DITO CME Holdings Corp. Technical Analysis
Last May 10, 2021, I wrote that there was no confirmed buy signal for DITO CME Holdings Corp. That means this stock was likely to continue moving toward the southward direction. At that time, DITO was priced at ₱9.66. The next day, it dove to ₱9.50. Then, ₱9.16, ₱8.99, ₱8.10, ₱7.64, and ₱7.64 followed. I don’t see the future, but my Evergreen Strategy 2.0 helps me have a data-driven estimate of what’s more likely to happen instead of just making “guesstimates” based on pure instincts or baseless gut feels. If you think that the accuracy of my analysis on DITO was only a random coincidence, you may want to backtrack the accuracy over a thousand stock analyses I published on this website, not counting the other thousands I published on other websites.
May 10, 2021 Article: DITO Technical Analysis: Buy Now Or Wait Near ₱8.50?
But that was my data-driven sentiment over two weeks ago. Let’s check what today’s data is saying. So, I’d like to give you a fresh analysis of DITO. Does it have a buy signal? Let’s find out with my 6-way test according to my Evergreen Strategy 2.0.
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes
Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: Yes
Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: No
Parameter 5: Is its Dominant Range Index bullish?
Answer: Yes
Dominant Range Index: Bullish
Last Price: ₱9.26
Intraday Low: ₱8.5700
Intraday High:
₱9.3500
VWAP: ₱9.0647
Dominant Range: ₱9.20 – ₱9.30
Parameter 6: Is its Market Sentiment Index bullish?
Answer: No
Market Sentiment Index: BEARISH
25 of the 59 participating brokers, or 42.37% of all participants, registered a positive Net Amount
19 of the 59 participating brokers, or 32.20% of all participants, registered a higher Buying Average than Selling Average
59 Participating Brokers’ Buying Average: ₱6.57063
59 Participating Brokers’ Selling Average: ₱6.55062
11 out of 59 participants, or 18.64% of all participants, registered a 100% BUYING activity
18 out of 59 participants, or 30.51% of all participants, registered a 100% SELLING activity
Intraday High: ₱6.9000
VWAP: ₱6.5158
Dominant Range: ₱6.70 – ₱6.87
Synthesis
DITO failed to get a bullish rating for all those six parameters I checked above. Unfortunately, this means DITO has no confirmed buy signal as far as the price action on May 25, 2021 is concerned.
So, what are you going to do if you already have DITO in your portfolio? Hold your position if your trailing stop is intact, but keep your buying power for later. Are you worried? You should not be worried as long as not both Dominant Range Index and Market Sentiment Index are bearish. However, there’s one thing you need to do if both are bearish. You’ll find the flowchart of what you need to do in the course manual of the Evergreen Strategy 2.0 (accessible by our clients only).
If you don’t have DITO yet, don’t do a test-buy unless and until there’s a confirmed buy signal. Feel free to ask for this stock’s latest Dominant Range Index and Market Sentiment Index in our online discussion board on our website so you can analyze as I do on your own. I’ve already taught you how to analyze as I do through the Evergreen Strategy 2.0’s course manual (if you’re one of our clients).
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
makes me more interested in learning the technicalities of trading
Hi sir Jaycee, I am a newbie guy in the stock market, although I entered it some 2 years ago, putting tiny bits of earned money in my Col Account. Even so, it didn’t earn anyway except that nakatsamba ako ng konti sa DD(pero luge naman sa rest of the stocks). I don’t have an idea how it happened and would like to know how market behaves and how to beat that behavior so that I can make the tsamba happen again (it would not be tsamba anymore diba). Your free help (free emails) makes me more interested in learning the technicalities of trading. Somehow it connects to the newbie state of my brain and keeps the fire burning.Thank you!
very informative
I am new to Stock Market but I found your articles very informative.
helps me understand what to check
I came across your site via Investagrams as I was also observing how people analyze stocks. I was glad I saw Stock Signals as Jaycee’s analysis helped me understand what to check out when deciding in buying and selling your chosen stocks. I was immediately convinced to avail his plan as I want to learn more given I have a busy schedule with work also. Looking forward to your daily newsletter and if given more time, I want to backread all your articles.
better than Truly Rich Club
I came across Stock Signal when looking for TRC reviews, I find yours better, but I am skeptical to subscribe, so I register for a free subscription which is so far informative and helpful, a daily dose of knowledge I just needed to keep intact with my goals as an investor. I hope I can find strong reasons to completely subscribe to Stock Signals.
been really a fan of how you present your analyses
Hi Sir Jaycee, Been really a fan of how you present your analyses. Having the activities per stock& broker (i.e. Foreign and Local) is a very nice consideration for our trades. Thank you for having them recorded for us. Though I’m a free subscriber for now, I make it sure to read your mails/blogs in the morning during breakfast and evening before going to sleep. Wondering how much more that would be if i finally subscribe and be your official follower. I’ll be assessing my costs/losses vs the gains that i incur so i could decide to subscribe soon.. Please keep it up!
helpful
As a long-term investor, stock and investment reviews are helpful like what you provide. Thank you.
I really learned a lot
Hi Jaycee, I’m a newbie in stock trading, but when I subscribed to your free newsletter, I really learned a lot. I will definitely subscribe to your premium soon.
the contents are very informative
Hi, Jaycee. Thank you for sending your newsletters for free. I would say the contents are very informative. I’m learning the methods you implicitly show on each article. Keep up the good work. I admire the enthusiasm.
thank you for helping us
I really appreciate your analysis in stock trading. Please continue writing and please advise reading materials for our reference. It’s nice to have someone like you helping us some insights regarding the stock market. Keep it up. God bless
very good insights on trading...
very good insights on trading…
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
