Vitarich Corporation (VITA) – Analysis – February 24, 2017

Vitarich Corporation (PSE:VITA) is trading inside a very large triangle. The stock is trading at the support which is the 200 SMA. However, the resistance is stiff at the 1.77. The 15 EMA, 20 SMA, and 50 SMA are acting as the resistance.

VITA must break above current resistance to have a meaningful uptrend. The support is the lower channel of the triangle which is around 1.68. The stock may hit 1.50 when it breaks the resistance.

Volume has been relatively thin suggesting consolidation. The RSI is neutral but pointing upwards. The MACD is ripe for a bullish crossover.

VITA - Daily Chart - February 24, 2017

The monthly chart shows a short-term bearish bias but we’ve noticed that volume is significantly lower during the red months compared to months where stock was on an uptrend suggesting a possibly healthy accumulation.

VITA - Monthly Chart - February 24, 2017


As of February 24, 2017, at 03:30PM, the volume is 334.01% of the previous trading day.

VITA - Vitarich Corporation - Volume - February 24, 2017

Online Foreign Brokers

From January 16, 2017 to February 24, 2017, 4 out of 11 active online foreign brokers traded VITA.
Online foreign brokers’ Buy Average: PHP1.86
Onlne foreign brokers’ Sell Average: PHP1.82
Number of net buyers among the participating online foreign brokers: 0 out of 4
ATR bought the biggest number of shares among online foreign brokers amounting to PHP5,338,650.00.
ATR sold the biggest number of shares among online foreign brokers amounting to PHP7,603,800.00.

VITA - Vitarich Corporation - Online Foreign Brokers' Transactions - February 24, 2017

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Jan-16-2017 to Feb-24-2017 at 03:30PM:

8 out of 80 participants or 10.00% of all participants registered a 100% BUYING activity
8 out of 80 participants or 10.00% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.0944
Top 10 Players’ Selling Average: 1.8777

VITA - Vitarich Corporation - Top 10 Players Sentiment - February 24, 2017

Foreign Fund Flow

On a 30-day trading period, VITA is on a Net Foreign Buying worth PHP108,479.00.

VITA - Vitarich Corporation - Foreign Fund Flow - February 24, 2017

Risk Level

VITA┬áis 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.

VITA - Vitarich Corporation - Risk Level - February 24, 2017

Do you find this analysis helpful? Please let us know your thoughts by commenting below. It might seem insignificant, but it helps more than what you might think.

About the Author
The Stock Signals Philippines is the online news media arm of Equilyst Analytics. Inc., an SEC-registered stock market consultancy firm in the Philippines that guides Filipinos on long-term investing and short-term trading and offers mentoring services.

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