We have mentioned in previous reports that the Index is expected to recover (candlestick formation and positive divergence on the daily RSI vs the Index). There is another glimpse of hope; the Index broke above the downtrend channel in the short term (see intraday chart).
QNBFS Daily Technical Trader - Qatar for February 01, 2018Aicha El-Mamy
The Index has been weak as we expected and we should keep an eye on today’s closing. Today’s closing around the current levels means further weakness maybe seen against the recent uptick.
QNBFS Daily Technical Trader - Qatar for January 7, 2018QNB Group
The document provides a daily technical analysis report on the Qatar Stock Exchange (QSE) Index and selected Qatari stocks. It includes commentary on the index's movement, key support and resistance levels, and analysis of Industries Qatar (IQCD) stock. Tables show index performance, top gainers and losers, sector indices, and Fibonacci support and resistance levels. The report indicates the QSE Index ended slightly higher but may see a corrective move, and identifies a bullish setup in IQCD with potential upside.
QNBFS Daily Technical Trader - Qatar for January 03, 2018QNB Group
The Index has been on the right foot in breaking away from the recent downtrend; the current breakout could act as a technical catalyst to move the Index in a new bullish trend. Corrections could take place but if the Index remains above the 8,200, we may see a positive 1Q.
QNBFS Daily Technical Trader - Qatar for January 10, 2018QNB Group
The Index moved slightly up but on lower volumes. In addition, it created a bearish reversal signal which indicates a possible correction maybe seen around the current resistance (the 9,000 level). Moreover, market breadth shows weakness may take place.
QNBFS Daily Technical Trader - Qatar for January 8, 2018QNB Group
The Index continued with its bullish move away from downtrend channel seen on the daily chart. That is good news, and now the top border of that channel is expected to be a strong support for any correction.
QNBFS Daily Technical Trader - Qatar March 26, 2017QNB Group
The Index moved slightly up last
Thursday but did not cross above the
neckline of the possible inverted Head
and Shoulders formation seen on the
intraday chart. If it does, then we may see
the Index rallying in the short term.
QNBFS Daily Technical Trader - Qatar for February 01, 2018Aicha El-Mamy
The Index has been weak as we expected and we should keep an eye on today’s closing. Today’s closing around the current levels means further weakness maybe seen against the recent uptick.
QNBFS Daily Technical Trader - Qatar for January 7, 2018QNB Group
The document provides a daily technical analysis report on the Qatar Stock Exchange (QSE) Index and selected Qatari stocks. It includes commentary on the index's movement, key support and resistance levels, and analysis of Industries Qatar (IQCD) stock. Tables show index performance, top gainers and losers, sector indices, and Fibonacci support and resistance levels. The report indicates the QSE Index ended slightly higher but may see a corrective move, and identifies a bullish setup in IQCD with potential upside.
QNBFS Daily Technical Trader - Qatar for January 03, 2018QNB Group
The Index has been on the right foot in breaking away from the recent downtrend; the current breakout could act as a technical catalyst to move the Index in a new bullish trend. Corrections could take place but if the Index remains above the 8,200, we may see a positive 1Q.
QNBFS Daily Technical Trader - Qatar for January 10, 2018QNB Group
The Index moved slightly up but on lower volumes. In addition, it created a bearish reversal signal which indicates a possible correction maybe seen around the current resistance (the 9,000 level). Moreover, market breadth shows weakness may take place.
QNBFS Daily Technical Trader - Qatar for January 8, 2018QNB Group
The Index continued with its bullish move away from downtrend channel seen on the daily chart. That is good news, and now the top border of that channel is expected to be a strong support for any correction.
QNBFS Daily Technical Trader - Qatar March 26, 2017QNB Group
The Index moved slightly up last
Thursday but did not cross above the
neckline of the possible inverted Head
and Shoulders formation seen on the
intraday chart. If it does, then we may see
the Index rallying in the short term.
QNBFS Daily Technical Trader - Qatar for January 30, 2018Aicha El-Mamy
This document provides a daily market summary and analysis of the Qatar Stock Exchange from QNBFS Research. Key points include:
1) The QSE Index remains in an uptrend but may see a correction if it breaks below 9,350. Resistance is seen at 9,600 and support at 9,250.
