Afternoon Technical Analysis October 1st: Current Trend Showing Weakness

Amidst subdued ADX levels, the VN-Index is poised to persist in its sideways movement around the Bollinger Bands' Middle line. Conversely, the HNX-Index is finding robust support at the lower boundary of its Triangle pattern, signaling potential stability in its trajectory.

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Technical Signals of VN-Index

During the morning trading session on October 1, 2025, the ADX continued to decline, settling at 16. This low level, below 25, indicates a weak trend.

As a result, the VN-Index is expected to remain in a sideways movement around the Middle line of the Bollinger Bands.

Technical Signals of HNX-Index

In the morning session on October 1, 2025, the HNX-Index formed a Doji candlestick pattern, reflecting short-term investor hesitation.

The index is finding strong support at the lower edge of the Triangle pattern (around 270-272 points).

EVF – Vietnam Electricity Finance Joint Stock Company

On the morning of October 1, 2025, EVF shares continued to rise, trading above the Middle line of the Bollinger Bands. The volume is expected to surpass the average by the end of the session, indicating optimistic investor sentiment.

Additionally, the stock price is well-supported at the 38.2% Fibonacci Retracement level (around 13,000-13,500). The Stochastic Oscillator has also continued to rise after generating a buy signal, exiting the oversold territory. If these signals persist, a short-term recovery scenario is highly likely.

STB – Saigon Thuong Tin Commercial Joint Stock Bank

During the morning session on October 1, 2025, STB shares rose, closely following the Upper Band of the Bollinger Bands. Trading volume improved, surpassing the 20-session average, reflecting increased investor optimism.

Currently, STB is retesting the upper edge (around 57,000-58,700) of the Ascending Triangle pattern, with the MACD indicator already generating a buy signal. If the technical signals continue to improve and STB successfully breaks through this level, the potential price target is 66,500-67,500.

(*) Note: The analysis in this article is based on real-time data as of the end of the morning session. Therefore, the signals and conclusions are for reference only and may change by the end of the afternoon session.

Technical Analysis Department, Vietstock Advisory Division

– 12:08 October 1, 2025

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