Ayala Land, Inc. (ALI) closed at 46.40 as of 12PM of April 23, 2019. It remains relatively bullish both in the short-term and long-term scales since the last price maintains its position above all moving averages plotted on the chart. SMAs used were 10, 50, and 200.
ALI is already moving below its Volume Weighted Average Price (VWAP) of 46.53. This goes to show that the bears are in a dominant position already. But since the second half of trading is yet to start, it’s still everyone’s game, so to speak.
Support, Resistance, Volume, Net Foreign Trade
The support level is near 45.00-apiece while the resistance is near 47.50. If it breaks above the resistance, the psychological resistance would be 50.50, which is in confluence with the 61.80% of the Up Fibonacci extension. If it breaks below the support, 42.80 would be your next support level.
The descent in price during the first half of trading did not register a towering volume. The prevailing volume is more or less one-fifth of ALI’s 10-day volume average. To me, this means investors of ALI are not convinced yet that it’s high-time to get out of this stock by a significant degree.
Foreign investors are bullish on ALI for 2019 YTD. They’ve been buying on a 6-day streak.
ALI has a historical volatility of 21% and that gives ALI a low-risk level. For me, when the historical volatility is below 50%, it means the stock’s price movement is moving in a gradual and not in an outrageously erratic manner. That’s one characteristic of stocks that are good candidates for long-term investing.
Price-Volume Distribution Analysis
- VWAP: 46.5317
- Most Traded Prices: 46.45, 46.5, 46.4, 46.8, 46.95
- Most Voluminous Prices: 46.45, 46.4, 46.5, 46.8, 46.85
Looking at my Price-Volume Distribution charts, I see that the most traded and most voluminous range is closer to the intraday low than the intraday high. This is another confirmation that the bears were in a dominant control over the bulls in the first half of trading. The most dominant range is between 46.35 and 46.50. ALI might just bounce back and forth within this range if the bulls will manage to main ALI’s price above 46.35.
Top 10 Players – Intraday
Trading participants of ALI with a 100% Buying and Selling Activity as of Apr-23-2019 at 12:00PM:
- 5 out of 40 participants or 12.50% of all participants registered a 100% BUYING activity
- 17 out of 40 participants or 42.50% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 46.5851
- Top 10 Players’ Selling Average: 46.4656
Looking at my Top 10 Players chart for the first half of today’s trading, I see that over 40% of the participants sold some positions. Perhaps, these were the ones who entered below 45-apiece. Perhaps, they were thinking that ALI is already running out of gas to inch closer to 47.50. So, they pre-empted their expectations by locking-in some profits. In this statistics, I see that the top 10 participants’ average selling price is at 46.47.
Top 10 Players – April MTD
Trading participants of ALI with a 100% Buying and Selling Activity from Apr-01-2019 to Apr-23-2019 at 12:00PM:
- 4 out of 109 participants or 3.67% of all participants registered a 100% BUYING activity
- 43 out of 109 participants or 39.45% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 46.1737
- Top 10 Players’ Selling Average: 46.0716
In my Top 10 Players chart for April MTD, I see that there’s also a strong appetite for profit-taking. However, do know that these participants who registered a 100% selling activity on ALI for April MTD do not belong in the top 10. In other words, their individual total turnover value was lower than the individual total turnover value of the top 10 players. That’s the reason why the price of ALI didn’t plummet by a significant degree. Nonetheless, checking the top 10 players’ sentiment for April MTD gives me a sneak preview of what the relatively small players have been doing.
Despite the bearish of ALI in the first half of trading today, my overall sentiment remains bullish on ALI for the long-term. Once ALI breaks below the 10SMA, this stock might just move sideways between 45 and 47.50. Sell once your trailing stop loss is hit. You can watch this video below if you want to learn more about setting up a trailing stop loss.
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Please let me know in the comments if this analysis helps. Thank you.
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