2) Trading activity declined from the previous day with both volume and value traded lower.
3) Industries Qatar is seen as potentially topping out after a strong rise, with sellers expected to step in if it falls below 112.50.
QNBFS Daily Technical Trader - Qatar for November 13, 2017QNB Group
The Index stabilized after dropping marginally yesterday. The recent candlesticks exhibit indecision among market participants coming after a sharp drop. That could be another sign for the relief rally we are expecting.
QNBFS Daily Technical Trader - Qatar for January 11, 2018Aicha El-Mamy
The Index continued its bullish move and closed above the 9,000 level while tackling the 200SMA resistance (see the
daily chart). The intraday chart suggests a correction is building up as the RSI created a diversion in direction against
the Index.As a result, we remain cautious in regards of buying around the current levels.
QNBFS Daily Technical Trader - Qatar for January 16, 2018Aicha El-Mamy
The Index started a correction and created a bearish engulfing candlestick; the correction is expected to continue. However, the Index managed to break above the downtrend channel and has been moving strongly up, which created strong support levels, especially between the 8,650 and 8,500 levels.
QNBFS Daily Technical Trader - Qatar for November 23, 2017QNB Group
This document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) and individual stocks trading on the QSE. Key points include:
- The QSE index remained around 7,800 points, reflecting potential support at that level. A short-term relief rally is expected.
- Trading indicators like value traded and volume increased compared to the previous day.
- United Development Company (UDCD) stabilized above QR12.50 support and a relief rally to QR13.40-14.00 is expected on a breakout above QR13.03 resistance.
- Technical analysis charts, price targets, and support/resistance levels are provided for various stocks and indices trading on the Q
QNBFS Daily Technical Trader - Qatar for November 27, 2017QNB Group
The Index started the week with
unexpectedly higher volumes and it
remains around the 7,800. Breaking above
that level creates a double-bottom formation on the intraday chart, which suggests the pullback is starting.
Technical Analysis for the QSE index and key stocks to consider. LINK #QNBF...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
The QSE Index fell 3.02% and broke below a key support level, indicating the overall trend remains downward. The document analyzes technical indicators and price movements of stocks on the Qatari market. It identifies support and resistance levels for indexes and individual stocks, and notes some have entered downtrends or show signs of weakness based on technical analysis indicators. Daily price movements and trading volumes are also summarized.
QNBFS Daily Technical Trader - Qatar for November 19, 2017QNB Group
The Index created a bullish piercing candlestick pattern on the daily chart; it is a weaker bullish signal but nevertheless much needed around an important support. Furthermore, the positive
divergence between the daily MACD and RSI vs the Index remains intact. We may a relief rally as a result of the aforesaid.
QNBFS Daily Technical Trader - Qatar for January 18, 2018Aicha El-Mamy
The Index dropped slightly but it remains inside the short-term uptrend channel seen on both time frames. The bearish reversal tweezers-top formation has not been confirmed yet, and market participants remain uncertain on the current direction of the market around these levels. If the Index breaks above the 9,253, then expect an upswing. Otherwise, we may see further correction.
QNBFS Daily Technical Trader - Qatar for October 23, 2017QNB Group
Another flat day above the 8,000 mark, no significant change has been noticed. Even though price momentum has been pointing mostly down (MACD<0 and price below its SMAs), volumes, however, remain subdued, which can deflate the negative momentum.
Daily Technical Trader - Qatar January 28QNB Group
The QSE Index moved up again inside the Rising Wedge price formation. Such movements give no particular signal, but
the momentum indicators are showing positive potential to the move. This is the
volatility we were expecting, and this might take some time to settle.
QNBFS Daily Technical Trader - Qatar May 03, 2016QNB Group
The QSE Index retreated just below the
10,100 mark; we maintain the current
support level there. The 10,000 level is
more important to sustain. Otherwise, the
index could correct to the 9,800-9,700
levels.
