DFNN, Inc. Technical Analysis
DFNN closed on a positive note on May 7, 2021, Friday, at ₱4.98 per share, up by 20.87 percent. It is the stock’s biggest breakaway gap year-to-date with a total turnover value of ₱148 million.
The immediate support is near ₱4.73, while the immediate resistance is near ₱5.50. Please refer to the chart below for the lower and higher support and resistance levels, respectively.
DFNN has an extremely high erraticity level due to its 10-day historical volatility score of 110 percent.
Foreign investors’ participation isn’t significant, however. They only registered a net foreign selling worth ₱5 million. They are also net sellers year-to-date.
Let’s see if DFNN has a confirmed buy signal based on my Evergreen Strategy 2.0.
Firstly, DFNN’s last price is above its 10-day simple moving average (SMA), which is good.
Secondly, its Moving Average Convergence Divergence (MACD) moves above the signal line, which is good, too.
Thirdly, the last price of ₱4.98 is higher than DFNN’s volume-weighted average price (VWAP) of ₱4.9605, which is bullish.
Fourthly, the last volume bar is higher than 100 percent of DFNN’s 10-day volume average. Again, that’s in favor of the bulls.
Fifthly, the Dominant Range Index (DRI) of DFNN is bullish.
Dominant Range Index
Dominant Range Index: Bullish
Last Price: ₱4.98
Intraday Low: ₱Price
Intraday High: ₱5.4500
VWAP: ₱4.9605
Dominant Range: ₱4.90 – ₱5.00
On the other hand, DFNN’s Market Sentiment Index (EOD) is bearish. Therefore, this is not a confirmed buy signal for those who are yet to enter a new position on this stock.
Market Sentiment Index
Market Sentiment Index: BEARISH
27 of the 60 participating brokers, or 45.00% of all participants, registered a positive Net Amount
24 of the 60 participating brokers, or 40.00% of all participants, registered a higher Buying Average than Selling Average
60 Participating Brokers’ Buying Average: ₱4.92394
60 Participating Brokers’ Selling Average: ₱4.95076
9 out of 60 participants, or 15.00% of all participants, registered a 100% BUYING activity
9 out of 60 participants, or 15.00% of all participants, registered a 100% SELLING activity
Synthesis
Six parameters should get a bullish rating for my Evergreen Strategy 2.0 to issue a confirmed buy signal. But, unfortunately, the sixth parameter got a bearish rating.
If you are yet to enter a new position on DFNN, it’s prudent to wait for a pullback below the support at ₱4.73 or a breakout above the resistance at ₱5.50, especially if you’re a newbie trader or investor. Note that its 10-day historical volatility is higher than 100 percent.
If you already have a position on DFNN and your trailing stop is intact, you have the option to hold your position. Top up within the prevailing dominant range once all the six parameters above are bullish.
Are you one of our clients at Equilyst Analytics? You may request for the updated Dominant Range Index and Market Sentiment Index charts and statistics of DFNN or any stock in our online discussion board as trading happens.
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.
free from the biases
The Stock Signals has given me the confidence I need in long term investing. It is so good to know that I’m following Mr. De Guzman’s guidance that is free from the biases of third-party research, rumors, etc. I like the way Mr. De Guzman answers queries on the forum. He considers the technical know-how of the person who’s asking. I’m going to recommend his service to my officemates.
The Stock Signals is relatable.
The Stock Signals is relatable. Whether or not you’re a newbie trader or investor, Jaycee weaves his responses according to your knowledge of the topic. The best part of this service is the availability of options for people like me who would like to trade and invest at the same time.
thank you again, Sir
thank you sir jaycee. maraming info nagagamit lalo na kung short term ang plano. thank you again sir.
It is indeed helpful for us newbie in the field.
Thank you, Jaycee for sharing your insights and review on the stock signals! It is indeed helpful for us newbie in the field. Highly appreciated your free newsletter!
big help to me
Good Day Sir,
I just downloaded the file and I’m now reviewing.
It is a very great help. Thank you very much.
May God bless you more.
Best Regards,
Oliver
very interesting
Hi there. Thank you Mr. Jaycee. I’m interested to subscribe and initially try it for 6 months. I will be sending my payment next week.
thank you for the Online Stock Market Courses
I’m a seafarer. I only get the chance to go home once or thrice a year. I want to thank Jaycee and the whole Stock Signals Philippines’ support staff for creating the Online Stock Market Courses. I hate to say that I’m not a natural reader so it’s a plus point that the courses are in a video format. I can listen or watch them in my cabin.
you really make me feel more relaxed now
Thank you so much, Jaycee for what you have shared. Maybe that is all I need, someone to boost my morale so that I can keep on going. You really make me feel more relaxed now. I was really so upset by what I saw on my port before I read your email. Maybe that’s should be the first thing I should learn, the investor mentality 🙂 Again, thank you very much.
Lanie
Great perceptive insight as always
Great perceptive insight as always. I appreciate reading all your analysis as it is very much detailed. Keep it up!
marami na akong natutunan
Napakalaking tulong sa akin ang iyong mga newsletters. Marami na akong natutunan at humahanga ako sa iyong mga basa sa mga gumagalaw na stocks. Thank you dahil nagagabayan mo ako sa aking pagtrade. God bless!
- 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
