Jaycee De Guzman
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Pilipinas Shell Petroleum Corporation (PSE:SHLPH) is priced at ₱33.45 per share, up by 1.06 percent, as of 09:44 AM GMT+8 on October 22, 2019.

The Total Turnover Value is at ₱75,003,215.00. The foreign traders are the main drivers of SHLPH today.

Pilipinas Shell Petroleum Corporation (SHLPH) - Daily Chart 1 - 10.22.2019

Foreign investors registered a Net Foreign Buying worth ₱337,740.00. They are net sellers year-to-date.

The immediate support is near ₱33.40, while the immediate resistance is near ₱35.70.

My 10SMACD combo is bearish.

SHLPH’s risk level is low due to its historical volatility score of 14.65 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: 33.45
VWAP: 33.364423
Most Traded: 33.45 – 33.45
Most Voluminous: 33.45 – 33.45

The Momentum Power Indicator of SHLPH is bearish because only 3 of 4 elements are bullish. The downward movement of the price is more than likely to continue as of the time of writing this analysis.

Pilipinas Shell Petroleum Corporation (SHLPH) - Trade Volume Distribution 1 - 10.22.2019

True Market Sentiment Analysis

True Market Sentiment on SHLPH as of Oct-22-2019 at 09:48AM, with a last price of 33.4500.
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 33.4123
Top 10 Players’ Selling Average: 33.4381
Bonus Info:
3 out of 7 participants or 42.86% of all participants registered a 100% BUYING activity
3 out of 7 participants or 42.86% of all participants registered a 100% SELLING activity

Pilipinas Shell Petroleum Corporation (SHLPH) - True Market Sentiment 1 - 10.22.2019

The majority of the top 10 brokers are bearish on SHLPH.

As far as my Evergreen Strategy is concerned, it’s a confirmed buy signal if the 10SMACD and the Momentum Power Indicator are both bullish. The opposite is true if the 10SMACD and Momentum Power Indicator are both bearish.

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.


Know that a relatively huge cross-trade is the reason why the total turnover value of SHLPH rose to ₱75,003,215.00 by Public Securities (broker) around 9:32am and 9:40am, which totaled to 2,236,200 shares bought and sold at ₱33.35 and ₱33.40. It is for this reason that my Momentum Power Indicator remains bearish.

If your trailing stop is still intact, I suggest that you hold your position. Do not top up until the 10SMACD and Momentum Power Indicator are both bullish. If you’re a subscriber of Equilyst Analytics, you may post in our Private Clients Forum and ask for an update if those two indicators are already bullish.

If you are planning to enter a new position on this stock, I suggest that you postpone that plan until the 10SMACD and Momentum Power Indicator become bullish. Once they’ve become bullish, I suggest that you calculate your reward-to-risk ratio first. You can use my Reward-to-Risk Ratio Calculator. If you’re happy with that ratio, then, you can test-buy within the dominant range. Calculate your trailing stop immediately once the stock enters your portfolio.

Based on my observation on SHLPH’s DMI and ADX, it’s still more than likely for this stock to stay in a range. The +DMI and the -DMI are still in a convergence and the ADX is still below 25 points. This is the posture of a stock that is in a range.

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 allows us to alert of 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.


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