DoubleDragon Properties Corp. Analysis: February 5, 2020

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DoubleDragon Properties Corp. Analysis- February 5, 2020

DoubleDragon Properties Corp. (PSE:DD) closed at ₱16.50 per share as of 03:30 PM GMT+8 on February 5, 2020. It went up by 2.94 percent.

The Total Turnover Value was ₱2,193,910.00. The local traders were the main drivers of DoubleDragon Properties Corp. today.

Foreign investors registered a Net Foreign Buying worth ₱237,412.00. They are net sellers year-to-date, but their participation is insignificant.

The immediate support is near ₱15.90, while the immediate resistance is near ₱18.70.

Our 10SMACD combo is bearish.

DD’s risk level is high due to its historical volatility score of 90.24 percent.

DoubleDragon Properties Corp Analysis - Daily Chart EOD - 2.5.2020

Trade-Volume Distribution Analysis

Last Price: ₱ 16.5
VWAP: ₱16.68373
Dominant Range: ₱16.3 – ₱16.5

The Momentum Power Indicator of DoubleDragon Properties Corp. is bearish.

DoubleDragon Properties Corp Analysis - Trade Volume Distribution EOD - 2.5.2020

True Market Sentiment – EOD

True Market Sentiment on DD as of Feb-05-2020 at 03:30PM with a last price of ₱16.50
True Market Sentiment: BULLISH
6 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: ₱16.6862
Top 10 Players’ Selling Average: ₱16.8525
Bonus Info:
9 out of 16 participants or 56.25% of all participants registered a 100% BUYING activity
5 out of 16 participants or 31.25% of all participants registered a 100% SELLING activity

DoubleDragon Properties Corp Analysis - True Market Sentiment EOD - 2.5.2020

Should You Buy, Hold, or Sell DoubleDragon Properties Corp.?

Do you have DoubleDragon Properties Corp. in your portfolio already?

There’s no buy signal confirmation for DD yet. Since the last volume bar is red, you may want to pre-empt your trailing stop or reduce the percentage of risk on your trailing stop, at least.

You don’t have DoubleDragon Properties Corp. yet but are you planning to do a test-buy?

There’s no buy signal confirmation for DD yet. Wait for both 10SMACD and Momentum Power Indicator to become bullish before you entertain the idea of doing a test-buy on DD.

Watch Equilyst Analytics’ online stock market course, called as The Evergreen Strategy in Trading and Investing in the Philippine Stock Market, to know how you to spot confirmed buy signals for any stock.

Also, you can post a request for the latest analysis and recommendation of Equilyst Analytics on any stock if you’ve subscribed to their stock market subscription service.