{"id":328261,"date":"2024-06-19T05:06:00","date_gmt":"2024-06-18T21:06:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328261"},"modified":"2024-06-19T09:13:17","modified_gmt":"2024-06-19T01:13:17","slug":"pse-market-outlook-19-jun-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-19-jun-2024-by-regina-capital-development-corp\/","title":{"rendered":"PSE Market Outlook (19 Jun 2024) by Regina Capital Development Corp."},"content":{"rendered":"\n

Today’s PSEi Outlook<\/h2>\n\n\n\n
Outlook on<\/strong><\/td>Philippine Stock Exchange index (PSEi)<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>19 Jun 2024<\/td><\/tr>
PSEi Support<\/strong><\/td>6,300<\/td><\/tr>
PSEi Resistance<\/strong><\/td>6,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The PSEi closed at 6368.80, showing a range between 6343.69 and 6459.38. <\/p>\n\n\n\n

Technical indicators paint a cautious picture: the RSI at 38.80 indicates weak momentum, the MACD displaying a negative crossover suggests bearish sentiment, and high -DI\/+DI signals significant selling pressure amidst a low ADX, reflecting a lack of strong downtrend. <\/p>\n\n\n\n

The index has fallen below all key moving averages, emphasizing the prevailing bearish sentiment. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

The recommendation leans towards a sell strategy in the short term, with a watchful stance for long-term opportunities pending improved market conditions. <\/p>\n\n\n\n

Support: 6,300.00.<\/p>\n\n\n\n

Resistance: 6,500.00.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The PSEi closed at 6368.80, showing a range between 6343.69 and 6459.38. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-328261","post","type-post","status-publish","format-standard","hentry","category-market-outlook","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328261"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328261\/revisions"}],"predecessor-version":[{"id":328263,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328261\/revisions\/328263"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}