NEPSE Bounced Back 43.13 Points This Week (Weekly Summary Of NEPSE With Technical Analysis, Sector Comparison And Major Highlights)

Fri, Nov 18, 2022 12:07 PM on Stock Market, Weekly Analysis,

Part 1: Rundown and Technical Analysis

The NEPSE index closed at 1,936.83 this week after a gain of 43.13 points (2.28%). The index closed at 1,893.70 last week with a loss of 1.48% from the week before.

This week, the index went as high as 1,939.56 and as low as 1,879.53, hence witnessing volatility of 60.03 points. The index had seen a volatility of 97.33 points in the week before that.

Analysis of Trend and Volume

Trend analysis is a technical analysis method that helps to predict future movement based on the current ongoing trend data. Looking at the daily charts, the short-term trend is showing uptrend but mid-term trend of the NEPSE index is still down.

The highest intraday gain was 25.57 points on Thursday with a turnover of Rs 1.71 Arba on a single trading day, whereas, in the entire week the total turnover amount stood Rs 5.32 Arba.

Momentum Indicators

The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or index. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.

The RSI reading on the daily timeframe is 56.02. Meanwhile, the RSI reading on the weekly chart is 42.30.

On the other side of things, the MACD line is in the Positive zone, i.e. above zero in the daily timeframe, moving upward to the positive zone with the MACD reading at 3.81. The MACD line is above the signal line. This indicates a weakness in bearish sentiment.

Moving Averages

NEPSE index is above both 5 days Exponential Moving Average (EMA) and 20 days EMA. The index above these moving averages signals bullishness. The 5 days EMA and the 20 Days EMA are overlapping each other with possibilities of a Golden Crossover pattern forming. The Golden Cross is a technical pattern indicating the potential for an uptrend.

1,830 to 1,800 zone may act as the nearest support whereas, 2,000 to 2080 zone will act as resistance.

Part 2: Insight into Important Data

More than 1.41 crore unit shares worth Rs. 5.31 Arba have been traded through 103,514 transactions this week. The current market capitalization of NEPSE stands at Rs. 2,786,023.45 million i.e. Rs 27.86 Kharba.

NEPSE index and Sub-indices performance: (Incline is based on the previous week's close)

The NEPSE index inclined by 2.28% this week. All sector indices closed green.

Stocks with the highest Monthly Beta

The top three companies with the highest beta are Panchakanya Mai Hydropower Limited (PMHPL), Progressive Finance Limited (PROFL) and United Modi Hydropower Limited (UMHL)
with 2.803, 2.800 and 2.759 respectively.

Top Ten Gainers of the week:

Sayapatri Hydropower Limited (SPHL) is the top gainer. SPHL closed at Rs. 347.8 with Rs. 44.9 (14.82%) increment.

Top Ten Losers of the week:

Nabil Balanced Fund - 2 (NBF2) price has decreased by 8.24% and its LTP stands at Rs. 8.24.

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


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

Shivam Cements Limited (SHIVM) is the top traded company of the week. A total of Rs. 43.03 crores worth of SHIVM shares were traded this week.

Top Buyers Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top buyer broker this week and it has bought stocks worth Rs. 36.43 crores.

Top 10 Bought Companies:


Top Seller Brokers of the Week:

Naasa Securities Co. Ltd. (Broker No- 58) was the top seller broker for this week. The brokerage firm has sold stocks worth Rs. 47.35 crores.

Top 10 Sold Companies:

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