DITO Analysis: Buy While It’s Above the 10SMA or Wait Near ₱8?

DITO CME Holdings Corp. Technical Analysis

Last May 10, 2021, I wrote that there was no confirmed buy signal for DITO CME Holdings Corp. That means this stock was likely to continue moving toward the southward direction. At that time, DITO was priced at ₱9.66. The next day, it dove to ₱9.50. Then, ₱9.16, ₱8.99, ₱8.10, ₱7.64, and ₱7.64 followed. I don’t see the future, but my Evergreen Strategy 2.0 helps me have a data-driven estimate of what’s more likely to happen instead of just making “guesstimates” based on pure instincts or baseless gut feels. If you think that the accuracy of my analysis on DITO was only a random coincidence, you may want to backtrack the accuracy over a thousand stock analyses I published on this website, not counting the other thousands I published on other websites.

May 10, 2021 Article: DITO Technical Analysis: Buy Now Or Wait Near ₱8.50?

But that was my data-driven sentiment over two weeks ago. Let’s check what today’s data is saying. So, I’d like to give you a fresh analysis of DITO. Does it have a buy signal? Let’s find out with my 6-way test according to my Evergreen Strategy 2.0.

Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: Yes

Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: Yes

Parameter 3: Is its last price higher than its volume-weighted average price?
Answer: Yes

Parameter 4: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: No

Parameter 5: Is its Dominant Range Index bullish?
Answer: Yes

Dominant Range Index: Bullish
Last Price: ₱9.26
Intraday Low: ₱8.5700
Intraday High:
₱9.3500
VWAP: ₱9.0647
Dominant Range: ₱9.20 – ₱9.30

Parameter 6: Is its Market Sentiment Index bullish?
Answer: No

Market Sentiment Index: BEARISH
25 of the 59 participating brokers, or 42.37% of all participants, registered a positive Net Amount
19 of the 59 participating brokers, or 32.20% of all participants, registered a higher Buying Average than Selling Average
59 Participating Brokers’ Buying Average: ₱6.57063
59 Participating Brokers’ Selling Average: ₱6.55062
11 out of 59 participants, or 18.64% of all participants, registered a 100% BUYING activity
18 out of 59 participants, or 30.51% of all participants, registered a 100% SELLING activity
Intraday High: ₱6.9000
VWAP: ₱6.5158
Dominant Range: ₱6.70 – ₱6.87

Synthesis

DITO failed to get a bullish rating for all those six parameters I checked above. Unfortunately, this means DITO has no confirmed buy signal as far as the price action on May 25, 2021 is concerned.

So, what are you going to do if you already have DITO in your portfolio? Hold your position if your trailing stop is intact, but keep your buying power for later. Are you worried? You should not be worried as long as not both Dominant Range Index and Market Sentiment Index are bearish. However, there’s one thing you need to do if both are bearish. You’ll find the flowchart of what you need to do in the course manual of the Evergreen Strategy 2.0 (accessible by our clients only).

If you don’t have DITO yet, don’t do a test-buy unless and until there’s a confirmed buy signal. Feel free to ask for this stock’s latest Dominant Range Index and Market Sentiment Index in our online discussion board on our website so you can analyze as I do on your own. I’ve already taught you how to analyze as I do through the Evergreen Strategy 2.0’s course manual (if you’re one of our clients).

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.

• Author
• Recent Posts

Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

Latest posts by Jaycee De Guzman (see all)

• 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