{"id":328299,"date":"2024-06-24T05:06:00","date_gmt":"2024-06-23T21:06:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328299"},"modified":"2024-06-24T09:20:03","modified_gmt":"2024-06-24T01:20:03","slug":"pse-market-outlook-24-jun-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-24-jun-2024-by-regina-capital-development-corp\/","title":{"rendered":"PSE Market Outlook (24 Jun 2024) by Regina Capital Development Corp."},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"329\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-24-at-9.18.09\u202fAM-1024x329.png\" alt=\"\" class=\"wp-image-328300\" srcset=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-24-at-9.18.09\u202fAM-1024x329.png 1024w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-24-at-9.18.09\u202fAM-768x247.png 768w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-24-at-9.18.09\u202fAM-1536x494.png 1536w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-24-at-9.18.09\u202fAM-2048x659.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Today&#8217;s PSEi Outlook<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Outlook on<\/strong><\/td><td>Philippine Stock Exchange index (PSEi)<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>Regina Capital Development Corp.<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>24 Jun 2024<\/td><\/tr><tr><td><strong>PSEi Support<\/strong><\/td><td>6,073.36<\/td><\/tr><tr><td><strong>PSEi Resistance<\/strong><\/td><td>6,439.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The PSEi closed sharply at 6158.48, a volatile session within 6158.48-6394.33. <\/p>\n\n\n\n<p>Indicators show extreme weakness with RSI at 27.44 signals very weak momentum, MACD negative, -DI shows soaring selling pressure, +DI dwindles with ADX at 24.5704, suggesting a worsening trend. <\/p>\n\n\n\n<p>Stocks plummeted below all moving averages, plunging below crucial support levels, exposing severe market vulnerabilities. <\/p>\n\n\n\n<p>Caution is advised for both short-term and long-term traders, as awaiting a definitive trend reversal is prudent.<\/p>\n\n\n\n<p>Short-term strategies should be cautious or sidelined until stability or upward movement signals emerge. Long-term investors should await a clearer uptrend validated by technical indicators and improved market conditions.<\/p>\n\n\n\n<p><strong>Technical Indicators:<\/strong> <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MACD<\/strong> &#8211; Negative crossover, both lines are decreasing <\/li>\n\n\n\n<li><strong>DMI<\/strong> &#8211; Skyrocketing selling pressure, low directional movement, and low buying interest <\/li>\n\n\n\n<li><strong>RSI<\/strong> &#8211; Aggressively bearish, weakest momentum<\/li>\n<\/ul>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Our Partner Broker&#8217;s Recommendation<\/h2>\n\n\n\n<p>Trade with caution.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PSEi closed sharply at 6158.48, a volatile session within 6158.48-6394.33. <\/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-328299","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\/328299","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=328299"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328299\/revisions"}],"predecessor-version":[{"id":328302,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328299\/revisions\/328302"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}