Primex Corporation (PRMX) – Analysis – February 28, 2017

Primex Corporation (PSE:PRMX) has broken multiple support levels first at 4.75 followed by 4.67. The stock managed to hit the support at the next support level at 4.32 which is also where the 50 SMA is located. The volume was also significant today. The RSI is pointing downwards and is not yet oversold. The MACD is also bearish. It is possible that there would be a retest of 4.75, which is a good opportunity for those who still have the stock to minimize losses.

PRMX - Daily Chart - February 28, 2017

Volume

As of February 28, 2017, at 03:30PM, the volume is 334.33% of the previous trading day.

PRMX - Primex Corporation - Volume - February 28, 2017

Online Foreign Brokers

From January 18, 2017 to February 28, 2017, 3 out of 11 active online foreign brokers traded PRMX.
Online foreign brokers’ Buy Average: PHP4.69
Online foreign brokers’ Sell Average: PHP4.76
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 PHP12,399,440.00.
HDI sold the biggest number of shares among online foreign brokers amounting to PHP14,179,260.00.

PRMX - Primex Corporation - Online Foreign Brokers' Transactions - February 28, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-18-2017 to Feb-28-2017 at 03:30PM:

8 out of 77 participants or 10.39% of all participants registered a 100% BUYING activity
3 out of 77 participants or 3.90% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 5.2462
Top 10 Players’ Selling Average: 4.7792

PRMX - Primex Corporation - Top 10 Players Sentiment - February 28, 2017

Foreign Fund Flow

On a 30-day trading period, PRMX is on a Net Foreign Selling worth PHP4,717,629.00.

PRMX - Primex Corporation - Foreign Fund Flow - February 28, 2017

Risk Level

LIHC is a moderate-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.

PRMX - Primex Corporation - Risk Level - February 28, 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.

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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