Trans-Asia Petroleum Corporation (TAPET) – Analysis – March 20, 2017

Trans-Asia Petroleum Corporation (PSE:TAPET) is still bearish as it closes to a new 9-month low. The 15 EMA and 20 SMA are trending downward and are both acting as the resistance. The volume’s size is from thin to nonexistent. The MACD and the RSI are both neutral in appearance. The immediate support is estimated at 2.80 first followed by 2.64. The resistance is expected at 2.88.

As of September 30, 2016, TAPET incurred losses for the previous 9 months. Therefore P/E cannot be computed. TAPET, however, is trading at 3.78x Price to Book Value.

Volume

As of March 17, 2017, at 03:30PM, the volume is 25.00% of the previous trading day.

Online Foreign Brokers

From February 6, 2017 to March 17, 2017, 1 out of 11 active online foreign brokers traded TAPET.
Online foreign brokers’ Buy Average: PHP0.00
Online foreign brokers’ Sell Average: PHP2.80
Number of net buyers among the participating online foreign brokers: 0 out of 1
There’s no buyer among online foreign brokers..
ATR sold the biggest number of shares among online foreign brokers amounting to PHP8,400.00.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Feb-06-2017 to Mar-17-2017 at 03:30PM:

9 out of 30 participants or 30.00% of all participants registered a 100% BUYING activity
11 out of 30 participants or 36.67% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.8797
Top 10 Players’ Selling Average: 2.8627

Foreign Fund Flow

On a 30-day trading period, TAPET is on a Net Foreign Selling worth PHP28,500.00.

Risk Level

TAPET is a low-risk stock based on our proprietary risk level indicator. Please don’t take this as an absolute indicator of a stock’s risk level. We advise that you calculate your personal reward-to-risk ratio.

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