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.
such a brilliant person and mentor
Hi sir Jaycee. Good day to you. Thank you for all the hard work you did, for being such a brilliant person and mentor. Super thankful po sa mga binibigay nyo na ”BUY SIGNAL” everyday and personal emails pag meron pong ”sell alert”. All the blog /info you wrote everyday about stocks, support and resistance, appreciate it so much.Malaki na po ng lost ko sa stock investing before po ako nagpa member dito sa inyo. I wanted to quit na sana before, but THANK GOD I found your blog. You save me from losing all my money. Dahil po sa inyo unti unti ko na po na recover ang lost ko. Million thank you po talaga.More power to you sir. God bless!
I hope more newbies will come across your daily articles
Your insights are a welcome relief to people who have losses because of hyped up stocks. I hope more newbies will come across your daily articles and learn to trade the right way.
Thank you hope you continue to do this job
Everything is great and wonderful. It’s been like I’ve been receiving a costly research for free from Jaycee. Thank you hope you continue to do this job, for the sake of the newbies like us. Have a great day always, more blessings to come and profit bro.
Wow. Very thorough.
Wow. Very thorough. Will review the links posted. Realized there’s so much more I need to know! Thank you, Jaycee.
Very helpful and informative
Very helpful and informative, Sir Jaycee. It helps me in maintaining my portfolio green.
The level of detail that you deliver is so helpful for me
Sir Jay, up to now, I’m still in great awe as to how you manage the Stock Signals Program for us. The level of detail that you deliver is so helpful for me. You explain your daily analysis in my level of understanding. You’re a total opposite of the other newsletter-based programs I had joined prior to your program. The more newsletters they sent, the more confused I was. But the more you write, the clearer it gets. I think I would still remain as your subscriber even when the subscription fee goes back to 1000 pesos a month. What you’re providing is definitely worth more that. God bless you more Sir Jay. – Misael
very helpful to me and for the other newbies
Thank you very much, Sir Jaycee. This info was very helpful to me and for the other newbies as well.
problem solved ako
Bilang isang OFW medyo challenging sa akin ang pagiinvest sa stock market. Kahit may internet ako at pwedeng magresearch nosebleed pa rin minsan. Kahit basahin ko ng basahin, kung walang mageexplain sa akin wala rin. Pero because of the Stock Signals of Mr. Jaycee, problem solved ako. May guidance sa Top Stock Picks. Kapag di ko maintindihan, pwede pang magtanong sa forum o kaya magbasabasa dun sa mga tanong ng iba na nasagutan ni Sir.
accurate stock information
Almost accurate stock information with corresponding data to back up the analysis. Surely this has helped me from my beginner’s experience as an investor for stock market. Thanks
Very helpful thanks!
Very helpful thanks!
- 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
