Petron Corporation (PSE:PCOR) has bee relatively strong for the past 5 days. It appears that the stock may have bottomed as it marked a higher high on a short-term basis. The bias is in seeing the stock register a higher low preferable at the 15 EMA and 20 SMA at 8.90. The 15 EMA has already made a bullish crossover versus the 20 SMA. The 50 SMA may act as the resistance. The volume has been erratic so far but it still looks good. The MACD is bullish while the RSI is currently neutral and not overbought. Support is estimated at 9.02 while the resistance is expected at 9.25.
PCOR has a net profit margin of 3 percent, and an EPS of 0.53 for the 9-month ended September 30, 2016. The annualized 2016 P/E is at 17.12 which makes PCOR slightly undervalued versus PSEi.
As of March 20, 2017, at 03:30PM, the volume is 143.84% of the previous trading day.
Online Foreign Brokers
From February 7, 2017 to March 20, 2017, 10 out of 11 active online foreign brokers traded PCOR. Online foreign brokers’ Buy Average: PHP8.97 Online foreign brokers’ Sell Average: PHP8.98 Number of net buyers among the participating online foreign brokers: 4 out of 10 ATR bought the biggest number of shares among online foreign brokers amounting to PHP194,823,048.00. ATR sold the biggest number of shares among online foreign brokers amounting to PHP184,090,862.00.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Feb-07-2017 to Mar-20-2017 at 03:30PM:
21 out of 108 participants or 19.44% of all participants registered a 100% BUYING activity 10 out of 108 participants or 9.26% of all participants registered a 100% SELLING activity Top 10 Players’ Buying Average: 9.9768 Top 10 Players’ Selling Average: 8.9894
Foreign Fund Flow
On a 30-day trading period, PCOR is on a Net Foreign Selling worth PHP277,389,225.00.
PCOR 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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