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

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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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