PX Stock Analysis: Is It Good to Buy Even If It Gapped Up Today?

Philex Mining Corporation (PSE:PX) is priced at ₱3.39 per share as of 03:30 PM GMT+8 on November 25, 2019. It is up by 3.35 percent.

The Total Turnover Value is at ₱870,990.00. The local traders are the main drivers of PX today.

Foreign investors did not have a participation on PX today. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱3.20, while the immediate resistance is near ₱3.50.

My 10SMACD combo is bullish.

PX’s risk level is low due to its historical volatility score of 30.5 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 3.39
VWAP: ₱3.37593
Dominant Range: ₱3.36 – ₱3.39

The Momentum Power Indicator of PX is bullish because all 4 of 4 elements are bullish.

The ascent in price is more than likely to continue since the 10SMACD and the Momentum Power Indicator are both bullish.

Philex Mining Corporation (PX) - Trade Volume Distribution EOD - 11.25.2019

True Market Sentiment – EOD

True Market Sentiment on PX as of Nov-25-2019 at 03:30PM, with a last price of ₱3.390
True Market Sentiment: BEARISH
4 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱3.3862
Top 10 Players’ Selling Average: ₱3.3879
Bonus Info:
5 out of 12 participants or 41.67% of all participants registered a 100% BUYING activity
6 out of 12 participants or 50.00% of all participants registered a 100% SELLING activity

Philex Mining Corporation (PX) - True Market Sentiment EOD - 11.25.2019

True Market Sentiment – MTD

True Market Sentiment on PX from Nov-04-2019 to Nov-25-2019 at 03:30PM, with a last price of ₱3.390
True Market Sentiment: BULLISH
8 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: ₱3.3924
Top 10 Players’ Selling Average: ₱3.3769
Bonus Info:
20 out of 50 participants or 40.00% of all participants registered a 100% BUYING activity
11 out of 50 participants or 22.00% of all participants registered a 100% SELLING activity

Philex Mining Corporation (PX) - True Market Sentiment MTD - 11.25.2019

Recommendations

Do you have PX in your portfolio already?

If you have PX, you may top up within the dominant range since both 10SMACD and Momentum Power Indicator are bullish. Make sure that you do an upward adjustment on your trailing stop every time the prevailing price goes up. You can use my Trailing Stop Calculator. On the other hand, request for our latest analysis on PX, in our Private Clients Forum, if it starts at a price lower or higher than the dominant range at the opening bell tomorrow.

You don’t have PX but are planning to do a test-buy?

You can do a test-buy within the dominant range of our Trade and Volume Distribution but make sure that you are happy with your reward to risk ratio first. You can use my Reward-to-Risk Ratio Calculator.

Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.

Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.

About the Author
Jaycee De Guzman is an online business strategist, an equity analyst, an entrepreneur, and a computer scientist by profession. Visit his website at www.jayceedeguzman.com.

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