Technical Signals for the VN-Index
During the trading session on December 5, 2024, the VN-Index gained points, but the trading volume remained unchanged, indicating investors’ hesitation. The index is currently retesting the Fibonacci Projection 23.6% threshold (equivalent to the 1,225-1,240 point range) while the ADX indicator remains low and weak. This suggests that the back-and-forth trend with alternating gains and losses may continue in upcoming sessions.
Technical Signals for the HNX-Index
On December 5, 2024, the HNX-Index rose and retested the Middle line of the Bollinger Bands, while liquidity fluctuated, indicating investors’ unstable psychology in recent sessions. The Stochastic Oscillator indicator continues to rise after a Bullish Divergence, giving a buy signal as the index retests the April 2024 low (equivalent to the 220-225 point range). If cash flow factors improve in the coming sessions, the outlook will be more optimistic.
NTP – Plastic Pipes and Fittings for Young Pioneers Joint Stock Company
During the morning session of December 5, 2024, NTP shares rose and formed a Three White Soldiers candlestick pattern, with trading volume exceeding the 20-session average, indicating investors’ optimism. The share price continues to rise after breaking out of the short-term downward trendline, while the Stochastic Oscillator indicator maintains its previous buy signal, further strengthening the stock’s current recovery trend.
VND – VNDIRECT Securities Corporation
On the morning of December 5, 2024, VND shares declined, with trading volume surging in the morning session and exceeding the 20-session average, reflecting investors’ pessimism. The share price remains close to the lower band (Lower Band) of the Bollinger Bands, while the MACD indicator continues to widen the gap with the signal line after previously giving a sell signal. This suggests that the short-term downward trend is likely to continue in the coming sessions. In addition, the share price is below the 50-day SMA and 200-day SMA, indicating a less optimistic mid-to-long-term outlook.
Technical Analysis Department, Vietstock Consulting Department
