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VNINDEX 29/09/2026: Testing MA50/1,770-point support level after recent decline

EASY STOCK · Technical Analysis Daily Brief
Session: 29/09/2026 VN-Index: 1,777.73 (-2.95 / -0.17%) TA Score: 4/10

⏱ 30-SECOND SUMMARY

  • VN-Index continues to consolidate around the MA50 support zone, briefly breaking below the 1,770-point level mid-session before narrowing losses toward close — the narrowest trading range in multiple sessions, reflecting cautious sentiment.
  • Selling pressure concentrated in Banking, Securities, and Steel groups from session open, while Oil & Gas continues to attract fund inflows — a sector highlighted by several domestic brokerage firms as warranting monitoring.
  • Market breadth shows slight improvement versus prior session (ratio 0.77, from 0.46) but still tilts toward decliners — indicating the market is in a “test” support phase rather than exhibiting clear recovery.
  • Among stocks flagged by quantitative screening, PVP and TRC (Tay Ninh Rubber) surge strongly against the broader market trend — aligned with sectors identified by analysts as showing relative strength.
STEP 1 VN-Index Context & Broader Market Trend

VN-Index closed session 29/09/2026 at 1,777.73 points, down slightly 2.95 points (-0.17%). The morning session opened below reference level; the index at times breached the 1,770-point level (hitting 1,772.54) before buying interest emerged around the MA50 zone, materially narrowing losses toward session close. Intraday range only 10.11 points — the narrowest in multiple recent sessions.

MA20
1,810.1
MA50
1,773.2
MA150
1,796.2
MA200
1,795.6
RSI (14)
44.7
MACD
-1.03
MACD Hist.
-5.93
52-Week Low/High
1,578.4 – 1,933.1

Notably, the MACD main line (not just the Histogram) has officially crossed below zero — the first time in our entire reporting history, further confirming intermediate-term momentum weakness. Closing price remains below MA20, MA150, and MA200, hovering near MA50 (1,773.2) — this level is serving as key technical support.

In plain language: The market resembles someone tentatively stepping down to a lower step (the MA50 zone) — each time price nears that step there appears a hand to catch it (buying support), but force is still insufficient to confidently step back up to higher ground.

HOSE Market Breadth — Last 3 Sessions

Session% Stocks Above MA20% Stocks Above MA50% Stocks Above MA200Advances/DeclinesAdvance/Decline Ratio
25/09/202632.3%33.6%23.7%138 / 1780.78
28/09/202630.1%32.1%23.8%103 / 2250.46
29/09/202630.0%32.6%24.0%130 / 1690.77
Bottom line: The market is in a phase of testing the MA50/1,770-point support zone following a recent decline. Breadth shows slight improvement but still tilts toward declines — additional sessions with clear volume and breadth expansion are needed to confirm genuine recovery rather than consolidation within a narrow range ahead of a sharper move.
STEP 5 Control Panel — VN-Index
4/10
TA Score — Weak Momentum, Minor Improvement from Yesterday (3/10)
MA50 continues to provide support and slight breadth expansion are modest positives, but complete MACD downside cross and price remaining below most longer-term moving averages keep the overall picture weak.
ItemContent
Reference Support Zone1,763 – 1,773 points (28/09 session low & MA50)
Reference Resistance Zone1,796 – 1,810 points (MA150/MA200/MA20 cluster)
TA Score4/10 — Weak Momentum, Minor Improvement
📌 Stocks Flagged by Quantitative Screening

On 29/09, 47 HOSE stocks met 6-8/8 Trend Template criteria. Three selected: PVP (Pacific Oil Transport), HHP (Tay Ninh Rubber Resources), TRC (Tay Ninh Rubber) — aligned with sectors identified by several domestic brokerages as showing relative strength in a consolidating market.

PVP — Pacific Oil Transportation Strong Breakout, Very Hot RSI

Close: 21.90 (thousand VND), +5.04% · TT Score: 8/8 · RS Rating: 99
IndicatorValue
Price Path Since 23/0919.50 → 19.20 → 20.50 → 20.85 → 21.90 — up ~12% over 5 sessions, outperforming broader market
RSI(14)79.9 — extremely overbought zone

PVP shows impressive gains amid broader market weakness, consistent with Oil & Gas transportation group flagged as a fund-flow focal point. RSI has entered extremely overbought territory — exercise particular caution regarding pullback risk.

TRC — Tay Ninh RubberSign of Strength, RSI Hot

Close: 23.80 (thousand VND), +3.93% · TT Score: 8/8 · RS Rating: 98
IndicatorValue
Session 29/09 RangeOpen 23.00 → High 24.20 → Close 23.80 (69.2% — upper half of range)
Volume 29/09456.1K shares — more than double 20-session average (190.8K)
RSI(14)70.2 — verging on overbought

TRC delivered a breakout session with clear volume confirmation — a notable Sign of Strength signal. The Rubber sector is also flagged by analysts for positive Q3 earnings momentum potential.

HHP — HHP Global Consolidating After Gains

Close: 17.75 (thousand VND), -0.28% · TT Score: 8/8 · RS Rating: 98
IndicatorValue
Session 29/09 RangeOpen 17.80 → High 18.10 → Close 17.75 (12.5% — near lower end of range)
RSI(14)75.4 — hot zone

Following several strong sessions, HHP consolidated today with a closing print near the lower end of range — a mild consolidation phase acceptable given RSI elevation; not yet a reversal signal.

Bottom line: All three stocks maxed out 8/8 Trend Template criteria and demonstrate relative strength versus the broader market, aligned with analyst-flagged sectors showing resilience. However, all three RSI levels are elevated to very hot — exercise caution regarding near-term pullback potential despite positive longer-term positioning.
📰 Market Developments (Verified Public Sources)

The following facts are compiled from public sources to contextualize the backdrop; they do not constitute and do not replace the technical analysis in sections above.

Domestic media reported 29/09 morning session opened in heavy red, with selling pressure concentrated in Banking, Securities, and Steel groups; the index briefly breached the 1,770-point level before bottom-fishing support helped narrow losses toward close. Source: HDBS; Vietstock, 29/09/2026.
Per Yuanta Securities Vietnam, amid market consolidation, short-term investors should prioritize monitoring sectors with relative strength or positive Q3 earnings outlook including Oil & Gas, Oil Transportation, Rubber, Fertilizer, Retail, and Insurance. Kafi Securities assessed that VN-Index may consolidate within 1,770-1,810 points near-term, with 1,770 as a critical level to monitor. Source: Tuoi Tre; Vietstock, 29/09/2026.

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