DITO CME Holdings Corp. (DITO) Technical Analysis
DITO CME Holdings Corp. (DITO) has been trading below its 10-day simple moving average (SMA) for nearly a month already. Today, May 10, 2021, it closed at ₱9.66 per share, down by 1.43 percent, with a total turnover value worth ₱49.40 million.
The foreign investors printed a net foreign buying worth nearly ₱5 million, but they’re not the main drivers of today’s trade for DITO. They’ve lain low in registering a significant net foreign on DITO since the second week of April 2021. Even if the foreign investors are net buyers year-to-date, the smart money’s participation is still not that significant in size.
DITO’s immediate support is pegged at ₱8.50, while its immediate resistance sits near ₱11.42. The lower and higher support and resistance levels, respectively, are shown in the chart below.
Would you like to know if I see a confirmed buy signal for DITO?
Let’s check if the six parameters of my Evergreen Strategy 2.0 when looking for a confirmed buy signal are all bullish.
Firstly, DITO’s still moving below its 10-day SMA. That’s a bearish rating.
Secondly, its Moving Average Convergence Divergence (MACD) is trading above the signal line. That’s a bullish rating.
Thirdly, the last price of ₱9.66 is lower than its volume-weighted average price (VWAP) of ₱9.7322. So, that’s a bearish rating.
Fourthly, the last volume bar is higher than 50 percent of DITO’s 10-day volume average. Again, that’s a bullish rating.
Fifthly, the Dominant Range Index (DRI) of DITO is bearish.
Sixthly, the Market Sentiment Index (MSI) is bearish.
By the way, DITO maintains its low erraticity level due to its 10-day historical volatility score below 50 percent. So, even if it’s still a newbie-friendly stock, it doesn’t mean you should buy it right away. It is for this reason that we’re checking the status of the six parameters I mentioned above.
Dominant Range Index
Dominant Range Index: Bearish
Last Price: ₱9.66
Intraday Low: ₱9.6500
Intraday High: ₱9.8500
VWAP: ₱9.7322
Dominant Range: ₱9.66 – ₱9.80
Market Sentiment Index
Market Sentiment Index: BULLISH
27 of the 41 participating brokers, or 65.85% of all participants, registered a positive Net Amount
29 of the 41 participating brokers, or 70.73% of all participants, registered a higher Buying Average than Selling Average
41 Participating Brokers’ Buying Average: ₱9.72195
41 Participating Brokers’ Selling Average: ₱9.74207
20 out of 41 participants, or 48.78% of all participants, registered a 100% BUYING activity
3 out of 41 participants, or 7.32% of all participants, registered a 100% SELLING activity
Synthesis
Unfortunately, not all six parameters are bullish. Therefore, there’s no confirmed buy signal for DITO as of today’s data based on my Evergreen Strategy 2.0.
Suppose you already have DITO in your portfolio. If that’s the case, you have the option to hold your position. On the other hand, I don’t see a compelling reason to rush in reducing the percentage of risk on your trailing stop because today’s Market Sentiment Index is still bullish. Please review the course manual of my Evergreen Strategy 2.0 in your account as a refresher.
Now, if you are still in the planning stage of adding DITO to your portfolio, I advise that you wait for all the six parameters I mentioned above to turn bullish. Are you one of our subscribers? If yes, you may ask for DITO’s latest Dominant Range Index and Market Sentiment Index in our online discussion board on our website so you can follow the flowchart when identifying a confirmed buy signal for any stock. It’s the course manual of my Evergreen Strategy 2.0, too.
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.
equips me with the knowledge and tools I needed prior to investing and trading
Thanks for the information you are sharing. It equips me with the knowledge and tools I needed prior to investing and trading. Pls, continue to send me helpful articles.The terminologies are too many which make me so reluctant at first but you make it simpler to understand esp to a neophyte like me.Thank you very much and may God bless you more.
It helps me a lot in my trading and to spot a good and bad stock
It helps me a lot in my trading and to spot a good and bad stock. I’m grateful to you for helping newbies like me. Would very much like to learn your ways of analyzing technical and fundamentals analysis of all stock in the PSE. Thanks and God Bless.
Nice, helpful and informative...
Nice, helpful and informative…
the contents are well-packaged and of high quality
STOCK SIGNALS is one of the most popular free newsletters for finding and sharing stocks information out there, in fact, the contents are well-packaged and of high quality, it’s the RIGHT PLACE to go, if you are looking for news about a particular stock, thanks a lot. Sir JAYCEE, good luck!
Thank you Sir Jaycee for helpful stocks review.
Thank you Sir Jaycee for helpful stocks review.
the subscription is a great help for me
The subscription is a great help for me since I am still learning how to do stocks. Thank you.
I'm more ready to invest more
I’m a newbie and I appreciate that the Stock Signals Philippines is for both traders (for times I can monitor stocks every day) and investors (for times I have to concentrate on work instead). An added bonus is that it’s free. I’ll commit more when I’m more ready to invest more. Thank you, sir Jaycee.
Very helpful insights from an expert
Very helpful insights from an expert. Thank you so much Sir for all your help….
increase your rate upon reading this review
After seeing how Jaycee guides us in the Stock Signals, I felt I just wasted 12 months of my time and money in the Truly Rich Club of Bo. I only paid 400 pesos per month in the Stock Signals. I was paying 495 a month in TRC. Jaycee, I hope you won’t increase your rate upon reading this review. I appreciate all your help.
Very informative and thank you for sharing.
Very informative and thank you for sharing.
- 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
