Thursday, with a decrease of 14.58 points, Nepse has decreased by 0.50% and reached 2876.75. Of the 224 companies traded, 45 rose, 137 declined and nine remained unchanged.
Of the thirteen subgroups traded, the share prices of two subgroups have risen while the share prices of 11 subgroups have declined.
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Technical analysis indicator
1. Bollinger Bands
The analysis shows that the difference between the upper and lower bands of the Bollinger Bands has decreased (today's difference: 271.27) which indicates that the volatility in the market has decreased today. The market today closed above the middle band (2850.87) and seems to be holding between the upper and middle band.
2. Moving Average Convergence Divergence
Moving Average Convergence Divergence analysis shows that the MACD line and the signal line are above the zero line. The histogram is at 8.17 digits. The MACD line has come down from (59.33) points to (57.36) points. The signal line is seen to be reduced. The MACD line and the signal line seem to be converging, and in the coming days, if the MACD line crosses the signal line, there will be a bullish diversion.
3. Directional movement
The Directional Movement Indicator has seen a decrease of -14 DMI line. +14 DMI line as well as ADX line is seen to increase. Which indicates an increase in buying momentum in the market.
4. Candlesticks:
Today Nepse has created an inverted hammer candlestick that indicates bearish.
5. Cumulative AD line
The cumulative AD line has come down from yesterday -1650 to -1742. The total volume of Nepse is 14,121,922 which is 130 percent of the 21 day moving average volume (10,891,600.00).
Nepse has closed above the middle band today. The MACD line is above the zero line and the signal line is above the zero line while the histogram is at 8.19. The MACD line can be seen crushing the signal line and going down and consolidating in the same area. If the MACD line crosses the signal line and goes upwards, it shows a positive signal and if it stays consolidated in the same area, Nepse may also go sideways for a few days.
+14 DMI line has increased, ADX line also seems to have increased slightly, while резрек -14 DMI line has decreased.
The RSI today fell from 60.47 to 59.01, indicating a slight decline in RSI momentum. Nepse's next day's close support seems to be the area of 2850 (middle band). Nepse's closest resistance seems to be the area of 2925 and 2986 (upper band).
Source: laltin.com
