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.
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
