PLDT, Inc. Technical Analysis
PLDT, Inc. (PSE:TEL) went up by 1.70 percent, closing at ₱1,313.00 per share, with a total turnover value worth ₱258.50 million on March 17, 2021.
It was a close fight between the local and foreign investors regarding who’s going to be the day’s main price driver. The local investors prevailed, leaving the foreign investors with a net foreign buying worth ₱84.40 million. Foreign investors are still net sellers year-to-date, however. Please note that the foreign investors are pretty consistent with their daily net selling since February 2021.
TEL’s moving above the immediate support at ₱1,278.00 and below the immediate resistance at ₱1,490.00.
TEL also managed to recover above its 10-day SMA after moving below it since Monday this week.
While TEL’s MACD is moving the signal line, its -DMI is still hovering its +DMI. On the other hand, I see the formation of a bullish convergence between the -DMI and the +DMI. TEL must move higher to turn that form into a confirmed bullish reversal as far as the DMI is concerned.
TEL is known for having a low sensitivity level in terms of the erraticity of its price action. As of today, it has a 10-day historical volatility score of nearly 31.50 percent. It’s still far from having a moderate sensitivity level. This means that no huge gaps were spotted, at least in the past 10 trading days. This stock remains a newbie-friendly stock, so to say.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱1,313.00
Intraday Low: ₱1,298.0000
Intraday High: ₱1,316.0000
VWAP: ₱1,308.1585
Dominant Range: ₱1,305.00 – ₱1,313.00
Market Sentiment Index – EOD – March 17, 2021
Market Sentiment Index: BEARISH
3 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: ₱1308.0088
Top 10 Players’ Selling Average: ₱1308.1944
6 out of 38 participants, or 15.79% of all participants, registered a 100% BUYING activity
12 out of 38 participants, or 31.58% of all participants, registered a 100% SELLING activity
Market Sentiment Index – WTD – March 15-17, 2021
Market Sentiment Index: BEARISH
4 of the top 10 brokers registered a positive Net Amount
2 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1288.7233
Top 10 Players’ Selling Average: ₱1293.9264
11 out of 62 participants, or 17.74% of all participants, registered a 100% BUYING activity
10 out of 62 participants, or 16.13% of all participants, registered a 100% SELLING activity
Market Sentiment Index – MTD – March 1-17, 2021
Market Sentiment Index: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱1303.5532
Top 10 Players’ Selling Average: ₱1303.4178
23 out of 88 participants, or 26.14% of all participants, registered a 100% BUYING activity
4 out of 88 participants, or 4.55% of all participants, registered a 100% SELLING activity
Recommendations
TEL has a confirmed buy signal according to my Evergreen Strategy 2.0. But I suggest that you consider the neutral average Market Sentiment Index of the three timeframes in your decision.
Do you already have TEL? Is your trailing stop intact? If that’s your case, you may buy more shares within the prevailing dominant range. It’s also a valid reason to hold your position due to the three timeframes’ neutral average Market Sentiment Index.
You may also do a test-buy within the prevailing dominant range if you’re planning to add TEL to your portfolio.
If and when the prevailing dominant range of TEL doesn’t show up within the first 3 minutes of the next trading day, please request this stock’s latest dominant range in our Private Clients Forum (for our subscribers only). Take note that the stock’s dominant range is subject to change, and those changes sometimes happen every second.
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.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
Information provided is very helpful
Information provided is very helpful.
very informative to many
I am always anticipating your analysis…very informative to many. Thank you…God bless you always!
very informative and easy to understand
I have been a subscriber of the Stock Signals free newsletter for quite some time now. I found it very informative and easy to understand. In fact, some of the investments I made came from your analysis. I’m actually saving to be able to subscribe to the premium Stock Signals.
I learn much
I learn much useful information from you that guide me in my trading.
Great tips. Thanks for lots of info.
Great tips. Thanks for lots of info.
Very informative and helpful analyses
Very informative and helpful analyses.
Nice and Excellent! Very helpful.
Nice and Excellent! Very helpful.
The more I appreciated stock trading
I just started learning stock trading. At first, I don’t know how to spot good stocks but with Sir Jaycee’s help, I was guided. The more I appreciated stock trading.
Highly recommended for others
Highly recommended for others and info is updated to the current stock market trend. Using your insights into my trading.
Your newsletters are very informative
Hello Jaycee,
Thank you so much! Your newsletters are very informative. Please make me a part of your distribution list.
Thank you again and God bless you more.
- 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
