Doubledragon Properties Corp (DD) failed to close above the resistance at 33.00 once again. Investors show no significant interest in this stock as can be seen by the flimsy daily volume. DD is still in a bearish position since its longer-term simple moving averages are above the shorter-term ones.
While Stochastic Daily shows that DD is neither overbought nor oversold, Stochastic Weekly and Monthly show that this stock is already within the oversold territory. I do not see any signs of reversal as of yet.
As of April 12, 2018, at 03:30PM, the volume is 125.71% of the previous trading day. You can see on the Volume chart below DD’s struggle to surpass its 30-day volume average. This shows that investors have not found the appetite to invest significantly on DD yet.
On a 30-day trading period, DD is on a Net Foreign Selling worth PHP538,677.00.
If you monitored DD’s minute-by-minute price movement today, you knew that DD painted a naturally declining price direction in the entire day. So, this price at 31.50 may act either as a support or resistance by the next trading day.
Participants with a 100% Buying and Selling Activity as of Apr-12-2018 at 03:30PM:
- 16 out of 34 participants or 47.06% of all participants registered a 100% BUYING activity
- 7 out of 34 participants or 20.59% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 32.0127
- Top 10 Players’ Selling Average: 32.2248
I would say that it was an “anemic” day for DD today. None of the top 10 players of DD today registered an 8-figure total turnover value (TTV). You know investors do not see any compelling reason to trade a security heavily when none of the top 10 players have an 8-figure TTV.
This is Top 10 Players chart below is only an end-of-day chart. Would you like to know our insights based on the 2-month, month-to-date, and week-to-date Top 10 Players chart of your stock and not just its end-of-day chart? You will get that with our Daily Stock Analysis.
I strongly suggest that you also subscribe to the Private Clients Forum so you can request for your stock’s latest Top 10 Players chart especially during recess. You’ll find it useful because you will know the buying and selling averages of the top 10 players individually and as a whole. What makes that information important? When you know the buying and selling averages of the top 10 players of a stock, you know which price they possibly see as a cut-loss point, top-up point, or a selling point.
DD has a low-risk level as of today. If you’re a beginner, I suggest that you filter stocks with a low- to moderate-risk level. If you’re someone who has the time to be an active trader, you would want to check stocks with a moderate- to extremely high-risk levels. You can check the individual risk levels of all stocks listed on the Philippine Stock Exchange and rank them either in a descending or ascending order through our Stock Ranking System. Save yourself some time. None of the brokers in the Philippines have this tool.
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