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.
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.
As of February 24, 2017, at 03:30PM, the volume is 334.01% of the previous trading day.
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.
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
Foreign Fund Flow
On a 30-day trading period, VITA is on a Net Foreign Buying worth PHP108,479.00.
VITA 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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