ISM Communications Corporation (PSE:ISM) went back to the November 6, 2018 breakout point at ₱3.63. It's on the brink of breaking below that level. Did it find the support level or it's more than likely to test the support at ₱2.32? Read our latest technical analysis on ISM to learn more.
Jaycee De Guzman
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ISM Communications Corporation (PSE:ISM) closed at ₱3.63 per share as of 03:30 PM GMT+8 on December 10, 2019. It went down by 12.53 percent.

The Total Turnover Value was at ₱37,543,320.00. The local traders were the main drivers of ISM today.

Foreign investors registered a Net Foreign Selling worth ₱155,500.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱3.63, while the immediate resistance is near ₱4.50.

My 10SMACD combo is bearish.

ISM’s risk level is high due to its historical volatility score of 91.67 percent.

 

Trade-Volume Distribution Analysis

Last Price: ₱ 3.63
VWAP: ₱3.82138
Dominant Range: ₱3.75 – ₱4

The Momentum Power Indicator of ISM is bearish because all 4 elements are bearish.

True Market Sentiment – EOD

True Market Sentiment on ISM as of Dec-10-2019 at 03:30PM, with a last price of ₱3.630
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱3.8407
Top 10 Players’ Selling Average: ₱3.8249
Bonus Info:
18 out of 48 participants or 37.50% of all participants registered a 100% BUYING activity
4 out of 48 participants or 8.33% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on ISM from Dec-09-2019 to Dec-10-2019 at 03:30PM, with a last price of ₱3.630
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱3.9836
Top 10 Players’ Selling Average: ₱3.9060
Bonus Info:
17 out of 55 participants or 30.91% of all participants registered a 100% BUYING activity
9 out of 55 participants or 16.36% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on ISM from Dec-02-2019 to Dec-10-2019 at 03:30PM, with a last price of ₱03.630
True Market Sentiment: NEUTRAL
5 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: ₱3.9948
Top 10 Players’ Selling Average: ₱3.9453
Bonus Info:
27 out of 80 participants or 33.75% of all participants registered a 100% BUYING activity
15 out of 80 participants or 18.75% of all participants registered a 100% SELLING activity

Recommendations

Do you have ISM in your portfolio already?

ISM is on the brink of breaking below its immediate support. Due to the lack of a confirmed buy signal, it’s more than likely for the price to break below the support. None of you should have ISM by now just by looking at how it has been playing since July 2019. Topping up is not recommended.

The neutral True Market Sentiments for the three timeframes is a sign of an indecision, which could lead to breaking below the immediate support.

You don’t have ISM yet but are you planning to enter a new position?

Don’t enter a new position yet. There’s zero buy signal. Besides, this is a high-risk stock already based on its historical volatility score. It’s all the more that you should not take the risk if you are a newbie trader. I would only recommend a test-buy once the 10SMACD and Momentum Power Indicator are bullish. For now, you need to check other stocks that have better upside potential.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you need to.

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