Islamic bank breaks support as momentum fades sharply
Price holds flat at 22.00 after a weekly decline of 2.48%. The RSI at 31.6 signals oversold conditions, while the stock trades 2.96% below its 50-day moving average, confirming downside pressure. A range breakout down pattern (70% confidence) suggests further weakness ahead.
Volume divergence (54% confidence) indicates selling intensity outpacing buying interest, a bearish structural signal. Realized volatility stands at 12.78% over 20 days, with ATR at 0.253 reflecting moderate daily swings in a weakening environment.
Watch the 21.75 level as immediate support; a break below opens toward 21.50. The nearest catalyst remains unclear, but oversold RSI suggests potential for a short-term bounce, though the bearish pattern setup argues against holding longs without fresh catalysts.
— By Fiper AI · Updated automatically every 4 hours · Skip to chart ↓
Price · Candlestick
Key Levels
Resistance · current · support
22.2224h high55%
22.30Fib 78.6%50%
22.43Prev week high70%
22.58Fib 61.8%50%
22.00Current price·
21.92Prev month low85%
Pattern Read
Rule-based · last 60 sessions
20-day range breakdown70% confidence
Price has broken below its prior 20-day low — momentum continuation to the downside.
Volume divergence54% confidence
Down sessions are trading on heavier volume than up sessions — distribution signal.
Correlations Today
Cross-asset · 30-day daily-return Pearson · refreshes every 4 hours
Correlations populate on the next scheduled compute cycle.
Statistical Snapshot
Technical indicators · plain language
RSI (14d)
31.60
Neutral, leaning weak
ATR (14d)
0.25
Average true range (14d)
Realized vol (20d)
12.78%
Below average
50-day MA dist
-2.96%
Trading below 50-day MA
Weekly change
-2.48%
Change over last 5 sessions
Monthly change
-5.29%
Change over last 20 sessions
Catalysts · Next 7 Days
High + medium impact events
No major catalysts identified in the next 7 days.
Smart Suggestions
From cross-asset correlations
No strong cross-asset relationships in the current 30-session window — trade this instrument on its own merits.
24h High
22.22
24h Low
22.00
24h Change
+0.00%
24h Volume
$21.5M
Quote Details
Last update: 2026-05-16T06:48:22+00:00
Bid
22.00
Ask
22.00
Spread
0.0022
Trades 24h
—
24h Open
22.15
Volume (base)
Mid
22.00
Provider Symbol
QIBK
Spread shown is an indicative inter-bank reference — actual broker spreads vary by venue and account type.
Instrument Specs
SymbolQIBK.QA
Base / Quote / QAR
Contract Size—
Tick Size0.01
Pip Value (USD)$0.1000
Trading Hours
—
Sentiment · 24hvia Fiper Terminal
QIBK.QASentiment unavailable in last 48h
Sentiment derived from news articles over the last 24 hours.
This is a general assessment based on the S&P Shariah Indices and AAOIFI standards, not a fatwa. For final investment decisions, consult a certified Shariah supervisory board.