03:30PM, the volume is 12.60% of the previous trading day.

ION - Ionics Inc - Volume - March 9, 2017

Online Foreign Brokers

From January 26, 2017 to March 9, 2017, 3 out of 11 active online foreign brokers traded ION.
Online foreign brokers’ Buy Average: PHP1.83
Online foreign brokers’ Sell Average: PHP1.77
Number of net buyers among the participating online foreign brokers: 2 out of 3
ATR bought the biggest number of shares among online foreign brokers amounting to PHP237,330.00.
MACQUARIE sold the biggest number of shares among online foreign brokers amounting to PHP834,770.00.

ION - Ionics Inc - Online Foreign Brokers Transactions - March 9, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-26-2017 to Mar-09-2017 at 03:30PM:

8 out of 50 participants or 16.00% of all participants registered a 100% BUYING activity
7 out of 50 participants or 14.00% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 1.9710
Top 10 Players’ Selling Average: 1.7719

ION - Ionics Inc - Top 10 Players Sentiment - March 9, 2017

Foreign Fund Flow

On a 30-day trading period, ION is on a Net Foreign Selling worth PHP1,305,830.00.

ION - Ionics Inc - Foreign Fund Flow - March 9, 2017

Risk Level

IONĀ 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.

ION - Ionics Inc - Risk Level - March 9, 2017

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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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