MARKET ANALYSIS FOR THE WEEK OF OCTOBER 27-31, 2025
During the week of October 27-31, 2025, the VN-Index experienced its third consecutive week of adjustment, accompanied by a significant decline in trading volume below the 20-week average.
Risks are escalating as the MACD indicator has crossed below the Signal line, issuing a sell signal. If buying pressure fails to improve, the index may retreat to test the Middle line of the Bollinger Bands (equivalent to the 1,580-1,600 point range).

TECHNICAL ANALYSIS
Trend and Price Oscillation Analysis
VN-Index – MACD Crosses Below Zero
In the trading session on October 31, 2025, the VN-Index declined for the second consecutive session and remained below the 50-day SMA, reflecting subdued investor sentiment.
Additionally, trading volume has consistently stayed below the 20-day average in recent sessions, indicating reduced trading activity among investors.
Meanwhile, the MACD has continued to weaken and crossed below zero after issuing a sell signal, while the index remains below the Middle line of the Bollinger Bands. This suggests a less favorable short-term outlook.

HNX-Index – Stochastic Oscillator Issues Sell Signal
In the trading session on October 31, 2025, the HNX-Index experienced a slight decline, with trading volume below the 20-session average, indicating cautious investor sentiment.
Furthermore, the Stochastic Oscillator has issued a sell signal, while the HNX-Index remains below the Middle line of the Bollinger Bands. This points to a rather pessimistic short-term outlook.

Capital Flow Analysis
Smart Money Flow Dynamics: The Negative Volume Index of the VN-Index is currently above the 20-day EMA. If this condition persists in the next session, the risk of a sudden downturn (thrust down) will be mitigated.

Foreign Capital Flow Dynamics: Foreign investors continued to net sell in the trading session on October 31, 2025. If foreign investors maintain this action in upcoming sessions, the situation will become even more pessimistic.
Technical Analysis Department, Vietstock Advisory Division
– 17:28 November 2, 2025
Foreign Investors’ Sudden Net Selling Spree Targets Bank Stock in Late October
Foreign investors continued their net selling pressure, with values reaching up to trillions of dong per session. The sole exception was the session on October 28th, when foreign investors returned to net buying.
Blue-Chip Stock Code Witnessed Abnormal Accumulation of Over 100 Billion VND by Securities Company’s Proprietary Trading Desk on October 30th Session
Proprietary trading firms have resumed net buying on the Ho Chi Minh Stock Exchange (HOSE), with a total net purchase of VND 82 billion. This marks a significant shift in market sentiment, as these firms leverage their expertise to capitalize on emerging opportunities within Vietnam’s dynamic equity landscape.
Stock Market on October 31: Unpredictable Volatility?
Following a 16-point drop on October 30th, VCBS Securities has advised investors to closely monitor market fluctuations to strategically adjust their stock portfolios and seize timely opportunities.







































