Kuwait

Updated for week 11 (March 13th - March 17th)

Outlook Overview:

Note: The Kuwait Index rose +2.26% last week.

Trend Analysis:

Outlook = Very Bearish

For information on the Trend Analysis see the Notes section to this post: GCC Trend Analysis

Index Analysis:

Outlook = Bearish

For information on the Index Analysis see this post: Understanding the GCC Weekly Index Analysis

Market Breadth:

Advance/Decline Indicator = Negative
Outlook = Bearish

For information on Market Breadth see this post: Market Breadth

Pattern Match Price Projections:

Just one of the three best matches for the current 25 day price movement is projecting a higher close for the Kuwait Index in five days time.

The average five day price projection across all three best matches is -3.39%.

The combined outlook based on the pattern matching analysis is Bearish.

For information on Pattern Matching see this post: Price Projections Using Pattern Matching

Enjoy.