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.
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
