Technical Signals of VN-Index
During the trading session on the morning of October 14, 2024, the VN-Index gained points and a Doji candlestick pattern emerged, while trading volume slightly dipped in the morning session, indicating investors’ hesitation.
Currently, the VN-Index continues to retest the old peak from June 2024 (equivalent to the 1,300-1,310 point region) as the MACD indicator flashes a buy signal again. Should the index successfully surpass this resistance zone, the intermediate-term optimistic outlook would be further reinforced.
Technical Signals of HNX-Index
On October 14, 2024, the HNX-Index witnessed a slight increase in points, and a Doji candlestick pattern emerged, with trading volume rising during the morning session, reflecting investors’ uncertainty.
Additionally, the Stochastic Oscillator indicator continues to trend downward after previously signaling a sell signal. Should this factor improve, a short-term recovery scenario may unfold in the upcoming sessions.
DBC – Vietnam Dabaco Group JSC
On the morning of October 14, 2024, DBC formed a Rising Window candlestick pattern, and liquidity significantly improved during the morning session. It is expected to surpass the 20-day average by the end of the session, indicating active trading among investors.
Moreover, the stock price rebounded and retested the old peak from July 2024 (equivalent to the 31,300-32,300 region) as the MACD indicator maintained its upward trajectory after previously signaling a buy signal. Should the stock price successfully breach this resistance zone, the long-term optimistic outlook would be further bolstered.
GVR – Vietnam Rubber Group JSC
On October 14, 2024, GVR witnessed a price increase, and trading volume surpassed the 20-session average, reflecting investors’ optimism.
Additionally, the stock price is retesting the Middle line of the Bollinger Bands, and the Stochastic Oscillator indicator flashes a buy signal again. Should this factor be sustained, a short-term recovery scenario may unfold in the upcoming sessions.
Vietstock Consulting’s Technical Analysis Team
The Market Beat: A Tale of Diverging Fortunes, VN-Index Falters at the 1,295 Mark
The market ended the session in negative territory, with the VN-Index down 2.05 points (-0.16%) to close at 1,286.34. The HNX-Index followed suit, falling 0.65 points (-0.28%) to 230.72. It was a sea of red across the broader market, as sellers dominated with 395 declining stocks compared to 294 gainers. The large-cap VN30-Index also painted a similar picture, with 19 stocks in the red, 8 in the green, and 3 unchanged.
Technical Analysis for October 15: A Creeping Pessimism
The VN-Index and HNX-Index both witnessed declines, alongside a significant surge in trading volume during the morning session, indicating a prevailing sense of pessimism among investors.
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Will VN-Index Break Through the 1,300-Point Resistance in October?
The TPS Research securities analysis center is bullish on the VN-Index surpassing the 1,300-point mark, heralding a new upward trend in October. This presents a prime opportunity for investors to capitalize on the potential influx of funds into the banking and securities sectors.
Are Stocks Running Out of Steam for the Final Quarter?
The VN-Index is poised to surpass the 1,300-point mark by the end of the year, according to experts. However, they caution that this upward trajectory may not be sustainable in the long run if it is not supported by fundamental factors.
