SPC Power Corporation Technical Analysis
SPC is the second most viewed stock PSE’s EDGE as of closing on May 31, 2021. What do you think is the reason? Your guess is as good as mine! It could be because of the newly released company disclosure regarding the ₱0.60 per common share cash dividend with an Ex-Div Date of June 9, 2021.
I know you’d like to ask how to do the dividend play. I wrote an article in the vernacular (Tagalog) as your guide. I included three scenarios in two different settings. Will you get a dividend if you buy or sell before, on, or after the Ex-Div Date? Please read this article.
So, I’m here to share with you the findings of the algorithm of my Evergreen Strategy 2.0. I know you also would like to know if I see a confirmed buy signal on SPC. Let’s start synthesizing. First, we need to check the ratings of the six parameters I check when looking for a confirmed buy signal. If you’re one of our clients, you’ll find the flowchart I inserted in the course manual of the 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: Yes
Parameter 5: Is its Dominant Range Index bullish?
Answer: No
Dominant Range Index: BEARISH
Last Price: ₱11.24
VWAP: ₱11.1892
Dominant Range: ₱11.20 – ₱11.24
Parameter 6: Is its Market Sentiment Index bullish?
Answer: Yes
Market Sentiment Index: BULLISH
17 of the 25 participating brokers, or 68.00% of all participants, registered a positive Net Amount
19 of the 25 participating brokers, or 76.00% of all participants, registered a higher Buying Average than Selling Average
25 Participating Brokers’ Buying Average: ₱11.19921
25 Participating Brokers’ Selling Average: ₱11.19020
12 out of 25 participants, or 48.00% of all participants, registered a 100% BUYING activity
5 out of 25 participants, or 20.00% of all participants, registered a 100% SELLING activity
Synthesis
SPC got a bullish rating on 5 out of 6 parameters. We need to get 6 bullish ratings to have a confirmed buy signal for a stock. In short, this stock doesn’t have a confirmed buy signal yet. That bearish Dominant Range Index gives us a hint that the bears didn’t give the bulls an easy time today. The dominant range is closer to the intraday low than the intraday high.
However, what should you do if you already have SPC in your portfolio? First, hold your position if your trailing stop remains unscathed, but do not top-up unless you get a confirmed buy signal. Second, if you’re one of our clients, you may ask for SPC’s prevailing Dominant Range Index and Market Sentiment Index in our online discussion group on our website so you can complete your analysis as I do. This way, you can invest independently and trade tactically. Finally, your roadmap is the course manual of my Evergreen Strategy 2.0. I wrote it in layman’s terms, and I included lots of screenshots so you can easily follow through.
The immediate support is at ₱10.80, while the immediate resistance is at ₱11.47. The resistance level is confluent with the 61.80 percent extension of the Up Fibonacci. Refer to the daily chart for the swing low and swing high of my Fibonacci if you want to re-create it on your chart. If SPC goes ballistic and breaks the immediate resistance, the next resistance to break is at ₱12.55.
Lastly, do not buy SPC if you do not have it yet. I know it remains a newbie-friendly stock due to its 10-day historical volatility score of 37.50 percent, but that doesn’t automatically make it a buyable name.
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.
Money's worth is clear as well as the direction and gravity of the guidance extended.
it is used in a manner as to solicit yet help, yes you subscribe but it is only for an understandable reason which would partly be Sustainability. Money’s worth is clear as well as the direction and gravity of the guidance extended
I seem to understand he has a Systematic Way of Doing Trading which I believe he could share and is currently sharing
Mr. De Guzman and his experience speaks a lot about how he shows sample of what he meant by Systematic way of Trading. The basis by which forecast and guidance are made are duly substantiated not just by theory but by numbers and graphs
His Evergreen strategy. Based on data not feelings.
His Evergreen strategy. Based on data not feelings.Good value. I’m a member.
simple and clear to understand
simple and clear to understand..
ok for everyone busy for there jobs..
Mr de Guzman way of TA, is very formula based
Mr de Guzman way of TA, is very formula based… data is gathered and computed, then compared to pre set parameters. Each parameter will determine course of action or no action.
The subscription gives us daily 10 short term reports and all 30 blue chips stock reports, according to equilyst formula. While sometimes I find the 10 stock picks short, we can always ask for info on particular stock we are looking at.
Comprehensive and informative
Comprehensive and informative
Straight to the point
Straight to the point…
the best way of analyzing the stock market
Is the best way of analyzing the stock market
One of the best mentor.He wants to produce quality trader.
See video Market Charting Episode 19.The indicators are very helpful,i use it when screening stocks.Indeed just like the losses was unlikely to happen with this kind of chart tools.I always recommend Equilyst Analytics whenever in my fb group are looking for mentors.
it’s easy to understand how he explain the analysis
For me it’s easy to understand how he explain the analysis. And just wanna learn and study more since i’m new to trade stock market
He backs it up with good reasoning
He backs it up with good reasoning
- 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
