Technicals Talk: Metropolitan Bank and Trust Company (MBT) – 25 Oct 2024 by Regina Capital Development Corp.
MBT closed at 77.00 with a red candle, extending the bearish momentum over the past week.
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.
MBT closed at 77.00 with a red candle, extending the bearish momentum over the past week.
ALI closed just below its 9-MA at 35.80 (-0.56%).
CNVRG closed above key resistance at 17.26/sh, riding an uptrend above all moving averages.
BDO reflected a +0.31% intraday, with movement between 162.00 and 163.00.
TEL closed just above its 100-MA support level at 1,490.00.
GTCAP is continuing its sideways drift above the 50-MA, closing at -1.27% intraday.
The chart shows that ACEN recently bounced back to 5.34, near its 50D MA.
DDMPR is hovering above its 50-MA, reaching 1.06 intraday, slightly above its 52wL of 0.98.
OGP has been in overbought period for quite an extended of time.
MONDE’s share price consolidated for two weeks following a 13% increase in mid-September.
MWC is currently trading sideways, with its price slowly climbing up above all MAs and closing with a doji candlestick last weekend.
ICT stocks were trending upwards for the week, trading between 401-422.
SM stocks are currently skyrocketing as the bulls push stocks up to the 990.00-1000.000 range.
Breakout or fakeout? BDO stocks jumped a notch during yesterday’s trading session, closing at 148.80 (+4.42%).
PREIT is charging ahead, outpacing both PPROP and the PSEi, with bulls keeping it well above all its key moving averages.
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