Figure 1. PSE Chart
Price and moving averages:
PSEi has closed below its Short time moving average.
Short time moving average is currently above mid-time, and above long time moving averages.The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
PSEi has closed above bottom band by 22.1%.
Bollinger Bands are 17.0% narrower than normal.The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Volatility:
50 day Historical Volatility is 15% (desired: greater than 40%).6/100 day ratio Historical Volatility is 0.66 ( desired: less than 0.50).
Trend Direction and Strength:
PSE has consolidated the past days and its trend strength is still weak.
Overall PSE is trending up with the tendency to move sideways.
Support/Resistance Lines:
Support: 3021 - 2971
Resistance: 3051 - 3092
Figure 2. Other technical indicators
RSI:
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.36. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 43 period(s) ago.
Stochastic:
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.48. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 4 period(s) ago.
MACD:
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. Currently the MACD is bearish since it is trading below its signal line. The last signal was a sell 1 period(s) ago.
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