DNL Technical Analysis: Are We Going to See It Lower Than ₱8.00?

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D and L Industries, Inc. (PSE:DNL) is priced at ₱8.26 per share as of 03:30 PM GMT+8 on November 5, 2019. It is down by 2.71 percent.

The Total Turnover Value is at ₱74,070,402.00. The foreign traders are the main drivers of DNL today.

D and L Industries, Inc (DNL) - Trade Volume Distribution EOD - 11.5.2019

Foreign investors registered a Net Foreign Selling worth ₱14,260,021.00. They are net sellers year-to-date.

The immediate support is near ₱7.62, while the immediate resistance is near ₱9.30.

My 10SMACD combo is bearish.

DNL’s risk level is low due to its historical volatility score of 27.07 percent.

Trade-Volume Distribution Analysis

Last Price: 8.26
VWAP: 8.31635
Most Traded: 8.26 – 8.28
Most Voluminous: 8.26 – 8.28

D and L Industries, Inc (DNL) - Trade Volume Distribution EOD - 11.5.2019

The Momentum Power Indicator of DNL is bearish because all 4 elements are bearish.

It’s more than likely for the price to either move sideways or go down because the 10SMACD and the Momentum Power Indicator are not yet both bullish.

True Market Sentiment – EOD

True Market Sentiment on DNL as of Nov-05-2019 at 03:30PM, with a last price of 8.2600.
True Market Sentiment: BULLISH
6 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 8.3271
Top 10 Players’ Selling Average: 8.3150
Bonus Info:
26 out of 47 participants or 55.32% of all participants registered a 100% BUYING activity
7 out of 47 participants or 14.89% of all participants registered a 100% SELLING activity

D and L Industries, Inc (DNL) - Trade Volume Distribution EOD - 11.5.2019

True Market Sentiment – WTD

True Market Sentiment on DNL from Nov-04-2019 to Nov-05-2019 at 03:30PM, with a last price of 8.2600.
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: 8.3678
Top 10 Players’ Selling Average: 8.3739
Bonus Info:
25 out of 53 participants or 47.17% of all participants registered a 100% BUYING activity
7 out of 53 participants or 13.21% of all participants registered a 100% SELLING activity

D and L Industries, Inc (DNL) - Trade Volume Distribution EOD - 11.5.2019

Have you already watched the video-on-demand version of my Evergreen Strategy in Trading and Investing in the Philippine Stock Market? I discussed in that video how I find the best candidate stocks for your watchlist, how to know the true market sentiment, how to know if the trend is more than likely to continue, how to find confirmed buy signals, how to find the best price range where I buy, and how I sell more logically and less emotionally.

After watching the video, you will know how to analyze exactly how I analyze. Click here for more information.

Recommendations

If you have DNL in your portfolio right now, there’s no better way to preserve your capital than using a trailing stop. If you have no idea what a trailing stop is, please read “4 Reasons Why You Must STOP Using a Buy Below Price and a Target Selling Price“.

Ignore the dips and focus on waiting for the 10SMACD and the Momentum Power Indicator to become bullish. There’s no sense buying the dips since the downtrend is still more than likely to continue. Again, read the article I mentioned above.

On the other hand, I would like to encourage you to wait for the 10SMACD and Momentum Power Indicator to become bullish BEFORE you calculate your reward-to-risk ratio in preparation for a test-buy. I don’t see any sign of an exhaustion from the sellers yet. Let them get tired of selling for now.

Given today’s bullish True Market Sentiment, let’s see tomorrow if it can maintain its position above the ₱8.00 level. So far, some members of the top 10 brokers today were attracted to buy today’s dips. If these confident buyers only had a bigger total turnover value, DNL would have closed the day with a green candlestick.

Regardless whether you already have a position on this stock or you’re yet to enter a new position, it’s best that you ask for our latest analysis and recommendation in our Private Clients Forum so we can tell you if the technical buy indicators are still intact. Also, this enables us to tell you the newest dominant range of the stock so you can buy strategically. If you’re a subscriber of Equilyst Analytics, you have an access to our Private Clients Forum.

Jaycee De Guzman

Jaycee Silverio de Guzman is a computer scientist by profession. He is the founder and CEO of iPresence Digital Marketing, Inc. and Equilyst Analytics, Inc. He is a husband and a father.
Jaycee De Guzman

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