TEL Technical Analysis: What Does Our Evergreen Strategy Suggest?

PLDT, Inc. (PSE:TEL) is priced at ₱1133 per share as of 03:30 PM GMT+8 on November 5, 2019. It is up by 1.98 percent.

The Total Turnover Value is at ₱206,685,215.00. The foreign traders are the main drivers of TEL today.

PLDT, Inc (TEL) - True Market Sentiment EOD - 11.5.2019

Foreign investors registered a Net Foreign Buying worth ₱13,202,900.00. They are net buyers year-to-date.

The immediate support is near ₱1089.00, while the immediate resistance is near ₱1204.00.

My 10SMACD combo is bullish.

TEL’s risk level is low due to its historical volatility score of 18.05 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: 1133
VWAP: 1133.329029
Most Traded: 1130 – 1129
Most Voluminous: 1130 – 1129

PLDT, Inc (TEL) - True Market Sentiment EOD - 11.5.2019

The Momentum Power Indicator of TEL is bearish because only 2 of 4 elements are bullish.

It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet both bullish.

True Market Sentiment – EOD

True Market Sentiment on TEL as of Nov-05-2019 at 03:30PM, with a last price of 1133.00.
True Market Sentiment: BEARISH
4 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: 1133.3928
Top 10 Players’ Selling Average: 1133.2138
Bonus Info:
5 out of 48 participants or 10.42% of all participants registered a 100% BUYING activity
25 out of 48 participants or 52.08% of all participants registered a 100% SELLING activity

PLDT, Inc (TEL) - True Market Sentiment EOD - 11.5.2019

True Market Sentiment – WTD

True Market Sentiment on TEL from Nov-04-2019 to Nov-05-2019 at 03:30PM, with a last price of 1133.00.
True Market Sentiment: NEUTRAL
6 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: 1127.8585
Top 10 Players’ Selling Average: 1127.8820
Bonus Info:
7 out of 50 participants or 14.00% of all participants registered a 100% BUYING activity
19 out of 50 participants or 38.00% of all participants registered a 100% SELLING activity

PLDT, Inc (TEL) - True Market Sentiment EOD - 11.5.2019

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

If you have TEL and if your trailing stop has not been hit yet, I suggest that you hold your position for now. Do not top up yet. Top up once the 10SMACD and Momentum Power Indicator are both bullish.

As soon as you see a significant change in price and volume tomorrow, please post in our Private Clients Forum and ask for our latest analysis so we can tell if you we are already seeing a bullish 10SMACD and Momentum Power Indicator.

I don’t suggest topping up because the price might just move sideways or go down while the Momentum Power Indicator and 10SMACD are not both bullish.

On the other hand, if you don’t have TEL but you’re planning to enter a new position, this is not a good time to do a test-buy.

Wait for the 10SMACD and Momentum Power Indicator to become bullish.

Once they’re both bullish, calculate your reward-to-risk ratio. You can use my reward-to-risk ratio calculator on our website at RESOURCES>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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