NEPSE Weekly Summary With Technical Analysis, Top Weekly Performers, Major Highlights, and More

Fri, May 14, 2021 3:32 PM on Stock Market, Weekly Analysis, Featured,

-ShareSansar

93.69 points volatility was witnessed this week, with the market reaching the highest 2701.82 and the lowest 2608.13. NEPSE index gained by 46.88 points (1.78%) in this trading week. Last Week's market closed at 2637.13 points and this week closed at 2684.01 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 above both 5 days EMA and 20 days EMA. An index above moving average signals for Bullishness.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 58.55 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. A histogram is in the negative zone. The signal line and the MACD line are overlapping each other. Overall MACD is indicating a non-decisive state.

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- 2664

1^st Resistance- 2720 1^st Support- 2627

2^nd Resistance- 2757 2^nd Support- 2571

3^rd Resistance- 2803 3^rd Support- 2524

Conclusion: Major resistance is at 2760, a break out of resistance will give confirmation of the continuation of the upper trend.

Weekly Market Summary of NEPSE:

More than 6.79 crore unit shares worth Rs 28.61 Arba has been traded through 3.38 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 3,724,552.81 Million.

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

The NEPSE index increased by 1.78% this week. The top gainer of the week is the Finance sector with a rise of 7.24%.

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

Multipurpose Finance Company Limited (MPFL) has the highest monthly Beta value of 2.04 followed by Guheshwori Merchant Banking & Finance Limited (GMFIL) and Universal Power Company Limited (UPCL) with 2.01 and 1.91 beta value respectively.

Top Ten Gainers of the week:

Ru Ru Jalavidhyut Pariyojana Limited (RURU) is the top gainer of this week. RURU closed at Rs. 800 with Rs. 301 (60.32%) 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:

Api Power Company Limited's (API) price has decreased by 12.81% and its LTP stands at Rs. 313. Note that API 29.38% right share adjustment led to its price fall.