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.
gives detailed explanation
He gives detailed explanation so the investor can better understand. Keep it up
Highly recommended... 👍👍👍
Highly recommended… 👍👍👍
sooooo helpful
I just started to learn about stocks and any other stuffs related and this page is sooooo helpful to the things that really need and want to learn. Looking forward for more
provides accurate data
provides accurate data that can be used in long term investing and/or short term trading.
all praises for how accommodating the Equilyst team is
I am a newbie here so I haven’t had much experience, but this came well-recommended by an aunt (she’s past 70). She finds gadgets and new technology daunting, and yet she manages to get on here to be guided on managing her portfolio. She’s all praises for how accommodating the Equilyst team is.
very helpful analysis
Very helpful analysis even for newbies like me. Much appreciated.
highly helpful
In investing & trading, information at the right time is King. This page is highly helpful.
continue to share and recommend
It is educating and learning is a non stop process…do continue to share and recommend.
videos are very helpful
The newsletter and videos are very helpful. I haven’t subscribed yet but I am really planning to. Hopefully this April.
easy to understand
A good financial literacy webinar. The information is presented in a way that is easy to understand.
- 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
