PXP Energy Corporation (PXP) Analysis – December 20, 2016

PXP Energy Corporation (PSE:PXP) was one of the top gainers today, closing at 3.42 or 6.21 percent.

PXP Energy Corporation (PXP) - Daily Chart - December 20, 2016

The candle today shows a bullish engulfing candle and has closed a gap between 3.45 to 3.46. The stock, however, met its resistance at the 200-day moving average after its intraday high of 3.39 touched the 200-day SMA.

PXP is still on a downtrend channel after breaking down a descending triangle with a neckline at the 3.59 level. This level is also expected to act as a resistance if PXP will try to start an uptrend. For a more convincing uptrend,

For a more convincing uptrend, PXP must close above 3.81. If the slide continues, expect the immediate support to be around 3.09.

The weekly chart shows a bounce at the 50-day moving average. If the stock can at least hold, current levels would classify as a reversal candle with a pending confirmation next week.

Resistance and support levels are still the same as that of the daily chart.

PXP Energy Corporation (PXP) - Weekly Chart - December 20, 2016

From December 1, 2016 to December 20, 2016, 4 out of 11 active online foreign brokers traded PXP.

  • Online foreign brokers’ Buy Average: PHP3.62
  • Online foreign brokers’ Sell Average: PHP3.57
  • Number of net buyers among the participating online foreign brokers: 3 out of 4
  • HDI bought the biggest number of shares among online foreign brokers amounting to PHP2,829,200.00.
  • HDI sold the biggest number of shares among online foreign brokers amounting to PHP2,677,330.00.

On a 30-day trading period, PXP is on a Net Foreign Buying worth PHP816,050.00.

PXP Energy Corporation (PXP) - Foreign Fund Flow - December 20, 2016

Participants with a 100% Buying and Selling Activity from Dec-01-2016 to Dec-20-2016 at 03:30PM:

  • 17 out of 84 participants or 20.24% of all participants registered a 100% BUYING activity
  • 11 out of 84 participants or 13.10% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 3.6274
  • Top 10 Players’ Selling Average: 3.6626

PXP Energy Corporation (PXP) - Top 10 Players - December 20, 2016

PXP has a moderate risk level based on our proprietary risk level indicator.

PXP Energy Corporation (PXP) - Risk Level - December 20, 2016

Do you find this analysis informative and helpful? If you do, please comment below or share this post.

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.
  1. Vincente Reply

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