Tuesday, March 23, 2021

Looking Good So Far

Looking at PSEi from four different technical indicators, its movement seems to indicate a reversal in trend. That doji two days ago appears to be a reliable signal. This time, I want to take a look at PSEi and two other stocks on my watch list using Accumulation/Distribution Indicator (A/D), Price Exhaustion Indicator (PEI), Relative Strength Indicator (RSI), and Moving Average Convergence Divergence (MACD) Indicator. 



PSEi looks good in all four indicators mentioned above. 


In the case of $FRUIT, the volume is not impressive, but at least it made a higher high today. Its A/D looks good too, as well as its PEI, RSI, and MACD.  


How about $RCI? Its A/D appears static, but the PEI, RSI and MACD are promising. Add to it that the stock today made a higher high @ 1.10 and with a volume 3.15 million higher than the previous trade. 


No comments: