STOCK IN FOCUS: FIRST PHILIPPINE HOLDINGS CORPORATION (FPH)

Figure 1: FPH Price Chart

Price and moving averages:
FPH has closed below its Short time moving average.
Short time moving average is currently above mid-time, and above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.

Bollinger Bands:
FPH has closed below upper band by 47.2%.
Bollinger Bands are 7.4% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Historical Volatility:

50 day Historical Volatility is 33% (desired: greater than 40%).

6/100 day ratio Historical Volatility is 0.85 ( desired: less than 0.50).

Trend Direction and Strength:

FPH is moving upward in a weak trend strength.

Support/Resistance Lines:

Support: 48.5
Resistance: 49 then at 53

Figure 2. Other Technical Indicators

RSI:

The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 48.99.  This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 50 periods ago.

Stochastic:

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 41.94.  This is not an overbought or oversold reading.  It just triggered the buy signal.

MACD:

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 2 periods ago.