Daily Technical Trader Qatar Tuesday, 25 July 2017 Today s Coverage Ticker Price Target QEWS 197.90 208.00 QSE Index Level % Ch. Vol. (mn) Last 9,579.16 0.84 8.2 QSE Index (Daily) QSE Summary Market Indicators 24 Jul 23 Jul %Ch. Value Traded (QR mn) 231.5 194.6 18.9 Ex. Mkt. Cap. (QR bn) 518.6 514.4 0.8 Volume (mn) 9.9 7.3 36.1 Number of Trans. 3,393 2,671 27.0 Companies Traded 40 39 2.6 Market Breadth 30:7 13:22 Resistance/Support Levels 1 st 2 nd 3 rd Resistance 9,600 9,800 10,000 Support 9,500 9,250 9,000 QSE Index Commentary Overview: The Index moved slightly up and now above the 9,500 level, which is positive. That been said, we are still cautious for a possible correction. But breaking above the 9,600 level may prove positive. Expected Resistance Level: 9,600 Expected Support Level: 9,500 QSE Index (30min) QSE Indices Market Indices Close 1D% RSI Total Return 16,063.68 0.8 59.9 All Share Index 2,726.61 0.9 60.6 Banks 2,929.05 0.8 61.5 Industrials 2,933.16 0.3 57.9 Transportation 2,067.15 0.2 50.5 Real Estate 2,099.98 1.7 58.0 Insurance 4,233.37 0.8 57.8 Telecoms 1,204.32 2.5 62.8 Consumer Goods 5,584.59 0.7 56.5 Al Rayan Islamic 3,810.20 1.1 60.7 RSI 14 (Overbought) Ticker Close 1D% RSI RSI 14 (Oversold) Ticker Close 1D% RSI COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 5
QATAR ELECTRICITY & WATER CO. (QEWS) Price % Ch. Volume Last 197.90 1.23 26,741 (Daily) Resistance/Support Levels (QR) 1 st 2 nd 3 rd Resistance 198.00 208.00 212.00 Support 190.00 185.00 180.00 Commentary Overview: QEWS has created a Double-Bottom formation on (see intraday chart); that is bullish. Moreover, the recent long-legged Doji is positive in relation to the current correction. Expected Target Price: QR208.00 QR212.00 A price breakout above QR198.00 triggers the buy idea. (Hourly) Suggested Stop-Loss Price: QR185.00 COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 2 of 5
Intraday Fibonacci Support and Resistance Levels Daily Moving Averages Support Levels Resistance Levels Ticker Close 3 rd 2 nd 1 st Pivot 1 st 2 nd 3 rd 50 SMA 100 SMA 200 SMA QSE Index 9,579.16 9,508.76 9,528.99 9,541.49 9,561.72 9,581.95 9,594.45 9,614.68 9,494.55 9,923.09 10,154.04 Total Return 16,063.68 15,945.62 15,979.55 16,000.51 16,034.44 16,068.37 16,089.33 16,123.26 15,921.80 16,562.21 16,687.16 All Share 2,726.61 2,707.04 2,712.64 2,716.11 2,721.72 2,727.32 2,730.79 2,736.40 2,691.95 2,805.84 2,831.76 Al Rayan Islamic 3,810.20 3,754.04 3,770.13 3,780.07 3,796.16 3,812.25 3,822.19 3,838.28 3,776.71 3,942.11 3,905.31 Banks & Financials Services MARK 42.00 41.47 41.62 41.71 41.87 42.02 42.11 42.27 41.56 41.74 39.41 CBQK 30.50 30.30 30.38 30.42 30.50 30.58 30.62 30.70 30.30 30.55 31.13 DHBK 31.50 30.67 30.91 31.07 31.32 31.56 31.72 31.97 30.65 31.19 32.99 QIBK 99.00 95.67 96.62 97.21 98.17 99.12 99.71 100.67 96.19 98.64 101.35 QIIK 58.00 57.33 57.72 57.95 58.33 58.72 58.95 59.33 57.18 61.51 62.87 Insurance QATI 72.00 69.33 70.29 70.88 71.83 72.79 73.38 74.33 68.97 70.15 72.28 Consumer Goods & Services MCGS 83.40 81.80 82.45 82.85 83.50 84.15 84.55 85.20 85.55 91.16 79.75 Industrials IQCD 100.30 97.97 98.77 99.26 100.07 100.87 101.36 102.17 99.73 104.94 108.18 QEWS 197.90 194.03 195.14 195.83 196.93 198.04 198.73 199.83 199.19 207.87 214.25 GISS 23.20 22.87 23.00 23.08 23.22 23.35 23.43 23.57 22.02 24.67 27.84 QIGD 50.70 50.03 50.26 50.40 50.63 50.86 51.00 51.23 51.80 56.11 55.98 Real Estate BRES 34.15 33.78 33.90 33.97 34.08 34.20 34.27 34.38 33.13 34.21 33.93 UDCD 17.44 17.37 17.40 17.42 17.44 17.47 17.49 17.51 17.92 18.94 19.69 ERES 13.09 12.78 12.87 12.93 13.01 13.10 13.16 13.24 13.10 14.33 15.02 MRDS 11.42 11.18 11.27 11.33 11.42 11.51 11.57 11.66 11.27 12.24 12.63 Telecommunication ORDS 99.10 95.37 96.70 97.53 98.87 100.20 101.03 102.37 97.76 100.34 100.30 VFQS 8.96 8.30 8.52 8.66 8.88 9.10 9.24 9.46 8.55 8.92 9.33 Transportation QGTS 18.48 18.27 18.38 18.45 18.56 18.67 18.74 18.85 18.17 19.70 21.54 QNNS 68.00 67.47 67.77 67.96 68.27 68.57 68.76 69.07 69.32 72.65 81.50 ; Note: Numbers in Italics denote moving averages that are above the given index level/stock price COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 3 of 5
Definitions: Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening and the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is lower than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices. Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher. Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the security price to head lower. SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus considered a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative price direction and potential support/resistance levels. Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange. MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in a stock's price through a collection of three time series calculated from historical closing price data. RSI (Relative Strength Index): Is a momentum indicator that compares a security s price gains to its losses for a predetermined number of periods (we generally use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be considered as overbought, and below 30 could be considered as oversold. Pattern/Formation: Is a graphical presentation of a security s price activity over a certain period of time. Formations come in different shapes (such as, head & shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc. Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement. Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 5
Contacts: Zaid al-nafoosi, CMT, CFTe Saugata Sarkar Shahan Keushgerian Senior Research Analyst Head of Research Senior Research Analyst Tel: (+974) 4476 6535 Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa Mohamed Abo Daff Sahbi Kasraoui Youssef Elboghdady Senior Research Analyst Acting Head of Trading Head of Institutional Sales & Trading Tel: (+974) 4476 6589 Tel: (+974) 4476 6544 Tel: (+974) 4476 6542 Mohd.abodaff@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa Feras Al-Sarraj QNB Financial Services Head of Sales Contact Center: (+974)4476 6666 Tel: (+974) 4476 6514 PO Box 24025 feras.alsarraj@qnbfs.com.qa Doha, Qatar Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. ( QNBFS ) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.) ( QNB ). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 5 of 5