PXP Energy Corporation Technical Analysis
PXP Energy Corporation has been dancing above its 10-day simple moving average for six consecutive days despite the absence of significant buying support from foreign investors.
PXP’s immediate support is near ₱6.15, while its immediate resistance is near ₱8.90.
Do I see a confirmed buy signal on PXP based on today’s data? First, let’s check the status of the six parameters I check through my Evergreen Strategy 2.0.
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: Yes
Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: No
Parameter 5: Is its Dominant Range Index bullish?
Answer: Yes
Dominant Range Index: BULLISH
Last Price: ₱8.29
VWAP: ₱8.2823
Dominant Range: ₱8.29 – ₱8.31
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
12 of the 39 participating brokers, or 30.77% of all participants, registered a positive Net Amount
12 of the 39 participating brokers, or 30.77% of all participants, registered a higher Buying Average than Selling Average
39 Participating Brokers’ Buying Average: ₱8.27838
39 Participating Brokers’ Selling Average: ₱8.29282
7 out of 39 participants, or 17.95% of all participants, registered a 100% BUYING activity
19 out of 39 participants, or 48.72% of all participants, registered a 100% SELLING activity
Synthesis
So, does PXP have a confirmed buy signal?
Unfortunately, we only got five yeses out of six questions. This result means profit-taking is likely to happen once it draws closer to the resistance at ₱8.90. At least, that’s how I see according to today’s data. Sentiments change when data change.
Even if we get a confirmed buy signal today, the reward-to-risk ratio doesn’t look attractive anymore. The last price is closer to the immediate resistance than the immediate support already.
Anyway, what are your options if you already have PXP in your portfolio? Assuming your trailing stop is still intact, you have the logical option to hold your position since both Dominant Range Index and Market Sentiment are bullish. However, save your buying power for later once there’s a confirmed buy signal. In short, do not top-up yet.
On the other hand, is it wise to add PXP to your watchlist if you still have an available slot? I don’t know about you, but I prefer monitoring stocks with at least ₱20 million daily total turnover value so it’ll be worth my time and money.
If you’re one of our subscribers at Equilyst Analytics, I am hoping that you’ve already studied and mastered the course manual of the Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0 by now. You may ask for PXP’s Dominant Range Index and Market Sentiment Index in our online discussion group on our website so you can complete your analysis, like how I do it, on your own.
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.
Magaling po si sir Jaycee.
Magaling po si sir Jaycee.
very helpful
it is very helpful and gave me an idea or to improve my TA when it comes picking a stocks..
analysis with concern to readers
It seems good analysis. I start liking it. Analysis with concern to readers. Just keep it up for good of everyone.
easy to understand
His technical analysis is clearly to understand.
rational way of doing technical analysis
rational way of doing technical analysis
strong logical thinking abilities
genius and demonstrates strong logical thinking abilities 😄
magaling magturo at magpaliwanag
baguhan lang po ako sa stockmarket at lagi ko pong pinapanood ang ang mga videos ni sir jaycee dahil sa galing nya mag turo at magpaliwanag.
detailed and complete
His technical analyses are detailed and complete. His graphs and other computations are very helpful for investors to decide when to buy and sell stocks.
It is a great help for newbies
It is a great help for newbies. And it is very easy to understand.
practical and easy to understand
Practical approach and easy to understand by the beginners..
- 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
