PSE Market Outlook (30 Mar 2026) by First Metro Securities
The index declined by -0.76% w/w to 5,972.83 (-45.8 pts.), and remains below its key moving averages (20-day, 50- day, 100-day, and 200-day), indicating continued bearish momentum.
First Metro SecuritiesThe index declined by -0.76% w/w to 5,972.83 (-45.8 pts.), and remains below its key moving averages (20-day, 50- day, 100-day, and 200-day), indicating continued bearish momentum.
The index declined by -0.67% w/w to 6,018.62, approaching its 6,000 key support level, where a potential rebound could occur.
The PSEi fell 4.14% w/w, closing at 6,058.94 (-261.47 points), and is now trading below its key moving averages (20-day, 50-day, 100-day, and 200-day).
The PSEi plunged by 4.40% w/w to 6,320.41 (-290.83 pts), below 20-day and 50-day moving average, while MACD has also crossed below the signal line indicating a bearing momentum.
The PSEi declined 0.1% w/w, closing at 6,384.58 (-6.33 points), and is currently trading above its 50-day, 100-day, and 200-day moving averages (MA).
APX is showing renewed strength after its recent pullback, bouncing off its near-term support zone.
MYNLD is currently pulling back after it tested the resistance level of its ascending channel.
The PSEi increased 0.98% w/w to 6,390.91 (61.94 pts.) trending above the 20-day moving average.
On technicals, MEG is currently on an uptrend trending above all key moving averages 20-day, 50-day, 100-day, and 200-day (MA).
The PSEi declined 0.07% w/w to 6,328.97 (-4.29 pts.) after moving below the 20-day moving average, keeping the index within a short-term bearish channel.
The PSEi fell -2.03% w/w, closing at 6,333.26 (-131.41 points), and is currently moving within a descending channel, while the MACD has crossed over the signal line, which reflects a bearish momentum.
The PSEi rose 1.8% w/w, closing at 6,464.67 (+116.53 points), and is currently moving within an ascending channel that reflects sustained bullish momentum.
On technicals, AREIT is currently trading sideways above key moving averages (MA) 50-day and 200-day and is also trending around the 20-day MA and is playing as a strong support to the price action.
IMI broke above its pennant consolidation pattern to hit our target price of PHP4.14.
The PSEi rose 3.5% w/w, closing at 6,348.14 (+213.1 pts).
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