LMG Chemicals Corp (LMG) Analysis – February 15, 2017

LMG Chemicals Corp (PSE:LMG) has finally broken out of the descending triangle after a huge volume was recorded yesterday, February 14. The stock has been consolidating for the past two weeks and has now moved higher. As of writing, the stock has already hit its ceiling price for the day of 5.86 but has retracted some of its gains. Volume is already at 9 million shares, short of 200,000 to beat the previous volume’s high at 9.2 million.

MACD is still pointing higher and has made a bullish crossover. RSI is at 78.99 and is at oversold levels but is also natural given a trending stock. LMG has made a new 5-year high when it breached 5.18. Next resistance is at 6.73. Support is estimated at around 4.90.

LMG - Daily Chart - February 15, 2017

Volume

As of February 13, 2017, at 03:30PM, the volume is 91.94% of the previous trading day.

LMG - LMG Chemicals Corp - Volume - February 13, 2017

Online Foreign Brokers

From February 3, 2017 to February 13, 2017, 3 out of 11 active online foreign brokers traded LMG.
Online foreign brokers’ Buy Average: PHP4.03
Online foreign brokers’ Sell Average: PHP4.34
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 PHP2,637,600.00.
HDI sold the biggest number of shares among online foreign brokers amounting to PHP5,109,370.00.

LMG - LMG Chemicals Corp - Online Foreign Brokers' Transactions - February 13, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Feb-03-2017 to Feb-13-2017 at 03:30PM:

5 out of 78 participants or 6.41% of all participants registered a 100% BUYING activity
11 out of 78 participants or 14.10% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 4.6425
Top 10 Players’ Selling Average: 4.1426

LMG - LMG Chemicals Corp - Top 10 Players Sentiment - February 13, 2017

Foreign Fund Flow

On a 30-day trading period, LMG is on a Net Foreign Buying worth PHP25,241.00.

LMG - LMG Chemicals Corp - Foreign Fund Flow - February 13, 2017

Risk Level

LMG is an extremely high-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.

LMG - LMG Chemicals Corp - Risk Level - February 13, 2017

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.

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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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