Jaycee De Guzman
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D and L Industries, Inc. (PSE:DNL) closed at ₱9.1 per share as of 03:30 PM GMT+8 on December 16, 2019. It went up by 3.41 percent.

The Total Turnover Value was ₱46,639,970.00.

Foreign investors registered a Net Foreign Buying worth ₱6,665,531.00. They are net sellers year-to-date.

The immediate support is near ₱8.31, while the immediate resistance is near ₱9.30.

Our 10SMACD combo is bullish.

DNL’s risk level is low due to its historical volatility score of 34.47 percent.

Trade-Volume Distribution Analysis

Last Price: ₱ 9.1
VWAP: ₱9.09551
Dominant Range: ₱9.09 – ₱9.12

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

True Market Sentiment – EOD

True Market Sentiment on DNL as of Dec-16-2019 at 03:30PM, with a last price of ₱9.10
True Market Sentiment: BEARISH
3 of the top 10 brokers registered a positive Net Amount
5 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱9.0842
Top 10 Players’ Selling Average: ₱9.0825
Bonus Info:
3 out of 29 participants or 10.34% of all participants registered a 100% BUYING activity
12 out of 29 participants or 41.38% of all participants registered a 100% SELLING activity

True Market Sentiment – MTD

True Market Sentiment on DNL from Dec-02-2019 to Dec-16-2019 at 03:30PM, with a last price of ₱9.10
True Market Sentiment: NEUTRAL
5 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: ₱8.6109
Top 10 Players’ Selling Average: ₱8.6328
Bonus Info:
6 out of 49 participants or 12.24% of all participants registered a 100% BUYING activity
13 out of 49 participants or 26.53% of all participants registered a 100% SELLING activity

 

Recommendations

Do you have DNL in your portfolio already?

You may top up within the dominant range since both 10SMACD and Momentum Power Indicator are bullish. Do an upward adjustment on your trailing stop every time the prevailing price of DNL goes higher. Today’s bearish True Market Sentiment signifies the possibility for the support near ₱8.31 to be re-tested tomorrow. Hence, it’s all the more that you should keep an eye on your trailing stop.

You don’t have DNL yet but are you planning to enter a new position?

You may do a test-buy within the dominant range. Please identify your trailing stop as soon as your test-order is executed.

If you’re one of our subscribers, ask for our latest analysis and recommendation in our Private Clients Forum when you notice a significant change in price or volume.

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