QNBFS Daily Technical Trader - Qatar for September 14, 2017QNB Group
The Index could stabilize around July’s low (around the 8,350 level). Indexes across almost all sectors have reached their oversold area, based on their respective RSI. As a result, there is a good chance for a relief rally.
1) The document analyzes the Qatari stock market and provides commentary on index levels and individual stocks. It discusses recent declines in the QSE Index and identifies important support levels.
2) It also provides details on trading activity and performance of industry sub-indices. Technical analysis is given for selected stocks, including resistance/support levels and recommendations.
3) Tables provide intraday Fibonacci support and resistance levels for indexes and stocks, along with their 50, 100 and 200-day moving averages. Definitions of technical analysis terms are also included.
The document provides a daily technical analysis report on stocks traded on the Qatar Stock Exchange (QSE). It includes commentary on the QSE Index and two stocks, GISS and MARK. The QSE Index dropped 0.3% and is trading below its moving averages, potentially heading to the 11,900 support level. GISS has been trading flat and may retreat to support levels of QR76-74. MARK has been range bound below its moving averages, with support at QR45.
QNBFS Daily Technical Trader - Qatar April 16, 2017Abdulla Hammad
The document provides a daily market summary and analysis of the Qatar Stock Exchange (QSE). It includes:
- An overview of the QSE index remaining flat with slightly lower volumes, indicating continued indecision.
- Technical analysis and resistance/support levels for the index and selected stocks like MARK.
- Market indicators like trading volumes and numbers.
- Index performances and company news like a previous buy recommendation on MARK.
- Intraday technical analysis tools like Fibonacci levels and moving averages.
Daily Technical Trader - Qatar April 05, 2016QNB Group
Traded activity picked up yet the Index
remains in it trading range. At the current
formation, breaking below the 10,100
creates a Head and Shoulders reversal
pattern. It is a bearish pattern.
QNBFS Daily Technical Trader - Qatar March 08, 2017QNB Group
The Index has weakened even further and
broke below the 10,500 support (which is
now a resistance level). The possibility for
a relief bounce is there but the trend, in
the shorter term, turned bearish.
The document provides a daily technical analysis report on stocks and indices in Qatar. It includes:
1) A summary of the Qatari stock exchange index dropping 1.2% and analysis that it is exhibiting a flattish attitude with no clear direction.
2) Analysis of two stocks (QFLS, QATI) including current price, resistance/support levels, recent trends, and recommendations.
3) Charts and tables with additional market data, stock prices and indicators to support the technical analysis.
QNBFS Daily Technical Trader - Qatar for September 25, 2017QNB Group
The Index moved in the green another session but pared significant chunk of its gains later in the session. We remain optimistic, under the condition of not breaking below the recent low. Otherwise, we could test the 8,000 level.
QNBFS Daily Technical Trader - Qatar for November 20, 2017QNB Group
The document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) Index and selected Qatari stocks.
Key points:
- The QSE Index remained stable above 7,800 level and analysts remain optimistic on the recent bullish reversal pattern.
- Trading activity declined significantly compared to the previous day, with value traded down 46.1% and volume down 63.7%.
- Technical analysis is provided for Barwa Real Estate showing it is at the bottom of its trading range and a relief rally is expected.
- Charts and technical indicators like moving averages, Fibonacci levels and RSI are presented for various stocks to identify support/resistance levels and potential entry/
QNBFS Daily Technical Trader - Qatar for January 30, 2018Aicha El-Mamy
This document provides a daily market summary and analysis of the Qatar Stock Exchange from QNBFS Research. Key points include:
1) The QSE Index remains in an uptrend but may see a correction if it breaks below 9,350. Resistance is seen at 9,600 and support at 9,250.
2) Trading activity declined from the previous day with both volume and value traded lower.
3) Industries Qatar is seen as potentially topping out after a strong rise, with sellers expected to step in if it falls below 112.50.
QNBFS Daily Technical Trader - Qatar for November 13, 2017QNB Group
The Index stabilized after dropping marginally yesterday. The recent candlesticks exhibit indecision among market participants coming after a sharp drop. That could be another sign for the relief rally we are expecting.
