Market trending to form a new price base around the 1,750-point level

Several securities firms have shared their investment views for the week of 13–17 April 2026, as the VN-Index ended the period lower at the close of the session and finished below the resistance zone near the 50- and 100-day moving averages.

Weekly market performance and emerging range

During the week, the VN-Index rose 65.96 points, or 3.92%, to 1,750. The HNX-Index increased 3.23 points, or 1.3%, to 251.91.

Firms said the market is likely to shift into a choppy, range-bound phase, with clearer divergence across sectors.

Cause: resistance near MA50–MA100 and afternoon selling

TVS noted that the VN-Index continued to test the converged resistance of the 50- and 100-day moving averages (MA50 and MA100) but did not break through and closed just below MA50. It added that supply pressure intensified after a strong up-day accompanied by a spike in liquidity.

TVS also highlighted that selling pressure returned in the afternoon, trimming gains. It said the index turned lower and closed below both MA100 and MA50, maintaining a cautious stance for near-term movements.

Development: new price base around 1,750

BSC said the VN-Index hovered in a range of 1,745–1,765 before closing at 1,750, up more than 13 points from the previous day. It reported that market breadth favored gains, with 11/18 sectors higher. Oil & Gas led the gains, followed by Communications and Chemicals, while Insurance was the biggest laggard.

BSC also stated that foreign flows were net buyers on HSX and HNX but net sellers on UPCOM. It concluded that the market is forming a new price base around the 1,750 level.

Data and technical signals

SHS described the short-term VN-Index trend as positive but confined within a narrow range. It placed support around 1,680, corresponding to the 200-day moving average, and identified resistance near 1,750. SHS added that this resistance area matches the lowest price in February 2026 and the high price of the sharp drop on 09/03/2026.

VCSC said buying interest at higher price levels remains, with clearer leadership from banks. It pointed to a short-term hurdle around MA50 at 1,750, while pullbacks (if any on 13/04) are likely to be contained by nearby support around 1,725.

VCBS said the week ended with a Gravestone Doji as selling pressure rose in the afternoon. It reported that on the daily chart, RSI stalled around 50 and MACD had not crossed above zero, suggesting a choppy range for 1–2 sessions. VCBS also noted the index is approaching the Ichimoku cloud, implying a breakout could occur after momentum confirms around 1,750.

On intraday charts, VCBS cited negative divergence in RSI and a decline in MFI from high levels, indicating near-term selling pressure. It also said liquidity improved versus last week (+5.3%) and that foreign money remains active.

Impact: pressure to retest support and sector divergence

SHS said the near-term VN-Index faces pressure to retest the nearest support at 1,700–1,720. It added that a strong fundamental catalyst would be needed to push through the 1,750 resistance area.

SSI said the range-bound choppiness may continue to test supply–demand absorption in the 1,750–1,755 zone. It stated that the near-term uptrend remains intact as long as the index stays above 1,700–1,720. In a positive scenario, SSI said a convincing breakout through 1,750–1,755 could extend the upside to 1,780–1,800.

TVS reiterated that selling pressure around the MA100–MA50 zone remains substantial and may prevent a break above this region, potentially leading to a test of nearby support at 1,700–1,710.

Analysis and recommended positioning

TVS maintained a cautious view for near-term movements and recommended that investors keep short-term positions with trailing stops. It said trading activity may continue to open positions during market shakeouts or corrections, and advised focusing on sectors with positive Q1 earnings forecasts.

BSC suggested that investors maintain short-term positions while monitoring the market’s ability to hold the newly formed base around 1,750.

SHS recommended maintaining balanced exposure and targeting names with solid fundamentals, leading positions in strategic sectors, and sectors with above-trend growth. It also said investors may consider increasing exposure when geopolitical tensions ease, but only buy in low-support price zones during market corrections.

VCSC said the short-term hurdle around 1,750 remains, and that pullbacks are likely to be contained by support near 1,725. It added that investors should maintain exposure to stocks with clear uptrends and look for new opportunities in names showing supportive signals or approaching resistance tests, with expectations tied to Q1 earnings surprises and deployment during the coming week.

VCBS concluded that the index is likely to move in a choppy range for the next 1–2 sessions, and advised investors to maintain exposure to stocks with clear uptrends while seeking opportunities around supportive signals and resistance tests.

The foreign-flow notes cited by VnEconomy are for reference only. The securities firms may have conflicts of interest with investors.