NEPSE Lost 50.92 Points This Week: Weekly Wrap Up With Technical Analysis, Sector Comparison, Scrip Breakdown and Highlights

Fri, Sep 10, 2021 3:43 PM on Stock Market, Weekly Analysis,

-ShareSansar

NEPSE Index made 221.77 points volatility with the market reaching the highest 3001.10 and the lowest 2779.33. The index lost 50.92 points (1.74%) in this trading week. Last week market closed at 2926.89 points and this week closed at 2875.97 points on Thursday.

Exponential Moving Average:

NEPSE index is below both 5 days EMA and 20 days EMA. The Index below the moving average signals for Bearishness. Recently, 5 days EMA has crossed its 20 Days EMA from above, forming a Dead crossover pattern. The Dead cross is a technical pattern indicating the potential for a downtrend.

Relative Strength Index:

Relative Strength Index is a momentum oscillator that measures between zero and 100. Currently, the Relative Strength Index is at the 37.59 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 and the MACD line is below the signal line, this indicates a possibility of a trend reversal. A histogram is also in the negative zone. MACD is indicating the possibility of downward momentum.

Turnover

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

61.8% - 2943

78.6% - 2865

100% - 2765

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

Pivot Point- 2885

1^st Resistance- 2991 1^st Support- 2769

2^nd Resistance- 3107 2^nd Support- 2663

3^rd Resistance- 3218 3^rd Support- 2552

Conclusion: All major technical indicators are supporting the downtrend. Major support is at the 2800 level.

Listings of the week:

Weekly Market Summary of NEPSE:

More than 8.67 crore unit shares worth Rs 42.25 Arba has been traded through 4.72 lakh transactions this week. The current market capitalization of NEPSE stands at Rs. 4,024,933.86 Million.

Sector-wise breakdown of the turnover of this week:

The Hydropower sector made 32% of the total turnover this week followed by the Commercial Bank sector with 17% of the total turnover.

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

The NEPSE index decreased by 1.74% this week. Only Hydropower sector and other gained this week

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

Mahalaxmi Bikas Bank Limited (MLBL) has the highest monthly Beta value of 2.49 followed by Ruru Jalavidhyut Pariyojana Limited (RURU) and Kamana Sewa Bikas Bank Limited (KSBBL) with 2.40 and 2.29 beta value respectively.

Top Ten Gainers of the week:

Sanima Life Insurance Company Limited (SLI) is the top gainer of this week. SLI closed at Rs. 547.1 with Rs. 207.2 (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:

Citizens Mutual Fund-1 (CMF1) price has decreased by 29.63% and its LTP stands at Rs. 10.9.

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

Arun Valley Hydropower Development Company Limited (AHPC) is the top traded company of the week. A total of Rs. 2.28 Arba worth of AHPC shares was traded this week.