QNBFS Daily Technical Trader - Qatar for January 11, 2018Aicha El-Mamy
The Index continued its bullish move and closed above the 9,000 level while tackling the 200SMA resistance (see the
daily chart). The intraday chart suggests a correction is building up as the RSI created a diversion in direction against
the Index.As a result, we remain cautious in regards of buying around the current levels.
QNBFS Daily Technical Trader - Qatar for January 16, 2018Aicha El-Mamy
The Index started a correction and created a bearish engulfing candlestick; the correction is expected to continue. However, the Index managed to break above the downtrend channel and has been moving strongly up, which created strong support levels, especially between the 8,650 and 8,500 levels.
QNBFS Daily Technical Trader - Qatar for November 23, 2017QNB Group
This document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) and individual stocks trading on the QSE. Key points include:
- The QSE index remained around 7,800 points, reflecting potential support at that level. A short-term relief rally is expected.
- Trading indicators like value traded and volume increased compared to the previous day.
- United Development Company (UDCD) stabilized above QR12.50 support and a relief rally to QR13.40-14.00 is expected on a breakout above QR13.03 resistance.
- Technical analysis charts, price targets, and support/resistance levels are provided for various stocks and indices trading on the Q
QNBFS Daily Technical Trader - Qatar for November 27, 2017QNB Group
The Index started the week with
unexpectedly higher volumes and it
remains around the 7,800. Breaking above
that level creates a double-bottom formation on the intraday chart, which suggests the pullback is starting.
Technical Analysis for the QSE index and key stocks to consider. LINK #QNBF...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
The QSE Index fell 3.02% and broke below a key support level, indicating the overall trend remains downward. The document analyzes technical indicators and price movements of stocks on the Qatari market. It identifies support and resistance levels for indexes and individual stocks, and notes some have entered downtrends or show signs of weakness based on technical analysis indicators. Daily price movements and trading volumes are also summarized.
QNBFS Daily Technical Trader - Qatar for November 19, 2017QNB Group
The Index created a bullish piercing candlestick pattern on the daily chart; it is a weaker bullish signal but nevertheless much needed around an important support. Furthermore, the positive
divergence between the daily MACD and RSI vs the Index remains intact. We may a relief rally as a result of the aforesaid.
QNBFS Daily Technical Trader - Qatar for January 18, 2018Aicha El-Mamy
The Index dropped slightly but it remains inside the short-term uptrend channel seen on both time frames. The bearish reversal tweezers-top formation has not been confirmed yet, and market participants remain uncertain on the current direction of the market around these levels. If the Index breaks above the 9,253, then expect an upswing. Otherwise, we may see further correction.
QNBFS Daily Technical Trader - Qatar for October 23, 2017QNB Group
Another flat day above the 8,000 mark, no significant change has been noticed. Even though price momentum has been pointing mostly down (MACD<0 and price below its SMAs), volumes, however, remain subdued, which can deflate the negative momentum.
Daily Technical Trader - Qatar January 28QNB Group
The QSE Index moved up again inside the Rising Wedge price formation. Such movements give no particular signal, but
the momentum indicators are showing positive potential to the move. This is the
volatility we were expecting, and this might take some time to settle.
QNBFS Daily Technical Trader - Qatar May 03, 2016QNB Group
The QSE Index retreated just below the
10,100 mark; we maintain the current
support level there. The 10,000 level is
more important to sustain. Otherwise, the
index could correct to the 9,800-9,700
levels.
QNBFS Daily Technical Trader - Qatar for September 14, 2017QNB Group
The Index could stabilize around July’s low (around the 8,350 level). Indexes across almost all sectors have reached their oversold area, based on their respective RSI. As a result, there is a good chance for a relief rally.
1) The document analyzes the Qatari stock market and provides commentary on index levels and individual stocks. It discusses recent declines in the QSE Index and identifies important support levels.
2) It also provides details on trading activity and performance of industry sub-indices. Technical analysis is given for selected stocks, including resistance/support levels and recommendations.
3) Tables provide intraday Fibonacci support and resistance levels for indexes and stocks, along with their 50, 100 and 200-day moving averages. Definitions of technical analysis terms are also included.
