NEPSE gain 26.03 Points This Week; Weekly Summary with Technical Analysis, Sector Comparison, Major Highlights, and More

Fri, May 7, 2021 6:16 PM on Stock Market, Weekly Analysis, Featured,

-ShareSansar

81.86 points volatility was witnessed this week, with the market reaching the highest 2692.89 and the lowest 2611.03. NEPSE index gained by 26.03 points (1%) in this trading week. Last Week's market closed at 2611.10 points and this week closed at 2637.13 points on Thursday.

Exponential Moving Average:

We have used EMA's of 5 days' time period (blue line), 20 days' time period (red line). At present, NEPSE Index is below 5 days EMA but above 20 days EMA. Values below shorter moving average signals for earlier indication of possibilities of starting of bearishness, but still need to wait till Nepse to close below 20 days EMA.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 52.78 level. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

Moving Average Convergence and Divergence:

MACD line (blue) and the signal line (red line) are in the positive zone. The MACD line has crossed the signal line, this indicates a bearish signal. The histogram is also in the negative zone. Overall MACD is indicating downward momentum.

Fibonacci retracement:

A Fibonacci retracement refers to areas of support or resistance. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.

The Fibonacci retracement levels are

38.2% - 2612

50% - 2566

61.8% - 2520

100% - 2371

Turnover

Support and resistance level for the next trading week according to Pivot Point.

Pivot Point- 2646

1^st Resistance- 2682 1^st Support- 2601

2^nd Resistance- 2727 2^nd Support- 2565

3^rd Resistance- 2768 3^rd Support- 2525

Conclusion: Some indicators are providing a signal of short-term bearish. This week market might test 2520 level, 61.8% level of Fibonacci.

Weekly Market Summary of NEPSE:

More than 7.56 crore unit shares worth Rs 33.96 Arba has been traded through 3.99 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,658,764.33 Million.

NEPSE index and Sub-indices performance: (Decrement here is based on the previous week closed value)

The NEPSE index increased by 1.00% this week. The top gainer of the week is the Microfinance sector with a rise of 4.68%.

Stock with the highest monthly Beta value from the Microfinance and Non-life insurance

Chhyangdi hydropower Compan Limited (CHL) has the highest monthly Beta value of 2.29 followed by Multipurpose Finance Company Limited (MPFL) and Sindhu Bikas Bank Company Limited (SINDU) with 2.08 and 1.95 beta value respectively.

Top Ten Gainers of the week:

Mahila Laghubitta Bittiya Sanstha Limited (MLBSL) is the top gainer of this week. MLBSL closed at Rs. 5030 with Rs. 1905 (60.96%) increment.

All the analysis is done with the SS Pro Software. To know more about the software, click on the link below

SSpro

Top Ten Losers of the week:

Janautthan Samudayik Laghubitta Bittiya Sanstha Limited's (JSLBB) price has decreased by 18.69% and its LTP stands at Rs. 3972.

Top Stocks by Turnover, Volume, and Number of Transaction:

Nepal Commerce and Credit Bank Limited (NCCB) is the top traded company of the week. A total of Rs. 1.50 Arba worth of NCCB shares was traded this week.