SEVN Technical Analysis: Buy-and-Hold or Avoid?

Philippine Seven Corporation (PSE:SEVN) is priced at ₱149 per share as of 03:30 PM GMT+8 on October 31, 2019. It is up by 3.47 percent.

The Total Turnover Value is at ₱96,558,030.00. The foreign traders are the main drivers of SEVN today.

Philippine Seven Corporation (SEVN) - Trade Volume Distribution EOD - 10.31.2019

Foreign investors registered a Net Foreign Buying worth ₱394,170.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱134.20, while the immediate resistance is near ₱160.00.

My 10SMACD combo is bullish.

SEVN’s risk level is low due to its historical volatility score of 26.85 percent. For new traders, I advise that you prioritize checking those stocks that have a low to moderate risk level.

Trade-Volume Distribution Analysis

Last Price: 149
VWAP: 144.015437
Most Traded: 149 – 144
Most Voluminous: 149 – 144

Philippine Seven Corporation (SEVN) - Trade Volume Distribution EOD - 10.31.2019

The Momentum Power Indicator of SEVN is bearish because only 3 of 4 elements are bullish. This doesn’t complete the confirmed buy signal I’m looking for. In other words, I have a low data-driven conviction to say that the ascent in price is sustainable.

True Market Sentiment – EOD

True Market Sentiment on SEVN as of Oct-31-2019 at 03:30PM, with a last price of 149.00.
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 147.4660
Top 10 Players’ Selling Average: 146.1331
Bonus Info:
2 out of 7 participants or 28.57% of all participants registered a 100% BUYING activity
1 out of 7 participants or 14.29% of all participants registered a 100% SELLING activity

Philippine Seven Corporation (SEVN) - Trade Volume Distribution EOD - 10.31.2019

True Market Sentiment – WTD

True Market Sentiment on SEVN from Oct-28-2019 to Oct-31-2019 at 03:30PM, with a last price of 149.00.
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 144.5762
Top 10 Players’ Selling Average: 143.3768
Bonus Info:
2 out of 12 participants or 16.67% of all participants registered a 100% BUYING activity
4 out of 12 participants or 33.33% of all participants registered a 100% SELLING activity

Philippine Seven Corporation (SEVN) - Trade Volume Distribution EOD - 10.31.2019

True Market Sentiment – MTD

True Market Sentiment on SEVN from Oct-01-2019 to Oct-31-2019 at 03:30PM, with a last price of 149.00.
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 139.0572
Top 10 Players’ Selling Average: 138.6687
Bonus Info:
3 out of 22 participants or 13.64% of all participants registered a 100% BUYING activity
7 out of 22 participants or 31.82% of all participants registered a 100% SELLING activity

Philippine Seven Corporation (SEVN) - Trade Volume Distribution EOD - 10.31.2019

Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

The Momentum Power Indicator registered today is bearish since only 3 of the 4 criteria are bullish. If you are holding this stock and planning to top up, I recommend that you postpone that plan and hold your position until both 10SMACD and Momentum Power Indicator are bullish. It goes without saying that you should respect your trailing stop.

The reason why I’m suggesting that you hold on your position instead of pre-empting your trailing stop is the bullish True Market Sentiment month-to-date. Besides that, the 10SMACD is still bullish. As soon as the Momentum Power Indicator becomes bullish, you can top up within the dominant range.

On the other hand, if you are planning to enter a new position on this stock, I advise that you wait for the Momentum Power Indicator to become bullish before you calculate your reward-to-risk ratio. There are calculators on our website. Go to Resources. Then, go to Tools.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

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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