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TechSpotlight-4-30-2025

As of April 30, 2025, the Philippine Stock Exchange Index (PSEi) is at 6,252, showing a slight increase of 0.04% but facing resistance near 6,360. The US market is advancing with the S&P 500 up 0.58%, supported by falling bond yields, while the Peso strengthens against the Dollar at 56.05. The report suggests selective trading around resistance points and monitoring for potential support rebounds.

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1 views3 pages

TechSpotlight-4-30-2025

As of April 30, 2025, the Philippine Stock Exchange Index (PSEi) is at 6,252, showing a slight increase of 0.04% but facing resistance near 6,360. The US market is advancing with the S&P 500 up 0.58%, supported by falling bond yields, while the Peso strengthens against the Dollar at 56.05. The report suggests selective trading around resistance points and monitoring for potential support rebounds.

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mjspy1812
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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April 30, 2025

Juan G. Barredo
Chief Technical Analyst
[email protected]
GLOBAL SCOREBOARD
Issue Current Change % YTD %
Philippines 6,252 2.69 0.04 (4.24)
Markets in Review Peso-$ 56.05 (0.350) (0.621) (3.50)
MSCI Phils 26.41 0.23 0.88 5.51
PLDT US 23.19 (0.18) (0.77) 4.70
DJIA 40,528 300.0 0.75 (4.74)
SP500 5,561 32.1 0.58 (5.45)
Nasdaq 17,461 95.2 0.55 (9.58)
Germany 22,426 154.16 0.69 12.64
Nikkei 35,840 0.0 0.00 (10.16)
Hong Kong 22,008 36.2 0.16 9.71
China 3,287 (1.76) (0.05) (1.94)
US 10-Yr Yield 4.172% (0.03) (0.81) (8.77)
PH 10-Yr Yield 6.310% (0.045) (0.71) 2.19
Dollar Index 99.201 0.26 0.27 (8.55)
Gold 3,316.89 (26.67) (0.80) 26.40
Oil 60.11 (1.74) (2.81) (16.29)
GS Com Index 528.57 (6.77) (1.26) (3.83)
* Issue names in purple indicate a non-trading day

PSEi pauses for a 2nd day due to its proximity to


next resistance; US climbs again as yields slide PHILIPPINE MOST ACTIVES
• The PSE Index (6,252) was barely higher by 2-pts Stock Value Last Change %
(+0.04%) still worried over resistance being near URC 665-M 84.70 4.20 5.22%
BDO 451-M 160.70 5.20 3.34%
• The PSEi is still embedded within a sideways
ICT 325-M 350 -10.00 -2.78%
rectangular range of 5,863 (S) & 6,360 (R) keeping
ALI 317-M 24.20 -0.75 -3.01%
a range trade recommendation open; but EPHE
SM 237-M 855 5.00 0.59%
(MSCI Philippines Index) has already broken its
BLOOM 219-M 3.40 -0.14 -3.95%
resistance which may give a good handle on the
local counterpart (PSEI) trying to doing the same MER 193-M 569 21.00 3.83%
BPI 184-M 133 -0.30 -0.23%
• The US market was higher while US Bond Yields SMPH 178-M 22.90 -0.30 -1.29%
were lower; the Dollar inched up slightly, but the PLUS 144-M 39.00 1.00 2.63%
Peso (56.05) gained strength vs the Greenback

Note: All opinions and estimates constitute the judgment of COL’s Equity
• Proceed to selectively trade key rebounds looking Research Dept as of the date of the report and are subject to change
for proximity to next resistance points as targets without notice. The report is for informational purposes only and is not
intended as an offer or solicitation for purchase or sale of a security.
for lightening… support rebounds for fresh ins
April 30, 2025

Market Spotlight:
PSEI inches up but pauses for a 2nd day as it
comes close to next resistance; US advances
• The PSEi squirmed up 2-pts (+0.04%), and was basically flat as
it encounters some pressure near next resistance (6,360)
• If it cannot break 6,360, then it may keep the index pinned
sideways – with support standing now at 6,111 then 5,863
• There were 12 index member advancing for the day versus 14
decliners – as many were still subject to some profit taking as
some confronted resistance zones
• Advancers were led by BDO, MER, URC, SM and MONDE while
decliners were fronted by ICT, ALI, AC, SMPH, and PGOLD
• The index came near next resistance and may proceed to show
some pause here as it tries to reckon with such immediate
selling… it needs to push over 6,360 - 6,470 to free itself
comfortably off its sidewards range
• In the meantime, expect mixed swings as some price pauses
and pullbacks from resistance from some issues will still be
seen… prompting for ready eyes on support dips or possibly
from some that can eventually break resistance
• The US market proceeded to advance carrying on with its
presumed B-wave rally. US Bond Yields fell helping equities
with their rally extensions
• The Dollar inched up, but the USDPHP fell again (stronger
Peso) to close at 56.05… almost at a major support zone of
56.00. After this, 55.50 would be the following support
April 30, 2025

US Market Review
$SPX 5,560
S&P500 Index +32 +0.58%

Stock Trend Sideways


Sideways
Downtrend Line
Chart Formation
Break (B-wave)

Support 1 & 2 5,100 4,825

Resistance 1 & 2 5,690 5,786


Trading Action

The SP500 was higher for a 6th day


breaching its earlier rally high. This extends
the assumed B-wave recovery but is
coming close to next resistance between
5,690-5,700. Hold but be prepared to
lighten if resistance pressures show near
the anticipated R1-R2 zones

EPHE $26.41
MSCI Philippines Index +0.23 +0.88%

Stock Trend Uptrend


Possible
Chart Formation
Rectangle Break

Support 1 & 2 26.40 25.20

Resistance 1 & 2 27.00 27.63


Trading Action

EPHE rallied and so far maintains its


resistance break from its sideways
consolidation to turn upwards. The break
over 26.06 pushes it into a recent high for
2025 and warrants a hold. But a cascading
upwards channel may show next…
assuming 26.06 does not give in

PHI $23.19
PLDT US -0.18 -0.77%

Stock Trend Sideways


Sideways
Sideways
Possible
Chart Formation
Rectangle

Support 1 & 2 22.47 20.33

Resistance 1 & 2 24.30 24.76


Trading Action

PHI reacted but still stays above its first


support. We still see a wide sideways range
(perhaps a rectangular pattern) holding for
now – allowing only a range trade to be
open between 20.30 and 24.30

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