DFNN Analysis: Buy on Breakout?

DFNN (PSE:DFNN) closed at ₱5.2 per share as of 03:30 PM GMT+8 on January 24, 2020. It went up by 9.47 percent.

The Total Turnover Value was ₱1,601,440.00. The local traders were the main drivers of DFNN today.

Foreign investors haven’t traded DFNN year-to-date.

The immediate support is near ₱4.70, while the immediate resistance is near ₱5.50.

Our 10SMACD combo is bullish.

DFNN’s risk level is high due to its historical volatility score of 76.71 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 5.2
VWAP: ₱5.37396
Dominant Range: ₱5.2 – ₱5.5

The Momentum Power Indicator of DFNN is bearish.

True Market Sentiment – EOD

True Market Sentiment on DFNN as of Jan-24-2020 at 03:30PM with a last price of ₱5.20
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱5.2993
Top 10 Players’ Selling Average: ₱5.3297
Bonus Info:
7 out of 18 participants or 38.89% of all participants registered a 100% BUYING activity
8 out of 18 participants or 44.44% of all participants registered a 100% SELLING activity

Recommendations

Do you have DFNN in your portfolio already?

If your trailing stop is still intact, we recommend that you hold your position for now. Even if its 10SMACD is already bullish, its Momentum Power Indicator is still bearish. There’s no buy signal confirmation yet.

You don’t have DFNN yet but are you planning to enter a new position?

Do not do a test-buy yet. You’re better off waiting for a breakout above the resistance at ₱5.50 so you’ll get a better potential reward than your potential risk. By the time it happens, hopefully, the Momentum Power Indicator is already bullish.

Are you a subscriber of Equilyst Analytics? You may request our latest technical analysis of DFNN in our Private Clients Forum when you see a significant change in its price or volume.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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