Technicals Talk: Aboitiz Power Corp. (AP) – 30 Apr 2025 by Regina Capital Development Corp.
AP remains under short-term bearish pressure, with price action rejecting a key resistance near 39.00 and retreating toward support around 36.50.
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 remains under short-term bearish pressure, with price action rejecting a key resistance near 39.00 and retreating toward support around 36.50.
BDO gains +3.34% after huge sell-off on yesterday’s session, stock remains to trade above key MAs maintaining buy pressure.
URC gains strong bounce closing at 84.70 (+5.22%).
CNVRG experienced a modest intraday increase of +0.21%, fueled by positive momentum reflected in both the MACD and RSI.
GLO is in the midst of its fourth consecutive day of decline, falling by -2.24% to 1,965.
URC surged +5.45% intraday, fueled by strong buying pressure, as reflected in the MACD and the RSI reaching overbought territory.
ACEN remains in a prolonged downtrend, with price action staying weak and failing to establish a solid base.
MER resumes its climb, closing at 574.50 (+1.14%).
SMPH is showing strong support level closing at 22 (+0.46%), with bullish candles forming but momentum remains downward.
ALI surges +1.88% to 24.40, surpassing short-term MAs.
ICT closed at 340.20 (3.90%), trading below all MA levels.
MWC surges to +4.76% and continues to trade above all MA levels.
UBP is consolidating below key moving averages, signaling continued bearish bias.
JFC continues to trade below MA levels, closing at 214.8 (-1.10%).
ICT on continuous decline, ICT dropped -4.05% further trading below all key MAs.
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