Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 21 May 2025 by Regina Capital Development Corp.
CNVRG is currently on an uptrend closing at 20, breaking even from the previous trading day.
CNVRG is currently on an uptrend closing at 20, breaking even from the previous trading day.
BPI closed at 131.1, losing 3.53%.
The PSEi closed at 6,335.33, marking a 1.85% decline.
Participants may adopt another feeler mode, to gauge if supply pressure would still be felt in select large-caps from prior session’s profit-taking (i.e., holding firms, banks).
Participants will monitor the market’s absorption of the sovereign credit downgrade in the US, coupled by series of slower economic data growth in the region.
DD is seeing its second consecutive day of gains, closing up by +0.80%.
The PSEi increased 0.11% w/w to 6,465.53 (+7.30pts), remaining above its 6,400 support as well as its 20-day, 50-day, and 100-day moving averages (MA).
Upward finishes are seen, as investors seize on the latest lull to position.
BDO is experiencing a -3.41% decline at 161.3, from its previous close.
GTCAP has recently shown signs of a technical recovery, climbing steadily from its earlier downtrend and forming higher lows.
JFC is continuing its recent uptrend, closing at 245, up by +0.74%.
The PSEi closed at 6,466.86, down -1.30%, marking its second day of consecutive losses.
Sessions might be range-bound, as investors parse through 1Q results from listed shares & factor-in guidance for the remaining stretch this year.
Market participants are seen to sift through 1Q results, specifically on core earnings from select large-caps.
The PSEi increased 0.72% w/w to 6,458.20 (+46.34pts), remaining above its 6,400 support as well as its 20-day, 50- day, and 100-day moving averages (MA).
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