Manila Water Corporation (PSE:MWC) is currently consolidating inside a very small range. The upper limit is at 30.76 while the lower limit is at 29.32. Those will also be the defined support and resistance levels. It seems that the 15 EMA and 20 SMA are holding on as the support. Volume is relatively thin, which is a sign of consolidation. Some noticeable green volume spikes are also noted suggesting a possible accumulation. RSI and MACD are both neutral in nature.
MWC is only trading at 11.63x annualized 2016 P/E, making it slightly undervalued compared to PSEi’s 19x P/E. MWC is also trading at only 1.47x Price to Book value.
As of February 23, 2017, at 03:30PM, the volume is 218.29% of the previous trading day.
Online Foreign Brokers
From January 13, 2017 to February 23, 2017, 9 out of 11 active online foreign brokers traded MWC.
Online foreign brokers’ Buy Average: PHP30.25
Online foreign brokers’ Sell Average: PHP30.18
Number of net buyers among the participating online foreign brokers: 6 out of 9
CLSA bought the biggest number of shares among online foreign brokers amounting to PHP178,642,370.00.
MORGAN sold the biggest number of shares among online foreign brokers amounting to PHP127,931,955.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Jan-13-2017 to Feb-23-2017 at 03:30PM:
9 out of 65 participants or 13.85% of all participants registered a 100% BUYING activity
11 out of 65 participants or 16.92% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 33.5605
Top 10 Players’ Selling Average: 30.2531
Foreign Fund Flow
On a 30-day trading period, MWC is on a Net Foreign Selling worth PHP533,690,270.00.
MWC 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.
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