NBADS - Daily Technical Report - 02nd Nov 2016

Trend - Short Term Medium Term DFM Index - Index Summary

DFMGI
The market behaved mixed yesterday Last Close 3322.45
with few stocks attracted profit taking and Net Change -9.96
select outperformes witnessed further % Change -0.30%
accumulation. Immediate resistance is Open 3332.41
High 3338.87
seen at 3350 (the neckline) which needs to
Low 3320.07
be broken to target the 3440 level.
Volume 284,006,400
Break below the support at 3300, could
Traded Value 454,050,950
attract further selling and target 3250 near
YTD% 5.44%
term. Overall expect a range bound
movement in the coming sessions.
Look to hold the outperformers and add Technical Analysis Indicators
them from the lower support levels. SMA - 20 Day 3335.29 Bearish
SMA - 50 Day 3433.41 Bearish
SMA - 100 Day 3429.00 Bearish
SMA - 200 Day 3330.61 Bearish
-
Upper Bollinger 3387.28
Lower Bollinger 3283.31
RSI - 3 day 44.08 Neutral

RSI - 14 day 41.17 Neutral

Stochastic Slow Bearish
.
MACD Bullish
3350
Parabolic 3283.34 Bullish
) (
. 3440

Fundamental Ratios
3300
P/E Ratio 12.03
3250
3 2 1 1 2 3
. P/B Ratio 1.23
S3 S2 S1 Pivot Point R1 R2 R3
.
3,290 3,308 3,315 3,327 3,334 3,346 3,365

.
NBADS Daily Technical Report
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Trend - Short Term Medium Term ADX Index - Index Summary
ADSMI
The main trend still remains bearish, Last Close 4307.39
struggling to form a bottom near the 50% Net Change 7.21
% Change 0.17%
Fibonacci retracement level.
Open 4299.68
High 4309.36
Immediate supports are at 4260/4216
Low 4280.59
with resistance levels at 4320/4353. Volume 124,954,000
Traded Value 145,430,300
Only a close over the 50 week SMA at YTD% 0.00%
4353 shall be considered bullish.

Technical Analysis Indicators
SMA - 20 Day 4316.58 Bearish
SMA - 50 Day 4420.94 Bearish
SMA - 100 Day 4461.37 Bearish
SMA - 200 Day 4373.77 Bearish
-
Upper Bollinger 4411.42
Lower Bollinger 4221.74
RSI - 3 day 74.84 Overbought
RSI - 14 day 42.86 Neutral
50 Stochastic Slow Bullish
. MACD Bullish
Parabolic 4246.13 Bullish
4216 4260
. 4353 4320
Fundamental Ratios
P/E Ratio 11.19
50 3 2 1 1 2 3
. P/B Ratio 1.36
S3 S2 S1 Pivot Point R1 R2 R3
4,242 4,270 4,289 4,299 4,318 4,328 4,357

NBADS Daily Technical Report

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Trading Idea - Buy DXB Entertainments - Stock Summary
dxbe
Profit taking from the trendline Last Close 1.56
resistance of AED1.66 found support over Net Change -0.01
the neckline at AED1.54 and formed a Doji % Change -0.64%
on the daily chart, hints renewed buying Open 1.56
High 1.57
activity which may push the stock higher
Low 1.54
towards the resistance zone at
Volume 24,670,446
AED1.62/1.66 in the short term.
Traded Value 38,422,640
YTD% 45.81%
Look to buy using AED1.54 as the stop.

Technical Analysis Indicators
SMA - 20 Day 1.55 Bullish
SMA - 50 Day 1.60 Bearish
SMA - 100 Day 1.59 Bearish
SMA - 200 Day 1.40 Bullish
-
Upper Bollinger 1.65
Lower Bollinger 1.45
RSI - 3 day 24.76 Oversold
1.66
RSI - 14 day 47.29 Neutral
1.54
Stochastic Slow Oversold
." + "
MACD Bullish

Parabolic 1.66 Bearish
1.66 1.62
.

Fundamental Ratios

P/E Ratio #N/A N/A
. 1.54
3 2 1 1 2 3
P/B Ratio 1.62
S3 S2 S1 Pivot Point R1 R2 R3
Book Value 0.96
1.50 1.53 1.54 1.56 1.57 1.59 1.62

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Trading Idea - Hold Union Properties - Stock Summary
upp
Last Close 0.730
The stock formed a bullish reversal Net Change 0.02
pattern, tested the neckline and the 50 % Change 2.82%
day SMA at AED 0.73 yesterday. Open 0.705
Expected to attract further buying over High 0.731
the neckline resistance and target its Low 0.705
previous high at AED 0.78/0.84 in the Volume 30,409,389
medium term. Traded Value 21,949,710
The chart shows mirror image counts, YTD% 5.27%
centered by the blue line dividing into two
parts, with recent recovery in Part B
headed towards the Count 4 is clearly Technical Analysis Indicators
SMA - 20 Day 0.71 Bullish
replicating the Part A in the chart.
SMA - 50 Day 0.73 Bearish
SMA - 100 Day 0.74 Bearish
SMA - 200 Day 0.73 Bullish
-
Upper Bollinger 0.73
Lower Bollinger 0.69
RSI - 3 day 91.49 Overbought
RSI - 14 day 57.32 Neutral
50 Stochastic Slow Oversold
. 0.73 MACD Bullish
Parabolic 0.68 Bullish


