PSE Market Outlook (9 Aug 2024) by Regina Capital Development Corp.
The index closed yesterday at 6,549.27 (+0.22%), trading above its 50-MA line, and cautiously continuing its gain streak after several price fluctuations.
The index closed yesterday at 6,549.27 (+0.22%), trading above its 50-MA line, and cautiously continuing its gain streak after several price fluctuations.
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
ALI closed slightly below its 50-MA with a red candle.
RCR is currently trading above its 50-d and 100-d MAs, indicating that the bulls are
URC has taken a nosedive, closing below all MAs.
The index closed at 6,433.24 (-0.02%) yesterday, below all MAs.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
CNVRG is currently trading above all MAs, within the range of 10.68-11.75.
SMPH has ended its three-day losing streak, showing a positive turnaround and closing with a gain of +2.60%, concluding yesterday’s trading at 29.55.
The index closed at 6,693.83 (+1.13%) yesterday within the range of 6,578-6,779, slightly above all MAs, despite several price fluctuations seen throughout the week.
DMC stocks are trading sideways, mildly bullish.
CNPF is currently seeing consolidating stocks after a steep plunge.
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