Technical perspective of the stock market

Securities Investment Newspaper summarizes the technical analysis reports of some securities companies for the trading session on April 26.

DATX Vietnam Joint Stock Company

The market had a mildly volatile session, with the lowest liquidity since the beginning of 2024 until now. Low liquidity represents weak cash flow and suspicious sentiment throughout the market. This is also a common characteristic of VN-Index bottoming periods.

In addition, investors also do not want to hold stocks through long holidays.

Cash flow is concentrated in stock groups with positive financial reports for the first quarter of 2024 and benefiting from macroeconomics such as: technology; stock…

DATX’s AI system is reflecting that the market is in an attempt to recover, however, the money flow is still weak and needs more signals to confirm the uptrend.

We think that investors can continue to hold stocks purchased at low prices in recent sessions, and should not use margin to buy stocks.

Asean Securities Company

The downtrend is still the dominant trend in the daily chart frame. However, this trend may reverse in the near term if the MACD line crosses the signal line.

After today’s session, when VN-Index narrowed its fluctuations, MACD histogram is gradually narrowing its amplitude, creating a premise for MACD to cross above the Signal line.

Momentum indicators recorded an increase again as the market recovered, MFI gradually increased, showing that volume is returning to the market. The positive point is that the MFI is at 30, showing that the market still has a recovery margin and selling pressure will not be too great in the short term.

MB Securities Company – MBS

With the psychology of resting before the long holiday dominating, the market also ignored supportive information in recent days. The decrease in liquidity accompanied by the expansion of the fluctuation range downward to find demand shows that the need to exit is dominant.

This is also understandable when there is a long holiday ahead, investors often reduce borrowing costs by reducing the proportion of stocks in their portfolio.

Technically, the VN-Index has dropped 50 points since its peak in April, or 4.54%. The downward pressure mainly comes from the bluechips group VN30 (-5.19%). The support levels for the current correction are: 1,030 points, 1,023 points and 1,017 points.

Lac Nhan