Megaworld Corporation (PSE:MEG) closed at ₱2.72 per share as of 03:30 PM GMT+8 on April 8, 2020. It went up by 1.12 percent.
The Total Turnover Value was ₱114,165,920.00. The foreign traders were the main drivers of Megaworld Corporation today.
Foreign investors are net buyers today with a Net Foreign Buying worth ₱30,483,410.00. Foreign fundies are net sellers year-to-date.
The immediate support is near ₱2.00, while the immediate resistance is near ₱2.80.
Our 10SMACD combo is bullish.
MEG’s risk level is moderate due to its historical volatility score of 59.28 percent.
Last Price: ₱ 2.72
Dominant Range: ₱2.72 – ₱2.72
The Momentum Power Indicator of Megaworld Corporation is bullish.
True Market Sentiment
True Market Sentiment on MEG as of Apr-08-2020 at 03:30PM with a last price of ₱2.72
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱2.6542
Top 10 Players’ Selling Average: ₱2.6506
17 out of 51 participants or 33.33% of all participants registered a 100% BUYING activity
5 out of 51 participants or 9.80% of all participants registered a 100% SELLING activity
Do you have Megaworld Corporation in your portfolio already?
You may top up since the 10SMACD and the Momentum Power Indicator of MEG are both bullish. Please remember to do a manual upward adjustment on your trailing stop every time MEG registers a higher prevailing price.
You don’t have Megaworld Corporation yet but are you planning to do a test-buy?
There is a buy signal confirmation for MEG already, but make sure that you calculate your reward-to-risk ratio first. If you’re satisfied with your reward-to-risk ratio, that’s when you should position within the dominant range. Don’t buy at any random price under the ASK column. Remember to do an upward adjustment on your trailing stop when the stock registers a higher price.
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