4 June Daily technical trader

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  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 6

    Daily Technical Trader Qatar

    Thursday, 04 June 2015

    Stocks Covered Today

    Ticker Price 1st

    Target

    IQCD 141.50 145.00

    MARK 46.20 47.80

    QSE Index

    Level % Ch. Vol. (mn)

    Last 12,182.09 0.0 10.0

    Resistance/Support

    Levels 1st

    2nd

    3rd

    Resistance 12,270 12,350 12,400

    Support 12,150 12,000 11,800

    QSE Index Commentary

    Overview: The QSE Index opened down and continued south, losing 3% from the previous closing. However, it managed to gain almost all the losses through the session. It is bullish to stay above the 50SMA and the 100SMA. On the other hand, the Index is facing the 12,270 level as the immediate resistance level. Expected Resistance Level: 12,270 Expected Support Level: 12,150

    QSE Index (Daily)

    Source: Bloomberg, QNBFS Research

    QE Summary

    Market Indicators 03 Jun 02 Jun %Ch.

    Value Traded (QR mn) 856.1 452.7 89.1

    Ex. Mkt. Cap. (QR bn) 649.8 650.9 -0.2

    Volume (mn) 20.0 12.2 63.8

    Number of Trans. 8,382 6,090 37.6

    Companies Traded 43 41 4.9

    Market Breadth 16:23 21:17

    QE Indices

    Market Indices Close 1D% RSI

    Total Return 18,931.60 0.0 48.1

    All Share Index 3,251.49 -0.2 47.8

    Banks 3,212.08 0.0 48.7

    Industrials 3,978.06 0.7 52.8

    Transportation 2,486.10 0.3 55.6

    Real Estate 2,681.01 -1.8 43.3

    Insurance 4,740.20 -0.5 61.3

    Telecoms 1,248.71 -0.7 42.3

    Consumer 7,314.81 -0.6 49.6

    Al Rayan Islamic 4,658.66 -0.4 51.0

    RSI 14 (Over Bought)

    Ticker Close 1D% RSI

    QEWS 224.50 0.4 74.8

    KCBK 22.54 0.7 74.6

    MCGS 179.90 0.5 70.3

    RSI 14 (Over Sold)

    Ticker Close 1D% RSI

    ABQK 42.40 -8.8 17.1

    MPHC 24.89 -1.2 26.8

    QSE Index (30min)

    Source: Bloomberg, QNBFS Research

  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 2 of 6

    IQCD

    Price % Ch. Volume

    Last 141.50 0.50 173,555

    Resistance/Support

    Levels (QR) 1st

    2nd

    3rd

    Resistance 141.50 143.00 145.00

    Support 138.30 137.00 134.00

    Commentary

    Overview: IQCD moved up in the past four sessions and might continue further north. The MACD is turning up on the daily chart and the hourly charts. In addition, price broke away from the short-term downtrend channel. Resistance is expected on the way up, caused by the 100SMA and the 200SMA. Expected Target Price: QR145.00 A break above QR141.50 triggers the buy recommendation. Suggested Stop-Loss Price: QR138.30

    (Daily)

    Source: Bloomberg, QNBFS Research

    (Hourly)

    Source: Bloomberg, QNBFS Research

  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 3 of 6

    MARK

    Price % Ch. Volume

    Last 46.20 0.22 1,471,147

    Resistance/Support

    Levels (QR) 1st

    2nd

    3rd

    Resistance 46.50 47.80 49.00

    Support 45.80 45.00 44.50

    Commentary

    Overview: The name stabilized again above the QR45.00 support level, but it is still below the short-term downtrend line (seen on the hourly chart). Breaking that line creates, in tandem, a Double Bottom reversal price formation. That is expected to have positive effects on the price and could boost bullish momentum on the name. Expected Target Price: QR47.80 QR49.00 A break above QR46.50 is needed to trigger the buy recommendation. Suggested Stop-Loss Price: QR45.80

    (Daily)

    Source: Bloomberg, QNBFS Research

    (Hourly)

    Source: Bloomberg, QNBFS Research

  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 6

    Intraday Fibonacci Support and Resistance Levels Daily Moving Averages Support Levels Resistance Levels

    Ticker Close 3rd

    2nd

    1st

    Pivot 1st

    2nd

    3rd

    50 SMA 100 SMA 200 SMA

    QSE Index 12,182.09 11,668.97 11,815.98 11,906.80 12,053.81 12,200.82 12,291.64 12,438.65 12,081.53 12,103.12 12,681.77

    Total Return 18,931.60 18,134.19 18,362.65 18,503.79 18,732.25 18,960.71 19,101.85 19,330.31 18,771.67 18,547.04 19,162.42

    All Share 3,251.49 3,132.52 3,166.60 3,187.66 3,221.75 3,255.83 3,276.89 3,310.98 3,226.65 3,193.59 3,278.39

    Al Rayan Islamic 4,658.66 4,470.01 4,524.06 4,557.45 4,611.50 4,665.55 4,698.94 4,752.99 4,561.37 4,412.31 4,444.42

    Banks & Financials Services

    MARK 46.20 44.03 44.66 45.05 45.68 46.31 46.70 47.33 47.49 47.08 48.99

    CBQK 55.50 53.37 53.98 54.36 54.97 55.58 55.96 56.57 56.49 59.25 61.81

    DHBK 54.40 50.40 51.58 52.32 53.50 54.68 55.42 56.60 53.59 54.79 56.72

    QIBK 107.60 100.87 102.97 104.27 106.37 108.47 109.77 111.87 103.16 103.59 106.74

    QIIK 79.90 76.70 77.62 78.18 79.10 80.02 80.58 81.50 80.01 81.48 83.49

    Insurance

    QATI 96.40 94.13 94.90 95.37 96.13 96.90 97.37 98.13 85.06 81.19 81.56

    Consumer Goods & Services

    MCGS 179.90 166.23 170.36 172.91 177.03 181.16 183.71 187.83 163.04 150.90 138.28

    Industrials

    IQCD 141.50 135.63 137.31 138.35 140.03 141.71 142.75 144.43 142.24 144.73 165.22

    QEWS 224.50 216.50 218.79 220.21 222.50 224.79 226.21 228.50 205.54 198.28 192.90

    GISS 82.40 73.33 76.12 77.84 80.63 83.42 85.14 87.93 86.15 91.75 102.30

    QIGD 53.90 47.57 49.40 50.53 52.37 54.20 55.33 57.17 47.44 44.18 47.12

    Real Estate

    BRES 51.20 50.00 50.38 50.62 51.00 51.38 51.62 52.00 48.91 47.98 45.56

    UDCD 23.58 22.79 23.02 23.16 23.38 23.61 23.75 23.97 22.52 23.20 25.03

    ERES 17.35 16.36 16.65 16.82 17.10 17.39 17.56 17.84 17.52 16.59 17.38

    MRDS 18.95 18.18 18.41 18.55 18.78 19.01 19.15 19.38 18.59 18.63 19.99

    Telecommunication

    ORDS 94.00 88.80 90.29 91.21 92.70 94.19 95.11 96.60 98.66 105.77 114.71

    VFQS 16.73 15.52 15.89 16.13 16.51 16.88 17.12 17.50 17.44 17.14 18.18

    Transportation

    QGTS 22.50 21.98 22.13 22.22 22.37 22.52 22.61 22.76 22.55 23.25 23.52

    QNNS 99.50 93.63 95.31 96.35 98.03 99.71 100.75 102.43 99.01 100.92 98.86 Source: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

  • COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 5 of 6

    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 securitys 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 securitys 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