PSE Market Outlook (6 Dec 2024) by Regina Capital Development Corp.
The PSEi remains below the 6,700 mark, remaining under its 50, 100, and 200-day MAs.
Regina Capital Development CorporationThe PSEi remains below the 6,700 mark, remaining under its 50, 100, and 200-day MAs.
BPI continues to exhibit a bearish trend, trading below all of its significant MA closing at 127.70, down -0.55%.
The stock has been lingering in the oversold region for a couple of days.
The PSEi remains on 6,700 closing at 6,734.21, down -0.13% intraday, remaining below its 50, 100, and 200-day MAs.
PLUS closed with a green candle last Friday, with an intraday high of 21.90.
FRUIT’s daily trend still continues to fall, recently trading at 0.70 levels.
SMPH continues to exhibit a bearish trend, trading below its 50-day, 100-day, and 200-day MAs.
TEL gained +0.70% intraday, marking a slight recovery after a steep decline in the previous session.
The PSEi declined to the 6,600 level, down -0.96% intraday, remaining below its 50, 100, and 200-day MAs.
BDO increased by +0.79%, but now sits above 50-day MA and 100-day MA, suggesting a slight recovery.
ICT dropped by -6.02% intraday, barely sitting above its 9-MA, signaling possible support.
AC declined by -4.11%, now trading below all its significant MA.
The PSEi gradually hovers above the 6,800 level closing at 6,806.86, down -0.63% with stock prices moving above the 200-day MA.
Our Target Price and recommendation for this stock is
DMW is currently below all MAs, closing with an intraday high of 5.40 last Friday.
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