DD Stock Analysis: Buy Because It’s Trading Above the 10SMA?

DoubleDragon Properties Corp. (PSE:DD) is priced at ₱19.8 per share as of 03:30 PM GMT+8 on November 26, 2019. It is up by 5.77 percent.

The Total Turnover Value is at ₱9,228,856.00. The local traders are the main drivers of DD today.

Foreign investors registered a Net Foreign Buying worth ₱7,076,740.00. They are net buyers year-to-date, but their participation is insignificant.

The immediate support is near ₱18.70, while the immediate resistance is near ₱21.00.

My 10SMACD combo is bearish.

DD’s risk level is low due to its historical volatility score of 44.25 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 19.8
VWAP: ₱19.26692
Dominant Range: ₱18.96 – ₱19.04

The Momentum Power Indicator of DD is bullish because all 4 of 4 elements are bullish.

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 bullish.

True Market Sentiment – EOD

True Market Sentiment on DD as of Nov-26-2019 at 03:30PM, with a last price of ₱19.80
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱19.0761
Top 10 Players’ Selling Average: ₱19.1442
Bonus Info:
7 out of 20 participants or 35.00% of all participants registered a 100% BUYING activity
7 out of 20 participants or 35.00% of all participants registered a 100% SELLING activity

True Market Sentiment – WTD

True Market Sentiment on DD from Nov-25-2019 to Nov-26-2019 at 03:30PM, with a last price of ₱19.80
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱18.9876
Top 10 Players’ Selling Average: ₱19.0858
Bonus Info:
8 out of 25 participants or 32.00% of all participants registered a 100% BUYING activity
6 out of 25 participants or 24.00% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on DD from Nov-04-2019 to Nov-26-2019 at 03:30PM, with a last price of ₱19.80
True Market Sentiment: NEUTRAL
4 of the top 10 brokers registered a positive Net Amount
8 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱19.8050
Top 10 Players’ Selling Average: ₱19.6841
Bonus Info:
23 out of 65 participants or 35.38% of all participants registered a 100% BUYING activity
8 out of 65 participants or 12.31% of all participants registered a 100% SELLING activity

Recommendations

Do you have DD in your portfolio already?

If you’re one of our subscribers, I know you don’t have DD in your portfolio unless you violated the principles of our Evergreen Strategy. If you’re going to tell me that you really have it in your portfolio because your trailing stop has not been hit yet, I know you’re joking. DD has been in a downtrend since the second week of June 2019. Common sense tells us that we should not buy a stock that is more than likely to continue moving downward.

You don’t have DD, but are you planning to do a test-buy?

Do not hurry. Mind you, the True Market Sentiment is bearish week-to-date. Wait for the 10SMACD and Momentum Power Indicator to become bullish. If you’re one of our subscribers, you can post a request of our latest analysis and recommendation on DD (or any stock) in our Private Clients Forum.

Try our stock market subscription service so we can guide you further. You will receive a daily video for short-term trading. You will access our investment guide for long-term investing, which we update four times a day. You will be able to ask for our analysis and recommendation in our forum. You will have an access to our Study Room where you can test your knowledge and earn a 20% commission when someone subscribes through your affiliate links. You will also be able to open an online stockbroker’s account with First Metro Securities for free. Plus, you’ll have a 2-month free access to FirstMetroSec PRO, the most advanced online stock trading platform in the Philippines.

Also, we highly recommend that you watch our online stock market course called The Evergreen Strategy in Trading and Investing in the Philippine Stock Market. You will know how to find the stocks that you should add in your watchlist, how to check if the current trend is more than likely to continue, how to know the true market sentiment, how to identify a confirmed buy signal, how to identify the best price range to trade, and how to sell more logically and less emotionally.

About the Author
Jaycee De Guzman is an online business strategist, an equity analyst, an entrepreneur, and a computer scientist by profession. Visit his website at www.jayceedeguzman.com.

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