The document provides a daily technical analysis report on stocks traded on the Qatar Stock Exchange (QSE). It includes commentary on the QSE Index and two stocks, GISS and MARK. The QSE Index dropped 0.3% and is trading below its moving averages, potentially heading to the 11,900 support level. GISS has been trading flat and may retreat to support levels of QR76-74. MARK has been range bound below its moving averages, with support at QR45.
QNBFS Daily Technical Trader - Qatar April 16, 2017Abdulla Hammad
The document provides a daily market summary and analysis of the Qatar Stock Exchange (QSE). It includes:
- An overview of the QSE index remaining flat with slightly lower volumes, indicating continued indecision.
- Technical analysis and resistance/support levels for the index and selected stocks like MARK.
- Market indicators like trading volumes and numbers.
- Index performances and company news like a previous buy recommendation on MARK.
- Intraday technical analysis tools like Fibonacci levels and moving averages.
Daily Technical Trader - Qatar April 05, 2016QNB Group
Traded activity picked up yet the Index
remains in it trading range. At the current
formation, breaking below the 10,100
creates a Head and Shoulders reversal
pattern. It is a bearish pattern.
QNBFS Daily Technical Trader - Qatar March 08, 2017QNB Group
The Index has weakened even further and
broke below the 10,500 support (which is
now a resistance level). The possibility for
a relief bounce is there but the trend, in
the shorter term, turned bearish.
The document provides a daily technical analysis report on stocks and indices in Qatar. It includes:
1) A summary of the Qatari stock exchange index dropping 1.2% and analysis that it is exhibiting a flattish attitude with no clear direction.
2) Analysis of two stocks (QFLS, QATI) including current price, resistance/support levels, recent trends, and recommendations.
3) Charts and tables with additional market data, stock prices and indicators to support the technical analysis.
QNBFS Daily Technical Trader - Qatar for September 25, 2017QNB Group
The Index moved in the green another session but pared significant chunk of its gains later in the session. We remain optimistic, under the condition of not breaking below the recent low. Otherwise, we could test the 8,000 level.
QNBFS Daily Technical Trader - Qatar for November 20, 2017QNB Group
The document provides a daily market summary and technical analysis of the Qatar Stock Exchange (QSE) Index and selected Qatari stocks.
Key points:
- The QSE Index remained stable above 7,800 level and analysts remain optimistic on the recent bullish reversal pattern.
- Trading activity declined significantly compared to the previous day, with value traded down 46.1% and volume down 63.7%.
- Technical analysis is provided for Barwa Real Estate showing it is at the bottom of its trading range and a relief rally is expected.
- Charts and technical indicators like moving averages, Fibonacci levels and RSI are presented for various stocks to identify support/resistance levels and potential entry/
QNBFS Daily Technical Trader - Qatar for November 28, 2017QNB Group
The Index closed flattish and volumes remained stable above a critical support (the 7,700 level). The bullish reversal double-bottom formation has not been confirmed yet to take the Index in a relief rally; that is what we anticipate.
QNBFS Daily Technical Trader - Qatar for January 31, 2018Aicha El-Mamy
The Index created a bearish engulfing candlesticks pattern on the daily chart and a double-top price formation on the intraday chart; expect weakness on the uptrend.
QNBFS Daily Technical Trader - Qatar for January 09, 2018QNB Group
The document provides a daily market summary and analysis of the Qatar stock market. It discusses the performance of the QSE Index, noting it reached a resistance level of 9,000 and closed at 8,975.82 up 2.57%. It also analyzes several stocks, including QEWS, noting the stock price is forming an inverse head and shoulders pattern and may break out above QR184. The summary also includes charts and technical indicators to analyze market and stock price movements.
The document provides a daily technical analysis and commentary on the Qatar Stock Exchange Index and the stock IQCD. It summarizes the previous day's market activity and performance of the index and IQCD. It identifies support and resistance levels and provides commentary on trends and potential price targets. Technical indicators like moving averages, Fibonacci levels, and candlestick patterns are analyzed to make recommendations on index and stock direction. Market breadth, volume and other indicators are also reviewed.
