MONDE Technical Analysis: Buy Despite Foreign Investors’ Slim Buying Support?

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.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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