Monde Nissin Corporation Technical Analysis
MONDE debuted in the Philippine Stock Exchange today, June 1, 2021, with a total turnover value of ₱3.2 billion. Thanks to the foreign investors for being responsible for 78 percent of this massive turnover value. Unfortunately, they only registered a net foreign buying worth ₱6 million. That wasn’t much help as the IPO stock closed at ₱13.48 per share, down by 0.1481 percent on its first day.
In this analysis, I’d like to share with you the status of the third, fifth, and sixth parameters of my Evergreen Strategy 2.0 when looking for a confirmed buy signal. Unfortunately, the first, second, and fourth parameters are inapplicable because MONDE doesn’t have much historical data yet.
Please read the other stock analyzes I’ve published in the LIBRARY section if you’re new to this website.
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱13.48
VWAP: ₱13.4866
Dominant Range: ₱13.48 – ₱13.52
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
47 of the 89 participating brokers, or 52.81% of all participants, registered a positive Net Amount
57 of the 89 participating brokers, or 64.04% of all participants, registered a higher Buying Average than Selling Average
89 Participating Brokers’ Buying Average: ₱13.49257
89 Participating Brokers’ Selling Average: ₱13.48684
19 out of 89 participants, or 21.35% of all participants, registered a 100% BUYING activity
16 out of 89 participants, or 17.98% of all participants, registered a 100% SELLING activity
Synthesis
I won’t be buying MONDE until I get a bullish score for all the three parameters I mentioned above. This is because MONDE doesn’t have a confirmed buy signal yet as far as the algorithm of my Evergreen Strategy 2.0 is concerned.
What should you do if you already have MONDE in your stock portfolio? You may hold your position if your trailing stop is intact and if either the Dominant Range Index or Market Sentiment Index is bullish. Sell once your trailing stop is hit. You may use my trailing stop calculator. On the other hand, consider reducing the risk percentage on your trailing stop once both the Dominant Range Index and Market Sentiment Index are bearish.
If you don’t have MONDE yet and you’re one of our clients or subscribers, you may ask for this stock’s Dominant Range Index and Market Sentiment Index in our online discussion board on our website to track if this stock already has a confirmed buy signal.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
His technical analysis greatly helps investors in assessing the risks related to stocks
Mr. Jaycee De Guzman is an IT expert and his knowledge about IT if of a great edge in analyzing the stock market. His technical analysis greatly helps investors in assessing the risks related to stocks and deciding whether to buy or sell these stocks.
His explanations and analysis are more realistic but simple
As I read his analysis in different post such as TGFI, I was intrigued and realized it is applicable to my current trading strategy as a short and more on long term trading. His explanations and analysis are more realistic but simple
it's well detailed
it’s well detailed. like it so much. hope i can learn more from him on how to do the technical analysis
the posts are more sensible
the posts are more sensible
he is awesome and doing great on his analysis
my friend said he is awesome and doing great on his analysis, and my friend learn so much from him
saved some losses
I am not yet knowledgeable enough to say something substantial. I did save some loss. I would have lost 23% instead I only lost 4% since I’ve subscribed.
I like his way of interpreting not just the charts but also the true market sentiment
I like his way of interpreting not just the charts but also the true market sentiment. Some chartist don’t do this but he does.
I learn and earn because of this.
He’s strategy and the information he provided are great. I learn and earn because of this.
learned a lot of important things
From the past posts of sir JCdG with regards to TA. I’ve learned a lot of important things to consider before stepping into a trading of good stock.
Refreshing and awakening
I find his approach refreshing and awakening for me who just realized that there is a better way of doing PCA.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
