This post should have been posted last weekend however I was hooked up with other important activities (better late than never).
The Philippine Stock Exchange Index (PSEi) dropped by 2.9% week-on-week, as investors took profit prior to the announcement of Philippine first quarter GDP results and even fell further when the actual GDP growth was released (5.2%), that is 1.4% lower than the estimate.
Let’s review how our Stocks in Focus got affected by this profit taking:
URC – Both Weekly and Daily registers a BUY signal while Monthly remains a SELL signal. TDO Score even more interesting now at 80.59%
ANS – All time frame registers a NEUTRAL signal with slight increase in TDO Score at 72.20%
EEI – Heavily sell off last week that signal a STRONG BUY both on Monthly and Daily time frame, while a NEUTRAL signal on Weekly. However, TDO Score slightly down to 69.40% compared to last week’s 75.47%.
The table below shows the technical overviews and analysis for our Stock in Focus, based on market activity at the end of Friday’s (May 29) session. This information is a comprehensive summary derived from simple moving averages along with key technical indicators shown for specific time intervals. This is however, not a recommendation to buy or sell any stocks listed below. The Dividend Observer provides ONLY DIVIDEND STOCKS IDEAS that merit further research before you finally invest your hard earned money. I always check on my chart before I press the BUY or SELL button and I’m happy to share with you what Stock am I tracking.
|Indicators||STRONG BUY||SELL||STRONG BUY|
|Summary||STRONG BUY||NEUTRAL||STRONG BUY|
Just for our reference, I keep the Technical Overview last week May 22.
Which stocks are you planning to take position in the near future?
Thanks for reading and wishing you all the BEST!