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.
Information provided is very helpful
Information provided is very helpful.
very informative to many
I am always anticipating your analysis…very informative to many. Thank you…God bless you always!
very informative and easy to understand
I have been a subscriber of the Stock Signals free newsletter for quite some time now. I found it very informative and easy to understand. In fact, some of the investments I made came from your analysis. I’m actually saving to be able to subscribe to the premium Stock Signals.
I learn much
I learn much useful information from you that guide me in my trading.
Great tips. Thanks for lots of info.
Great tips. Thanks for lots of info.
Very informative and helpful analyses
Very informative and helpful analyses.
Nice and Excellent! Very helpful.
Nice and Excellent! Very helpful.
The more I appreciated stock trading
I just started learning stock trading. At first, I don’t know how to spot good stocks but with Sir Jaycee’s help, I was guided. The more I appreciated stock trading.
Highly recommended for others
Highly recommended for others and info is updated to the current stock market trend. Using your insights into my trading.
Your newsletters are very informative
Hello Jaycee,
Thank you so much! Your newsletters are very informative. Please make me a part of your distribution list.
Thank you again and God bless you more.
- 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