This document provides a daily technical analysis of the Qatari stock market and individual stocks. It summarizes the previous day's market activity, identifies key resistance and support levels, and analyzes trends and indicators to make recommendations. Specifically for QIIK stock, it notes the stock stabilized above QR60 and identifies QR64 as a near-term target price if it breaks above resistance at QR63. The overall market is in a bounce after a decline but needs higher highs and lows to confirm an uptrend.
QNBFS Daily Technical Trader - Qatar for September 24, 2017QNB Group
The Index managed to close just above the 8,350 level; that is a good sign in the near term. Granted, volumes are expected to be muted for the day, but price formation looks positively stronger at a critical level.
QNBFS Daily Technical Trader - Qatar for November 01, 2017QNB Group
This document provides a daily market summary and analysis of the Qatar Stock Exchange (QSE) from November 1, 2017. It includes the following:
1) An overview of the QSE index closing slightly lower but remaining above 8,000, with technical indicators still pointing to an optimistic outlook.
2) Analysis of individual stock MASRAF AL RAYAN (MARK), discussing its downtrend but potential for a relief rally based on technical patterns.
3) Tables presenting market indicators, index levels, most active stocks and top gainers/losers for the QSE.
QNBFS Daily Technical Trader - Qatar March 09, 2017QNB Group
The Index continued with its correction
and now sits on the 50% Fibonacci
retracement of the previous bullish move
(see intraday chart). The RSI reached the
oversold area and the MACD is at an
extreme low; that suggests a possible
relief bounce.
QNBFS Daily Technical Trader - Qatar April 30, 2017QNB Group
The Index dropped last Thursday on slightly higher volumes. The only good news we have is that we see positive divergence on the RSI on the intraday chart at an important, and psychological, support level.
The document provides a daily technical analysis of the QSE Index and the stock ERES. It summarizes:
1) The QSE Index closed slightly higher and may be poised to bounce as it created a triple bottom formation and hammer candlestick pattern. Resistance is at 10,600 and support at 10,500.
2) Stock ERES retreated back to its medium-term uptrend line but its MACD shows signs of stability. It is recommended to buy above 17.10 with a target of 17.40-17.90 and stop-loss of 16.60.
3) Market indicators like value traded and volume declined while the market breadth was negative. Key support and resistance levels are identified
The Index closed slightly down but remains above the 7,800 level. We should b...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
QNBFS Daily Technical Trader - Qatar for January 24, 2018Aicha El-Mamy
The Index broke above the 9,250 resistance, but we keep the resistance there for the time being. That been said, we see a bullish continuation pattern on the Index, which suggests the uptick will most likely to continue once the breakout above the 9,250 remains intact and confirmed with higher volumes.
QNBFS Daily Technical Trader - Qatar for January 25, 2018Aicha El-Mamy
The Index broke above the 9,250 resistance, but we keep the resistance there for the time being. That been said, we see a bullish continuation pattern on the Index, which suggests the uptick will most likely to continue once the breakout above the 9,250 remains intact and confirmed with higher volumes.
Similar to QNBFS Daily Technical Trader - Qatar for October 17, 2017 (20)
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
The document provides a daily technical analysis of the QE Index and QATAR INSURANCE CO stock. For the QE Index, it notes the index remains in a downtrend but is approaching a support level of 9,700, where long positions could be taken. It provides expected resistance and support levels. For QATAR INSURANCE CO stock, it notes the stock has not fallen as much as others and the uptrend remains intact above moving averages, though liquidity is low. It provides expected price targets and resistance/support levels for the stock. Definitions of technical analysis terms like candlesticks, support, and simple moving average are also included.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
- The QE Index in Qatar rose 0.3% led by gains in the Transportation and Industrials indices. Qatar Navigation and Al Khaleej Takaful Insurance were the top gainers.
- Regional markets were mixed with Saudi Arabia down 1% but Abu Dhabi up marginally. Economic data from the US and Europe was mixed.
