PSE Market Outlook (19 Jul 2024) by Regina Capital Development Corp.
The PSEi closed at 6705.01 yesterday (+0.26%) within the range of 6610-6730, with all indicators showing signs of bullishness, and the index trading above all MA-s.
The PSEi closed at 6705.01 yesterday (+0.26%) within the range of 6610-6730, with all indicators showing signs of bullishness, and the index trading above all MA-s.
SMPH stocks are currently trading within a range of 28.30-30.20.
ICT is currently trading within a range of 347.40 to 370.45.
AEV stocks are currently bearish but mildly consolidating near the 50-MA line as we see an uptick in momentum with RSI at 45.78.
The index closed yesterday at 6667.09 (-0.33%) trading comfortably bullish above its 100-MA resistance region.
GLO is currently trading within the range 2045-2153, with the stock’s price above its key historical price levels.
BDO is currently trading within the range of 137.00-140.80, with the stock’s price rallying above the 50-MA and 100-MA lines.
ALI is currently consolidating within the range 28.20-29.60, with all indicators showing bullish sentiments.
The index closed at 6609.24 yesterday (+1.85%) within the range of 6484-6638, with all indicators exhibiting signs of bullishness.
DMC is seeing a consolidation phase around the 50-MA and 100-MA areas, trading within the 10.98-11.09 range.
BPI is currently trading within the range of 115.86-117.94.
Nope — still not a reversal! Looks like investors trimmed losses in yesterday’s session, dragging RLC on a breakdown.
The index closed on a high note on resistance levels yesterday at 6507.49 (+0.89%), with all indicators showing bullishness and stocks rallying.
CNVRG is trading in the range of 10.20-11.42 and exhibits a bullish trend, as indicated by an RSI of 64.46.
CNPF is currently trading within the range of 32.18-33.85, exhibiting a bearish trend as indicated by an RSI of 38.92.
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