Smallcap Segment Takes Lead: Deyaar Development PJSC Shifts to Bearish Territory
Deyaar Development PJSC - Mildly bearish to bearish
The stock market is constantly evolving and today, the smallcap segment is taking the lead. United Arab Bank PJSC has emerged as the best performer with a return of 8.00%, while Deyaar Development PJSC is the worst performer with a return of -3.77%. This shows that the smallcap segment is currently driving the market.
Looking at the advance decline ratio of the stocks in this smallcap segment, we can see that 13 stocks are advancing while 9 stocks are declining. This results in a ratio of 1.44x, indicating that the majority of stocks in this segment are performing well.
In terms of technical calls, there have been recent changes in the smallcap index. United Arab Bank PJSC does not qualify as mildly bullish, while Abu Dhabi National Insurance Co. PSC has moved from mildly bullish to bullish. On the other hand, Deyaar Development PJSC has shifted from mildly bearish to bearish.
These changes in technical calls suggest that investors should keep a close eye on these stocks as they may experience significant movements in the near future. With the smallcap segment driving the market today, it is important for investors to stay updated and make informed decisions to capitalize on potential opportunities.