In this technical analysis for D and L Industries (DNL), I’ll show you the status of the six (6) indicators I monitor to know if the stock has a confirmed buy signal. If all six indicators are bullish, it means the stock has a confirmed buy signal according to my proprietary methodology.
I don’t follow the classical usage of technical indicators. I have my proprietary methodology in using certain technical indicators, which I call The Evergreen Strategy 2.0.
Getting a confirmed buy signal does not mean buying the stock right away. I must compute for my initial trailing stop and reward-to-risk ratio first.
The computation of my reward-to-risk ratio follows after computing for my initial trailing stop. I need to decide for the percentage of risk I’m willing to apply in that particular trade. This process must be done sequentially. To compute my reward-to-risk ratio, I need to identify the stock’s resistance.
For my and clients’ convenience, I created the Trailing Stop Calculator and Reward-to-Risk Ratio Calculator, which you’ll find in the Calculators tab of the Library section of our website.
Let’s take a look at the ratings of the six indicators.
Price vs. 10-day Simple Moving Average (SMA)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO
Volume
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Moving Average Convergence Divergence (MACD) vs. Signal Line
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: NO
Volume-Weighted Average Price (VWAP)
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: NO
Dominant Range Index (DRI)
Parameter 5: Is its Dominant Range Index bullish?
Answer: YES
Dominant Range Index: BULLISH
Last Price: 7.71
VWAP: 7.81
Dominant Range: 7.8 – 7.83
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
28 of the 31 participating brokers, or 90.32% of all participants, registered a positive Net Amount
27 of the 31 participating brokers, or 87.10% of all participants, registered a higher Buying Average than Selling Average
31 Participating Brokers’ Buying Average: ₱7.78242
31 Participating Brokers’ Selling Average: ₱7.78409
18 out of 31 participants, or 58.06% of all participants, registered a 100% BUYING activity
1 out of 31 participants, or 3.23% of all participants, registered a 100% SELLING activity
Verdict
There is NO confirmed buy signal.
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admirable
Hi Sr.Your assumption and explanation regarding technical indicators of stocks are admirable which i knew all those technics to chose which stock for my intra-day investing, but what my concern is about Interring or exit in the best moment after selecting my stocks … I want to know , Can you can assist me during spotting the price for at list one month to see your skills and abilities to interring and exit..!If i will gain i will subscribe and register as your client in your site.Thank you very much
I learned a lot from you
Thank you, Sir! Whenever I have time to read, it’s your newsletter that comes first in my mind. I learned a lot from you. I’d love to receive more emails from you.
I support his Mission to impart knowledge in regards to investments.
I am John Snow
Niluto na nya, inihain na nya ang pagkain, isusubo at lulunukin mo nalang.
I support his Mission to impart knowledge in regards to investments…
Thanks as always. Your articles always amaze me.
Thanks as always. Your articles always amaze me.
I am scouting for a mentor to give me a well verse idea
I am an OFW and nearly to retire for good. I feel investing in stock market when i retire will do me a good mental exercise and financial freedom i should say. I am scouting for a mentor to give me a well verse idea in stock market and how i wish it will be this site, the Stock Signals. I am still a beginner and Stock Signals interest me a lot. I am starting to invest. Looking forward to receive your emails. Thank you very much.
Madetalye sya.
Kapag binabasa mo yung mga post ni Sir Jaycee sa forum, parang live mo syang kausap. Madetalye sya. Ramdam mong sinisugarado nyang naiintidihan mo ang sinasabi nya. Hindi sya yung tipong iispoonfeed ka nya para lang mapabilib ka nya. Didisiplinahin ka nya. Sana hindi sumakit ulo nya sa aming lahat na client nya. Hehe. ?
Very useful and informative for us investors.
Very useful and informative for us investors. Thanks and will continue to follow your email.
very clear explanations
Thank you for your patience and very clear explanations, Jaycee.
You have convinced me very well. I will be arranging my trial 3 month subsciption Serial Investor Package within this week. However, before my subscription expires, I may extend it for another 3, 6 or 12 months further depending on the result in the first 3 months.
It helps me so much.
Jaycee, thank you ever much for sharing your insights. It helps me so much. I am really grateful. Cheers!
very informative
I always read your blog Sir, Jaycee because it’s very informative.
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