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.
free from the biases
The Stock Signals has given me the confidence I need in long term investing. It is so good to know that I’m following Mr. De Guzman’s guidance that is free from the biases of third-party research, rumors, etc. I like the way Mr. De Guzman answers queries on the forum. He considers the technical know-how of the person who’s asking. I’m going to recommend his service to my officemates.
The Stock Signals is relatable.
The Stock Signals is relatable. Whether or not you’re a newbie trader or investor, Jaycee weaves his responses according to your knowledge of the topic. The best part of this service is the availability of options for people like me who would like to trade and invest at the same time.
thank you again, Sir
thank you sir jaycee. maraming info nagagamit lalo na kung short term ang plano. thank you again sir.
It is indeed helpful for us newbie in the field.
Thank you, Jaycee for sharing your insights and review on the stock signals! It is indeed helpful for us newbie in the field. Highly appreciated your free newsletter!
big help to me
Good Day Sir,
I just downloaded the file and I’m now reviewing.
It is a very great help. Thank you very much.
May God bless you more.
Best Regards,
Oliver
very interesting
Hi there. Thank you Mr. Jaycee. I’m interested to subscribe and initially try it for 6 months. I will be sending my payment next week.
thank you for the Online Stock Market Courses
I’m a seafarer. I only get the chance to go home once or thrice a year. I want to thank Jaycee and the whole Stock Signals Philippines’ support staff for creating the Online Stock Market Courses. I hate to say that I’m not a natural reader so it’s a plus point that the courses are in a video format. I can listen or watch them in my cabin.
you really make me feel more relaxed now
Thank you so much, Jaycee for what you have shared. Maybe that is all I need, someone to boost my morale so that I can keep on going. You really make me feel more relaxed now. I was really so upset by what I saw on my port before I read your email. Maybe that’s should be the first thing I should learn, the investor mentality 🙂 Again, thank you very much.
Lanie
Great perceptive insight as always
Great perceptive insight as always. I appreciate reading all your analysis as it is very much detailed. Keep it up!
marami na akong natutunan
Napakalaking tulong sa akin ang iyong mga newsletters. Marami na akong natutunan at humahanga ako sa iyong mga basa sa mga gumagalaw na stocks. Thank you dahil nagagabayan mo ako sa aking pagtrade. God bless!
- 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
