On Thursday, the NEPSE index fell by 11.96 points (fell 0.43% ) and reached to 2801.56. Of the 227 companies traded, 39 rose, 144 declined and eight remained unchanged.
Out of the 13 sub-groups traded, share prices of 3 sub-groups have risen and share prices of 10 sub-groups have declined.
Market capitalization has declined to Rs. 3 trillion and 95 billion.
Top Transactions
Technical Analysis
NEPSE Update: February 10, 2022
Technical Analysis Indicators
1. Bollinger Bands:
Analysis shows that the difference between the upper and lower band of Bollinger Bands has increased more than yesterday (today's difference: 245.04) which indicates that the volatility in the market has increased today. The market closed below the lower band (2635.77) today. Nepse closed below the lower band (2635.77) with the support area of the lower band. Nepse seems to be closing below the lower band which shows that the market has not been able to determine any definite direction.
2. MACD:
Moving Average Convergence Divergence analysis shows that the MACD line is below the zero line. Histogram has decreased by 16.92 points. The MACD line has risen from the previous day's (13.54) points to 16.92. The signal line has also decreased. The MACD line and the signal line are seen to be in conversion and the cell signal is shown.
3. DMI:
The Directional Movement Indicator said that the +14 DMI line has decreased today as compared to yesterday and the -14 DMI line has increased. The +14 DAI and -14 DMI lines seem to cross each other and go into diversion which is not a good sign.
4. Candlestick: Nepse has made a dozy candlestick today which indicates uncertainty in the market.
5. Cumulative AD line:
NEPSE Update: February 10, 2022
The cumulative AD line has come down from yesterday-2114 to -2219. The total volume of Nepse stood at 6,081,777 which is 59 percent of the 21-day moving average volume (10,392,136.52).
Today, Nepse is held between the middle and lower bands, which seems to be unable to determine the direction of the market. The MACD line is above the zero line and the signal line is also above the zero line while the histogram is at 16.92. The MACD line can be seen below the signal line and the selling seems to have increased.
The -14 DMI line has increased while the +14 DMI line and ADX line have decreased. Which indicates an increase in selling momentum in the market. RSI today fell from 51.42 to 50.04 which indicates a slight decline in RSI momentum.
The nearest support to the next day of Nepse seems to be the area of lower band 2760, the nearest obstruction of Nepse is the area of 2925 and 2967 (upper band). If the market corrects in a few days, it seems that the lower band can take support in the area.
Source: laltin.com
No comments:
Post a Comment