I look at the Change % of the stock for me to determine if there’s an opportunity to make money from it.
What’s the significance of the Change % for me?
Most traders or investors, especially the relatively new ones, are quick to ignore stocks with a negative Change %.
In fact, the bigger the negative Change %, the more excited I become in wanting to check that stock. I want to check if the sellers are reaching an exhaustion level already. I want to check if there’s a diminishing appetite to sell the stock as it dives toward its support level.
“What’s up with those signs of selling exhaustions?” you might ask.
Those are signs of a reversal of sentiment from bearish to bullish.
When you have the ability to spot signs of reversals, you can get a better position earlier than most traders.
But what if the Change % is positive?
One of the myths of stock trading and investing is this: “Anything that has a positive Day Change % is profitably tradable.”
I don’t subscribe to that idea without checking if the stock still has more gas to drive not only toward the resistance level but also to break above it.
If volume is getting thinner, relative to the size of the daily volume of the previous trading days, as it inches closer to its resistance level, especially when the volume weighted average price is starting to position itself closer to the intraday low than the intraday high, that could be a sign of a weakening upward momentum.
The reward-to-risk ratio looks unattractive for me when the price is closer to its resistance than its support level and you spot a weakening upward momentum.
If you want to know the details of how I exactly do it, attend one of my The Evergreen Strategy in Trading the Philippine Stock Market seminars in your area. Click here to check the availability of this seminar in your area and to buy your ticket.
The purpose of this article is to share with you the ranking of the 30 bluechip (index) stocks based on their Change % for the past 12 months. Everything I’ve said above is just my bonus information for you.
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I am Jaycee De Guzman, founder and Chief Executive Officer of Equilyst Analytics, Inc. My mission is to simplify stock trading and investing in the Philippine Stock Exchange using my proprietary evergreen strategy in stock trading and investing. My vision is to level up at least 1,000,000 Filipino stock traders and investors by 2030. I will make it happen.