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Q
Qatar Islamic Bank
QIBK.QA
Stocks Market Closed Shariah Compliant
22.00
+0.00% Updated 6 minutes ago
AI ANALYST BRIEF
Bearish

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.

Price · Candlestick

Key Levels

Resistance · current · support
22.22 24h high 55%
22.30 Fib 78.6% 50%
22.43 Prev week high 70%
22.58 Fib 61.8% 50%
22.00 Current price ·
21.92 Prev month low 85%

Pattern Read

Rule-based · last 60 sessions
20-day range breakdown 70% confidence
Price has broken below its prior 20-day low — momentum continuation to the downside.
Volume divergence 54% 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

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 · 24h via Fiper Terminal
QIBK.QA Sentiment unavailable in last 48h
Sentiment derived from news articles over the last 24 hours.
News · QIBK.QA 0 articles · last 7 days
No news coverage for QIBK.QA in the last 7 days.
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