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Q
Qatar National Bank
QNBK.QA
Stocks Market Closed Mixed (Conditional)
17.34
+0.23% Updated 1 hour ago
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AI ANALYST BRIEF
Lean Bearish

Qatar National Bank breaks lower as technicals weaken further

Price slipped 4.73% over the weekly timeframe to 17.34, trading 2.09% below the 50-day moving average. RSI(14) at 41.2 signals weakening momentum, while ATR(14) of 0.3043 indicates modest volatility. A range breakout down pattern with 70% confidence suggests continued downside pressure.

The range breakout down and bearish MA50 crossover (53% confidence) align to reinforce directional weakness. Volume divergence at 35% confidence adds marginal concern, though no cross-asset correlations are available to contextualize broader market drivers. Realized volatility of 14.56% over 20 days remains moderate.

Key support to monitor lies near the 50-day moving average around 17.71. Immediate resistance emerges at 17.65–17.70. No announced catalyst is imminent; technical recovery would require a breach above the 50-dma coupled with RSI stabilization above the 45 level.

Price · Candlestick

Key Levels

Resistance · current · support
17.48 Fib 61.8% 50%
17.55 24h high 55%
17.66 50-day moving average 60%
17.73 Fib 50.0% 50%
17.34 Current price ·
17.23 Prev month low 85%
17.13 Fib 78.6% 50%
17.00 Round figure 40%

Pattern Read

Rule-based · last 60 sessions
Consolidation phase
No directional patterns detected — price action consolidating in current range.

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)
32.80
Neutral, leaning weak
ATR (14d)
0.35
Average true range (14d)
Realized vol (20d)
12.52%
Below average
50-day MA dist
-1.79%
Trading below 50-day MA
Weekly change
-0.91%
Change over last 5 sessions
Monthly change
-0.06%
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
17.55
24h Low
17.23
24h Change
+0.23%
24h Volume
$28.1M
Quote Details Last update: 2026-05-16T07:44:59+00:00
Bid
17.34
Ask
17.34
Spread
0.0017
Trades 24h
24h Open
17.55
Volume (base)
1.62M@elseif($v >= 1e3)1,622.8K@else1,622,825.00
Mid
17.34
Provider Symbol
QNBK
Spread shown is an indicative inter-bank reference — actual broker spreads vary by venue and account type.
Instrument Specs
SymbolQNBK.QA
Base / Quote / QAR
Contract Size
Tick Size0.01
Pip Value (USD)$0.1000
Trading Hours
Sentiment · 24h via Fiper Terminal
QNBK.QA Sentiment unavailable in last 48h
Sentiment derived from news articles over the last 24 hours.
News · QNBK.QA 0 articles · last 7 days
No news coverage for QNBK.QA in the last 7 days.