Qatar stock exchange

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Daily Technical Trader – Qatar
Wednesday, 20 January 2016
No Stocks were Covered Today
QSE Index
Level % Ch. Vol. (mn)
Last 8,986.50 5.51 8.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 9,000 9,150 9,400
Support 8,500 8,300 8,200
QSE Index Commentary
Overview:
The expected V-shape correction over the
short term took place in the last session.
This correction might not be over, but
volatility usually accompanies such
correction. In addition, the Index closed
just shy of the 9,000 points and did not
break above it, which proved a strong
resistance. We hope for stability above the
8,500 level. Otherwise, we are expecting a
wild ride in the few coming session. And
this goes on all the list shares; their prices
exhibited the same volatile behavior of
erratic vertical takeoff.
Expected Resistance Level: 9,000
Expected Support Level: 8,500
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 19 Jan 18 Jan %Ch.
Value Traded (QR mn) 367.3 306.9 19.7
Ex. Mkt. Cap. (QR bn) 476.2 455.7 4.5
Volume (mn) 14.0 10.0 40.2
Number of Trans. 6,881 6,156 11.8
Companies Traded 41 42 -2.4
Market Breadth 36:5 15:24 –
QE Indices
Market Indices Close 1D% RSI
Total Return 13,968.23 5.5 32.6
All Share Index 2,384.39 5.1 31.1
Banks and Financials 2,409.82 4.5 31.7
Industrials 2,684.70 4.4 31.6
Transportation 2,134.32 5.6 31.9
Real Estate 1,994.94 8.2 36.1
Insurance 3,640.16 1.4 33.0
Telecoms 918.56 5.5 47.5
Consumer 4,856.24 5.9 26.2
Al Rayan Islamic 3,215.85 6.0 30.1
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
DBIS 13.50 1.7 18.5
QNCD 88.10 -0.7 19.4
MCGS 81.50 4.5 21.0
GWCS 43.80 3.2 21.6
QIGD 26.80 3.7 21.9
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Support and Resistance Levels Daily Moving Averages
Support Levels Resistance Levels
Ticker Close 3
rd
2
nd
1
st
Pivot 1
st
2
nd
3
rd
50 SMA 100 SMA 200 SMA
QSE Index 8,986.50 8,494.70 8,637.53 8,725.77 8,868.60 9,011.43 9,099.67 9,242.50 10,165.61 10,855.30 11,413.76
Total Return 13,968.23 13,203.79 13,425.80 13,562.96 13,784.97 14,006.98 14,144.14 14,366.15 15,800.98 16,873.01 17,739.79
All Share 2,384.39 2,260.22 2,296.51 2,318.94 2,355.24 2,391.53 2,413.96 2,450.26 2,710.55 2,890.65 3,045.11
Al Rayan Islamic 3,215.85 3,018.98 3,077.88 3,114.27 3,173.17 3,232.07 3,268.46 3,327.36 3,767.78 4,075.99 4,339.16
Banks & Financials Services
MARK 33.25 30.48 31.29 31.78 32.58 33.39 33.88 34.68 36.58 39.87 42.98
CBQK 39.00 37.20 37.77 38.13 38.70 39.27 39.63 40.20 45.63 50.45 53.16
DHBK 36.90 35.57 35.97 36.22 36.62 37.02 37.27 37.67 43.90 47.11 50.22
QIBK 84.70 76.17 78.61 80.12 82.57 85.01 86.52 88.97 107.83 112.06 109.07
QIIK 58.00 54.13 55.43 56.23 57.53 58.83 59.63 60.93 65.32 70.22 74.75
Insurance
QATI 74.00 70.73 72.03 72.83 74.13 75.43 76.23 77.53 83.08 88.97 90.88
Consumer Goods & Services
MCGS 81.50 78.90 80.12 80.88 82.10 83.32 84.08 85.30 122.17 144.14 159.36
Industrials
IQCD 93.20 89.73 90.88 91.59 92.73 93.88 94.59 95.73 105.19 115.17 127.01
QEWS 190.00 176.67 180.49 182.85 186.67 190.49 192.85 196.67 206.39 209.28 211.79
GISS 42.40 38.27 39.45 40.18 41.37 42.55 43.28 44.47 50.54 56.88 67.87
QIGD 26.80 25.37 25.90 26.23 26.77 27.30 27.63 28.17 36.83 41.60 45.84
Real Estate
BRES 33.00 30.07 30.91 31.43 32.27 33.11 33.63 34.47 39.24 41.59 45.67
UDCD 18.44 16.89 17.34 17.62 18.08 18.53 18.81 19.27 20.60 22.23 22.99
ERES 13.70 12.69 13.01 13.21 13.53 13.85 14.05 14.37 15.80 17.38 17.56
MRDS 12.00 11.07 11.33 11.50 11.77 12.03 12.20 12.47 14.27 15.23 16.83
Telecommunication
ORDS 71.90 67.30 68.64 69.46 70.80 72.14 72.96 74.30 71.83 73.28 81.41
VFQS 10.88 10.13 10.37 10.53 10.78 11.02 11.18 11.43 11.90 12.99 14.75
Transportation
QGTS 20.35 18.68 19.16 19.46 19.93 20.41 20.71 21.18 23.18 23.20 22.76
QNNS 87.00 83.73 84.84 85.53 86.63 87.74 88.43 89.53 94.67 96.15 97.16
Sources: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

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Definitions:
Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening
and the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is
lower than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they
compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices.
Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher.
Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the
security price to head lower.
SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus
considered a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative
price direction and potential support/resistance levels.
Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange.
MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in
a stock's price through a collection of three time series calculated from historical closing price data.
RSI (Relative Strength Index): Is a momentum indicator that compares a security’s price gains to its losses for a predetermined number of periods (we generally
use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be
considered as overbought, and below 30 could be considered as oversold.
Pattern/Formation: Is a graphical presentation of a security’s price activity over a certain period of time. Formations come in different shapes (such as, head &
shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc.
Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These
levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement.
Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot
Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

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Contacts:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar Shahan Keushgerian
Senior Research Analyst Head of Research Senior Research Analyst
Tel: (+974) 4476 6535 Tel: (+974) 4476 6534 Tel: (+974) 4476 6535
zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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