Premiere Horizon Alliance Corporation (PHA) Analysis
Premiere Horizon Alliance Corporation is presently trading at ₱0.29 per share, up by 12.45 percent, as of October 14, 2020, at 11:12 AM. The total turnover value is currently at ₱29.58 million, with a prevailing volume of 105,750,000 shares.
The local traders spearhead the ascent in price as of the time of generating this report. The foreign investors have registered a measly net foreign buying worth ₱156,500.00. There’s not much to talk about the foreign investors’ participation in PHA, even on a year-to-date scale.
Premiere Horizon Alliance is slowly approaching the immediate resistance near ₱0.30. The immediate support is at ₱0.17. PHA’s 10SMACD combo is bullish because the last candlestick is trading above the 10-day simple moving average, and MACD is moving above the signal line.
The directional movement index (DMI) concurs to the 10SMACD combo’s bullishness since the +DMI hovers the -DMI and the average directional index (ADX) is trading at 31.80 points.
On the other hand, I classify Premiere Horizon Alliance as a high-risk stock due to its 10-day historical volatility score of nearly 93 percent. If you’re a new trader, it’s best to start with low- to moderate-risk stocks. Low- to moderate-risk stocks are stocks with a 10-day historical volatility score not higher than 70 percent. Customize your screener to filter those stocks with a 10-day historical volatility score of less than 50 percent first.
If and when Premiere Horizon Alliance breaks above the resistance at ₱0.30, the next resistance will be at ₱0.47.
I say that the stock has a confirmed buy signal if both of its 10SMACD and Momentum Power Indicator are bullish. In my trade-volume distribution analysis for PHA, let’s find out if it has a bullish Momentum Power Indicator.
Trade-Volume Distribution Analysis
Last Price: ₱0.29
Dominant Range: ₱0.28 – ₱0.295
All four elements of the Momentum Power Indicator of Premiere Horizon Alliance are bullish. Please review the online stock market course of Equilyst Analytics (available in Tagalog and English) to know what those four elements are. You have exclusive access to our online stock market course (The Evergreen Strategy in Trading and Investing in the Philippine Stock Market) if you’re one of our clients.
True Market Sentiment – Intraday – October 14, 2020
True Market Sentiment: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
3 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱0.2815
Top 10 Players’ Selling Average: ₱0.2833
7 out of 41 participants, or 17.07% of all participants, registered a 100% BUYING activity
11 out of 41 participants, or 26.83% of all participants, registered a 100% SELLING activity
If you already have Premiere Horizon Alliance and if your trailing stop is intact, you have the logical reason to buy more shares within the dominant range (not at any price under the ASK column). Continue to either hold your position or add more shares as long as both 10SMACD and Momentum Power Indicator are bullish. Lock-in your profits once your trailing stop is hit.
Suppose you don’t have Premiere Horizon Alliance yet. In that case, I’d like to inform you that this neutral True Market Sentiment reminds you of the need to calculate your reward-to-risk ratio first if you’re yet to enter a new position on Premiere Horizon Alliance. Not because both its 10SMACD and Momentum Power Indicator are bullish, it doesn’t mean you should irrationally do a test-buy right away. No. Calculate your reward-to-risk ratio first. You want to make sure that you’re vying for a bigger potential reward than your potential risk. You may use our reward-to-risk ratio calculator from the TOOLS tab of our online stock market library.
If you’re one of our clients, feel free to ask for our latest analysis on Premiere Horizon Alliance in our Private Clients Forum as trading happens. Our recommendation is subject to change depending on what the present set of data says.
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