FREE Technicals Talk: SMPH (3 Mar 2017) by Regina Capital Development Corp.

The “Technicals Talk” section summarizes our partner brokers’ technical analysis of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used in short-term trading. Learn how you can use this report in this PinoyInvestor guide.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
SMPH SM Prime Holdings Regina Capital Development Corp. 3 Mar 2017 28.45 / 27.95 30.17

 

SMPH has been trading sideways to down due to lack of momentum. It is currently below its 20-day and 50-day MAs.

Indicators are showing that the decline will continue. ADX is still below the 20 level while -DI is above the +DI.

Also, signal line is above the MACD and histogram is below zero. The momentum is also decreasing and it will test its strong support of 100-d MA and 50% fibo at 28.45.

 

Our Partner Broker’s Recommendation

Sell SMPH on rallies.

 

See all reports for this stock here.

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

Regina Capital Development Corporation
Regina Capital Development Corporation

Regina Capital Development Corporation is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.