Jaycee De Guzman
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SM Prime Holdings (PSE:SMPH) closed at ₱40.9 per share as of 03:30 PM GMT+8 on December 10, 2019. It wewnt down by 0.2439 percent.

The Total Turnover Value was at ₱211,460,195.00. The foreign traders were the main drivers of SMPH today.

Foreign investors registered a Net Foreign Buying worth ₱106,259,890.00. They are net sellers year-to-date.

The immediate support is near ₱39.90, while the immediate resistance is near ₱41.80.

My 10SMACD combo is bullish.

SMPH’s risk level is low due to its historical volatility score of 25.34 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 40.9
VWAP: ₱40.87609
Dominant Range: ₱40.8 – ₱0.95

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

True Market Sentiment – EOD

True Market Sentiment on SMPH as of Dec-10-2019 at 03:30PM, with a last price of ₱40.90
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: ₱40.8700
Top 10 Players’ Selling Average: ₱40.8690
Bonus Info:
5 out of 31 participants or 16.13% of all participants registered a 100% BUYING activity
7 out of 31 participants or 22.58% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on SMPH from Dec-09-2019 to Dec-10-2019 at 03:30PM, with a last price of ₱40.90
True Market Sentiment: NEUTRAL
6 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: ₱40.9318
Top 10 Players’ Selling Average: ₱40.9375
Bonus Info:
5 out of 43 participants or 11.63% of all participants registered a 100% BUYING activity
7 out of 43 participants or 16.28% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on SMPH from Dec-02-2019 to Dec-10-2019 at 03:30PM, with a last price of ₱40.90
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: ₱40.4444
Top 10 Players’ Selling Average: ₱40.3943
Bonus Info:
4 out of 74 participants or 5.41% of all participants registered a 100% BUYING activity
30 out of 74 participants or 40.54% of all participants registered a 100% SELLING activity

Recommendations

Do you have SMPH in your portfolio already?

There was a rejection from the ₱41.80 resistance on 9th of December 2019. Volume has been slightly decreasing since December 6, but that shouldn’t be a concern since those are green volume bars that are all above the 50 percent of SMPH’s 10-day volume average.

Besides, ADX is still at 27.95 and pointing up while the +DMI is moving above the -DMI. You are already profitable if you have bought shares of SMPH way back September 2019. That was the month when the confirmed buy signal, based on our Evergreen Strategy, first came out. Sell once your trailing stop is hit. For now, you have a data-driven basis to top up within the dominant range if you’d like to and if your buying power allows it.

I don’t see anything so concerning about the True Market Sentiment for the three timeframes stated above. Even if the TMS for MTD is bearish, you should be fine as long as you know where your trailing stop is.

You don’t have SMPH yet but are you planning to enter a new position?

Calculate first your reward-to-risk ratio from the immediate support and resistance. If you are happy with the ratio, then, you can do a test-buy within the dominant range. Your other option is to wait for the price to break the resistance at ₱41.80 for a better reward-to-risk ratio.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum whenever you need to.

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