$CHIB has been one of the low volatility stocks that you would want to have (10 day Volatility at 4.08%) though it has only been up 1.88% year-to-date. But here's some brief analysis with the stock.
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| Figure 1: CHIB |
$CHIB is currently below 50SMA, but I found an RSI support at 45 level. This may provide a little bit of a bounce.
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| Figure 2: Foreign Flows |
In Foreign flow perspective, it has a net inflow of around Php58M, which is pretty good compared to other stocks. But take note that CHIB is in a narrow range as of the moment, so it needs to take out Php39.5 definitively in order to widen its range.
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| Figure 3: Range Parameters for CHIB |
If I would have to trade it, I would buy it at market price tomorrow (Php37.9) with a stop at Php37.1 and target above Php39.5. That would give me a decent Risk Reward Ratio of 2. Though multiple MVWAP resistance are waiting at around Php38 level.
Statistics are shown below:
| Stock
name |
CHIB |
| Current Price |
37.9 |
| YTD Return |
1.88% |
| 52Wk High |
43 |
| 52Wk Low |
33.5 |
| MVWAP (10
days) |
38.06 |
| MVWAP (20
days) |
38.12 |
| MVWAP (65
days) |
38.11 |
| MVWAP (252
days) |
38.44 |
| YTD Flow |
57,823,264.00 |
| 20D Ave Volume |
83,000 |
| 50D Ave Volume |
101,066 |
| 90D Ave Volume |
96,414 |
CAVEAT!
Disclaimer:
Trading is a risky thing and the post in this site are for educational purposes only. Equities and
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investor by losing money. Thus, do not treat this post as a
recommendation to BUY or SELL a stock or a currency pair. Blog contents
are valid only on the date of publication and will be subject to change
without notice. Thus, the reader is advised to take precaution, and is
recommended to do their own studies before pressing the BUY and SELL
buttons. I will not take any responsibility with the readers trading
results.
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