Technicals Talk: Aboitiz Power Corp. (AP) – 27 Aug 2024 by Regina Capital Development Corp.
AP is showing a bullish reversal as it breaks above key MAs, signaling renewed upward momentum.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
AP is showing a bullish reversal as it breaks above key MAs, signaling renewed upward momentum.
The stock is currently trailing along its 20-d MA, with bulls keeping the momentum alive as the RSI holds steady at 58.41 and still pointing upwards.
FGEN stocks are currently rallying, trading between a range of 16.78-17.45.
MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00.
BLOOM is currently pointing signs towards a trend reversal, mildly recovering to the 8.00s region after seeing continuous bears in the past weeks.
NIKL is still on a downtrend, with the stock trading below all major moving averages and bearish signals across technical indicators.
SMPH stocks are currently bullish, hitting resistance levels, trading within a range of 27.97-30.70.
JFC is currently seeing a breakout with stocks reaching the 240s zone, possibly nearing overbought conditions.
PGOLD stocks are currently on resistance levels and yesterday’s trading session closed with a pullback with a bullish hammer.
AP stocks are seeing better upwards movement breaching its 50-MA low.
FLI is currently trading under all its key moving averages, showing it’s struggling to gain any upward traction.
After several months of sideways trading, FB recently broke above its previously established resistance and rallied above its 50-MA, closing at 47.75 yesterday.
SCC stocks saw a huge dip, now trading sideways along its 200-MA support, price ranging between 31.75-32.32.
PCOR’s trading volume in the past days have consistently surpassed its 20d average volume of 2.495mn.
ACEN is currently trading above all MAs, continuing its 3-day win streak.
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