. 0.84 / 0.78 Fundamental Ratios
P/E Ratio 5.82
<< >> 3 2 1 1 2 3
P/B Ratio 0.53
S3 S2 S1 Pivot Point R1 R2 R3
" " Book Value 1.37
0.670 0.696 0.713 0.722 0.739 0.748 0.774
" " " 4 "
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NBADS Daily Technical Report
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Trading Idea - Hold Eshraq Properties - Stock Summary
emaar
Last Close 6.86
Yesterday recovery on higher volume Net Change -0.11
hints a retest of the 61.8% Fibonacci % Change -1.58%
retracement level at AED0.87. Open 6.96
High 6.96
Traders may look to hold and add Low 6.86
further on its next bullish breakout. Volume 8,795,347
Traded Value 60,759,680
YTD% 20.56%

Technical Analysis Indicators
SMA - 20 Day 6.78 Bullish
SMA - 50 Day 6.98 Bearish
SMA - 100 Day 6.79 Bullish
SMA - 200 Day 6.34 Bullish
-
Upper Bollinger 7.09
Lower Bollinger 6.47
RSI - 3 day 46.94 Neutral
50.48
RSI - 14 day Neutral
61.8
Stochastic Slow Oversold
. 0.87 MACD Bullish
Parabolic 6.64 Bearish

.
Fundamental Ratios
P/E Ratio 11.25
3 2 1 1 2 3
P/B Ratio 1.23
S3 S2 S1 Pivot Point R1 R2 R3
Book Value 5.60
6.69 6.79 6.83 6.89 6.93 6.99 7.09

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 Daily Support & Resistance for DFM -

Support 3 Support 2 Support 1 Pivot Point Resistance 1 Resistance 2 Resistance 3

DFM INDEX 3,290 3,308 3,315 3,327 3,334 3,346 3,365
AIR ARABIA 1.26 1.28 1.29 1.30 1.31 1.32 1.34
ARAMEX 3.47 3.52 3.54 3.57 3.59 3.62 3.67
ARABTEC 1.29 1.31 1.32 1.33 1.34 1.35 1.37
GGICO 0.449 0.456 0.459 0.463 0.466 0.470 0.477
DEYAAR 0.513 0.523 0.530 0.533 0.540 0.543 0.553
DFM 1.10 1.12 1.13 1.14 1.15 1.16 1.18
DIB 5.11 5.16 5.17 5.21 5.22 5.26 5.31
DIC 1.94 1.99 2.02 2.04 2.07 2.09 2.14
AMANAT 0.847 0.859 0.865 0.871 0.877 0.883 0.895
DRAKE & SCULL 0.442 0.449 0.452 0.456 0.459 0.463 0.470
DU 5.94 6.00 6.02 6.06 6.08 6.12 6.18
EMAAR 6.69 6.79 6.83 6.89 6.93 6.99 7.09
DAMAC 2.16 2.19 2.20 2.22 2.23 2.25 2.28
GULF NAVIGATION 1.14 1.15 1.16 1.17 1.18 1.19 1.20
SALAMA 0.447 0.455 0.459 0.463 0.467 0.471 0.479
SHUAA 1.06 1.08 1.09 1.10 1.11 1.12 1.14
TABREED 1.70 1.75 1.78 1.80 1.83 1.85 1.90
UPP 0.670 0.696 0.713 0.722 0.739 0.748 0.774
GFH 1.18 1.22 1.25 1.26 1.29 1.30 1.34
EMAAR MALLS 2.45 2.53 2.58 2.61 2.66 2.69 2.77
AMLAK 1.19 1.21 1.22 1.23 1.24 1.25 1.27
ALSALAM BANK 0.809 0.820 0.825 0.831 0.836 0.842 0.853
DUBAI PARKS 1.50 1.53 1.54 1.56 1.57 1.59 1.62
Takaful House 1.00 1.01 1.02 1.03 1.04 1.05 1.06

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 Daily Support & Resistance for ADX -

Support 3 Support 2 Support 1 Pivot Point Resistance 1 Resistance 2 Resistance 3

ADX INDEX 4241.57 4270.34 4288.87 4299.11 4317.64 4327.88 4356.65
ADCB 6.06 6.10 6.12 6.14 6.16 6.18 6.22
ADIB 3.30 3.38 3.42 3.46 3.50 3.54 3.62
MANAZEL 0.44 0.46 0.47 0.48 0.49 0.50 0.52
AGTHIA 5.90 5.94 5.97 6.00 6.03 6.07 6.10
ALDAR 2.49 2.57 2.63 2.65 2.71 2.73 2.81
DANA GAS 0.50 0.51 0.52 0.53 0.54 0.55 0.56
ESHRAQ 0.73 0.77 0.79 0.81 0.83 0.85 0.89
ETISALAT 18.32 18.57 18.68 18.82 18.93 19.07 19.32
FGB 11.43 11.48 11.52 11.53 11.57 11.58 11.63
METHAQ 0.77 0.79 0.80 0.81 0.82 0.83 0.85
NBAD 8.27 8.54 8.72 8.81 8.99 9.08 9.35
WAHA CAPITAL 1.80 1.83 1.84 1.86 1.87 1.89 1.92
RAKPROP 0.59 0.60 0.61 0.62 0.63 0.64 0.65
UNB 3.81 3.87 3.90 3.93 3.96 3.99 4.05

NBADS Daily Technical Report 7

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This report has been prepared and issued by NBAD Securities on the basis of publicly available information and other resources considered reliable. This report is not to be construed as an offer to buy or sell securities. While utmost care has been taken to ensure that the
information provided is accurate and correct, neither NBAD Securities nor any of its employees shall, in any way, be responsible for the contents. NBAD Securities is a subsidiary of National Bank of Abu Dhabi and is licensed by the Emirates Securities and Commodities
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NBADS Daily Technical Report

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