DITO CME Holdings Corp. (DITO) Technical Analysis
DITO CME Holdings Corp. (DITO) closed at ₱15.06 per share, down by 6.58 percent, as of closing on March 2, 2021, Tuesday. The total turnover value hit ₱1.3 million.
DITO’s immediate support sits at ₱14.86, while its resistance stands near ₱19.00. If DITO breaks below ₱14.86, the next support will be at ₱10.80.
Local investors were the main drivers of today’s price action. The foreign investors only registered a Net Foreign Selling worth ₱18 million.
Today’s bearish price action is complemented with a bearish volume that is higher than 100 percent of DITO’s 10-day volume average. Foreign investors are inconsistent with their daily Net Foreign Buying.
I see a bearish divergence between MACD and the signal line. The -DMI seconds the motion as it registers a bearish divergence with the +DMI. Take note that the ADX is already higher than 25 points, which favors the bears.
DITO has a high-sensitivity level due to its nearly 76-point 10-day historical volatility.
All signs point to the northward direction with a high-risk level.
Dominant Range Index
Dominant Range Index: Bearish
Last Price: ₱15.06
Intraday Low: ₱15.0200
Intraday High: ₱15.9200
VWAP: ₱15.3871
Dominant Range: ₱15.06 – ₱15.50
There is no confirmed buy signal on DITO as of today’s closing. The last price is lower than DITO’s 10-day volume-weighted average price, and the dominant range is closer to the intraday low than the intraday high.
Market Sentiment Index EOD – March 2, 2021
Market Sentiment Index: BULLISH
6 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱15.3940
Top 10 Players’ Selling Average: ₱15.3914
32 out of 94 participants, or 34.04% of all participants, registered a 100% BUYING activity
4 out of 94 participants, or 4.26% of all participants, registered a 100% SELLING activity
Market Sentiment Index WTD – March 1-2, 2021
Market Sentiment Index: NEUTRAL
7 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱15.6887
Top 10 Players’ Selling Average: ₱15.6653
22 out of 97 participants, or 22.68% of all participants, registered a 100% BUYING activity
5 out of 97 participants, or 5.15% of all participants, registered a 100% SELLING activity
Given the bullish Market Sentiment Index EOD, there’s a chance for DITO to respect the support at ₱14.86. This insight will be invalidated once the Market Sentiment Index EOD becomes neutral or bearish.
Recommendations
Do you have DITO already, and is your trailing stop intact? If your answer is affirmative, hold your position or reduce the percentage of risk on your trailing stop. You can use our trailing stop calculator. Go to our website, click LIBRARY, and click the TOOLS tab. Don’t top up yet unless and until there is a confirmed buy signal. If you’re one of our clients, please request our latest analysis on DITO in our Private Clients Forum.
You don’t have DITO, but you’re planning to do a test-buy? Don’t rush. Wait for a confirmed buy signal. Please wait for the first 5 questions of our Evergreen Strategy 2.0 to be answered with a YES so you’ll get a confirmed buy signal. It’s a bonus of the Market Sentiment Index (prevailing or EOD) is bullish. Once there’s a confirmed buy signal, buy within the prevailing dominant range, which you’ll get from our Dominant Range Index’s statistics. Ask in our Private Clients Forum.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
his analysis is very logical and data driven
his analysis is very logical and data driven
the very first investing service i joined
Equilyst is the very first investing service i joined. Hoping that i will learn a lot from your services to make me a better trader
Understandable for newbie like me.
Understandable for newbie like me.
Evergreen Strategy in Investing
Thanks for your efforts in visiting our city and sharing what you know with us. The seminar is well worth it every penny. After the seminar, I feel like I improved a lot already. Methods are well explained and everything is done with rhyme and reason. This taught me a new take on how to tackle trading and investing. Two thumbs up!
He is nice and always correct the analysis.
He is nice and always correct the analysis.
comprehensive and easy to understand
Dear Jaycee, Your analysis is comprehensive and easy to understand. You are down to earth.
Detailed and balance
Detailed and balance
backed with data
backed with data
very professional
very professional
big help
He is a well-experienced trader and can help me in investing stock market.
- 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
