DITO CME Holdings Corp. (DITO) Technical Analysis
DITO CME Holdings Corp. (DITO) has been trading below its 10-day simple moving average (SMA) for nearly a month already. Today, May 10, 2021, it closed at ₱9.66 per share, down by 1.43 percent, with a total turnover value worth ₱49.40 million.
The foreign investors printed a net foreign buying worth nearly ₱5 million, but they’re not the main drivers of today’s trade for DITO. They’ve lain low in registering a significant net foreign on DITO since the second week of April 2021. Even if the foreign investors are net buyers year-to-date, the smart money’s participation is still not that significant in size.
DITO’s immediate support is pegged at ₱8.50, while its immediate resistance sits near ₱11.42. The lower and higher support and resistance levels, respectively, are shown in the chart below.
Would you like to know if I see a confirmed buy signal for DITO?
Let’s check if the six parameters of my Evergreen Strategy 2.0 when looking for a confirmed buy signal are all bullish.
Firstly, DITO’s still moving below its 10-day SMA. That’s a bearish rating.
Secondly, its Moving Average Convergence Divergence (MACD) is trading above the signal line. That’s a bullish rating.
Thirdly, the last price of ₱9.66 is lower than its volume-weighted average price (VWAP) of ₱9.7322. So, that’s a bearish rating.
Fourthly, the last volume bar is higher than 50 percent of DITO’s 10-day volume average. Again, that’s a bullish rating.
Fifthly, the Dominant Range Index (DRI) of DITO is bearish.
Sixthly, the Market Sentiment Index (MSI) is bearish.
By the way, DITO maintains its low erraticity level due to its 10-day historical volatility score below 50 percent. So, even if it’s still a newbie-friendly stock, it doesn’t mean you should buy it right away. It is for this reason that we’re checking the status of the six parameters I mentioned above.
Dominant Range Index
Dominant Range Index: Bearish
Last Price: ₱9.66
Intraday Low: ₱9.6500
Intraday High: ₱9.8500
VWAP: ₱9.7322
Dominant Range: ₱9.66 – ₱9.80
Market Sentiment Index
Market Sentiment Index: BULLISH
27 of the 41 participating brokers, or 65.85% of all participants, registered a positive Net Amount
29 of the 41 participating brokers, or 70.73% of all participants, registered a higher Buying Average than Selling Average
41 Participating Brokers’ Buying Average: ₱9.72195
41 Participating Brokers’ Selling Average: ₱9.74207
20 out of 41 participants, or 48.78% of all participants, registered a 100% BUYING activity
3 out of 41 participants, or 7.32% of all participants, registered a 100% SELLING activity
Synthesis
Unfortunately, not all six parameters are bullish. Therefore, there’s no confirmed buy signal for DITO as of today’s data based on my Evergreen Strategy 2.0.
Suppose you already have DITO in your portfolio. If that’s the case, you have the option to hold your position. On the other hand, I don’t see a compelling reason to rush in reducing the percentage of risk on your trailing stop because today’s Market Sentiment Index is still bullish. Please review the course manual of my Evergreen Strategy 2.0 in your account as a refresher.
Now, if you are still in the planning stage of adding DITO to your portfolio, I advise that you wait for all the six parameters I mentioned above to turn bullish. Are you one of our subscribers? If yes, you may ask for DITO’s latest Dominant Range Index and Market Sentiment Index in our online discussion board on our website so you can follow the flowchart when identifying a confirmed buy signal for any stock. It’s the course manual of my Evergreen Strategy 2.0, too.
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.
I like your program the most
Hi Jaycee,
It’s me again Anna. I am now in your Serial Investor Package for 6 months. In my 1 week of experiencing it. I really enjoyed it! I love it actually! It is different from TRC and PinoyInvestor which I tried before. I like your program the most. That is why instead of 6 months only I want to make most of your 50% promo. Can I extend my subscription from 6 months to 1 year by completing the money for 1 year subscription? I am hoping you can grant my request.
Have a blessed Sunday!
Thank you, Sir. I really appreciate your inputs.
Thank you, Sir. I really appreciate your inputs.
Keep it up!
Thanks for sharing your knowledge. Keep it up!
I've earned because of you
Jaycee, I’d like to tell you that I was able to earn a good amount by “connecting the dots” on the free technical analysis articles you regularly post on your website. I’m sure I would get more value by becoming a premium member. I’ve subscribed to your Stock Signals for 15 months. I am excited to learn and to earn with your assistance.
helpful information
Thanks a lot, sir. That’s truly a helpful information. I’m hoping to keep in touch with you soon.
kakaiba yung sa inyo sir
Tama nga yung nabasa ko sa isang Facebook group tungko sa iyo sir jaycee, na para ka lang nanonood ng Batibot with the way you explain technical stuff with us sa stock signals program mo po. pinagsabay ko yung TRC at pinoy investor subscription ko dati sir bago pa ako nagsubscribe sa iyo. yung sa TRC makikita rin naman sa COL. yung sa pinoy investor, kung magaling ka lang sa search2x sa google mababasa mo rin naman yung info na binibigay nila. may sarili ka bang software sa pagaanalyze sir? kakaiba yung sa inyo sir. nagpatindi pa yung layman na layman na explanation mo sir. kumpletos-rekados ika nga. madalas di ko na kailangang magtanong dahil nasasagot na agad sa explanation mo sir. tapusin ko lang yung binayad ko sa TRC at Pinoy investor tapos eextend ko pa ng 1 year subscription ko sa stock signals program sir surebol yun. Thank you sir Jaycee!
Your analysis is very useful in my decision making
Your analysis is very useful in my decision making. Thank you very much.
Kudos to you Sir Jaycee! God bless Sir!
Sir! I’m one of your 1st customers since 2014. What I like the most in the Stock Signals Program is that hindi mo kami binibigyan ng jargons. Dun sa kung kanino ako dati nakasubscribe hindi ko alam kung yung analyst lang ang nakakaintindi sa mga sinasabi nila o nagkakacopy and paste lang. Dun sa isa naman buy below price lang tapos parang ang dating e bahala na kaming bumili kung saan namin gusto. Para bang tapos na trabaho nila after nila ibato ang buy below price nila. Sabi mo nga Sir you could have chosen to just give us your buy below price din tulad ng iba but thankfully hindi mo ginawa yun. Kudos to you Sir Jaycee! God bless Sir!
very detailed explanation of your recommendation
Sir Jaycee,
I’m happy that I’ve discovered your Stock Signals Program. I was a TrulyRichClub subscriber until yesterday. My officemate, who happens to be your subscriber since 2014, told me about your Stock Signals Program. He also showed to me what he gets from your program. I must say I was wowed to see how you are so different and better than Truly Rich Club. Indeed, you are not only giving your subscribers a buy below price. You also give them the best buying range in that buy below price. Plus you give a very detailed explanation of your recommendation. How do you manage to do all that the entire trading period every day? Well, please welcome me to your team for I am now a subscriber of yours. Payment has been sent. Cheers!
Louie
Thank you for your assistance
Good day sir jaycee. Ive read it already and am amaze. So far yun lang ang inquiries ko.
Thank you for your assistance. Highly appreciate such gesture.
Will be thinking muna about it since I’m a full time house wife. Will be planning muna where to get the funds.
Thank you again
Cheyenne
- 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