- In Qatar news, QR500mn in bills were sold at a yield of 5.755% and Gulf International Services approved final merger agreements. Ooredoo also signed an MoU to support businesses in Qatar free zones.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
QNBFS Daily Technical Trader - Qatar for October 17, 2017
1. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 5
Daily Technical Trader – Qatar
Tuesday, 17 October 2017
Today’s Coverage
Ticker Price Target
WDAM 63.80 67.35
QSE Index
Level % Ch. Vol. (mn)
Last 8,299.71 -0.50 1.5
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 8,350 8,670 8,800
Support 8,200 8,000 7,800
QSE Index Commentary
Overview:
We have mentioned in previous reports
that the Index is expected to recover
(candlestick formation and positive
divergence on the daily RSI vs the Index).
There is another glimpse of hope; the
Index broke above the downtrend channel
in the short term (see intraday chart).
Expected Resistance Level: 8,350
Expected Support Level: 8,200
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 16 Oct 15 Oct %Ch.
Value Traded (QR mn) 149.2 93.0 60.5
Ex. Mkt. Cap. (QR bn) 453.4 454.9 -0.3
Volume (mn) 6.3 3.3 87.3
Number of Trans. 2,794 1,548 80.5
Companies Traded 42 40 5.0
Market Breadth 15:23 19:17 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 13,918.12 -0.5 43.6
All Share Index 2,336.72 -0.3 39.3
Banks 2,598.75 -0.1 43.7
Industrials 2,589.00 -1.0 53.6
Transportation 1,718.33 -0.9 41.0
Real Estate 1,623.56 0.0 31.7
Insurance 3,202.93 -1.6 28.8
Telecoms 1,047.29 -0.1 52.7
Consumer Goods 5,069.63 1.1 46.6
Al Rayan Islamic 3,318.30 -0.6 41.3
Source: Bloomberg
RSI 14 (Overbought)
Ticker Close 1D% RSI
RSI 14 (Oversold)
Ticker Close 1D% RSI
QATI 49.90 -0.2 21.9
IHGS 39.00 0.0 25.4
UDCD 13.85 -0.1 25.5
MRDS 8.92 -1.2 27.2
CBQK 27.26 -1.0 27.8
Source: Bloomberg
QSE Index (30min)
Source: Bloomberg, QNBFS Research
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WIDAM FOOD CO. (WDAM)
Price % Ch. Volume
Last 63.80 -1.09 154,396
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 64.95 67.35 67.90
Support 60.00 58.00 55.00
Commentary
Overview:
The name announced its 3Q2017 results
yesterday; the 12% increase in net profits
YoY and traders could act on such news
these days. Technically, the name has
been inside a large range. However, there
is a possible failure-swing forming on the
daily chart above the moving averages,
which could prove a fruitful trade.
Expected Target Price: QR67.35 – QR67.90
A price breakout above QR64.95 triggers
the buy idea.
Suggested Stop-Loss Price: QR60.00
(Daily)
Source: Bloomberg, QNBFS Research
4. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 5
Definitions:
Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening and
the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is lower
than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they
compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices.
Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher.
Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the
security price to head lower.
SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus considered
a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative price
direction and potential support/resistance levels.
Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange.
MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in
a stock's price through a collection of three time series calculated from historical closing price data.
RSI (Relative Strength Index): Is a momentum indicator that compares a security’s price gains to its losses for a predetermined number of periods (we generally
use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be
considered as overbought, and below 30 could be considered as oversold.
Pattern/Formation: Is a graphical presentation of a security’s price activity over a certain period of time. Formations come in different shapes (such as, head &
shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc.
Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These
levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement.
Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot
Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.
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Contacts:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar, CFA Shahan Keushgerian
Senior Research Analyst Head of Research Senior Research Analyst
Tel: (+974) 4476 6535 Tel: (+974) 4476 6534 Tel: (+974) 4476 6509
zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Mohamed Abo Daff Youssef Elboghdady Feras Al-Sarraj
Senior Research Analyst Head of Institutional Sales & Trading Head of Sales
Tel: (+974) 4476 6589 Tel: (+974) 4476 6542 Tel: (+974) 4476 6514
mohd.abodaff@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa feras.alsarraj@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974)4476 6666
PO Box 24025
Doha, Qatar
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