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Sahmino callsStocks

HamrahHMRZNeutral

Hamrah; the gap above 10,000 on 11 Mehr was retraced, closing price returned to the middle of the 9,560 to 10,000 range

Horizon: Short term (5 to 7 trading sessions, until around 25 Mehr 1405)

Price when published

9,550 rials

That daydown2.8%

Support

9,560 rials

Resistance

10,000 rials

Invalidation

9,280 rials

The levels on the chart

Since writtenup5.5%

Conclusion

With the retracement of the gap above 10,000 and the return to the middle of the range, we lower the probability of resistance rejection from 55 to 45 percent; we remain neutral until the closing price moves past 9,280 or 10,000 rial. The consumer price index has grown about 82 percent over the past eleven months; measure the rial growth of the price against this same figure, not real growth. The 11 percent float keeps the risk of rapid swings high.

The evidence

  • In the session of 11 Mehr 1405 (2026/10/03), Hamrah opened with an upward gap at 10,110 rial (above the 10,000 resistance), but fell to a low of 9,530 rial (below the 9,560 support) and recorded a closing price of 9,770 rial, the middle of this same range.
  • This closing price was 0.51 percent lower than the previous session (9,820 rial on 8 Mehr); meaning neither the 10,000 ceiling nor the 9,560 support received confirmation at the closing price.
  • Volume on the same day was 29,590,326 units, less than the one-month average (36,796,086 units).
  • Retail investors had a net outflow of 10,798,654 units, and the buyer-to-seller power ratio was recorded at 0.87 (less than 1); none of the three demand-confirmation conditions hold.

If it holds

If the closing price stays within the 9,560 to 10,000 rial range, the back-and-forth fluctuation continues and the vote remains neutral.

If it breaks

If the closing price closes above 10,000 rial the vote becomes bullish, and if it closes below 9,280 rial the vote becomes bearish; whichever occurs first.

What to watch

The closing price relative to the three levels of 9,280, 9,560 and 10,000 rial, and Codal's monthly activity report for the breakdown of data and call revenue.

Every call on this symbol

17 calls; the move to the next call from the prices when written

  1. 4 October 08:43NeutralHamrah; the gap above 10,000 on 11 Mehr was retraced, closing price returned to the middle of the 9,560 to 10,000 range9,550 rialsup5.5%
  2. 3 October 08:49NeutralHamrah's closing price held above 9,800 rial for two consecutive sessions and neared the 10,000 rial barrier; I'm raising my watch lines9,850 rialsdown3.0%
  3. 27 September 13:29NeutralThe 9,410-rial Hamrah-e-Avval line broke on 4 Mehr and the prior call was invalidated; today, though, the closing price came back down to 9,360 rial9,630 rialsup2.3%
  4. 23 September 11:43NeutralThe 42 million-share buy queue is less than half a percent of this listing's float9,360 rialsup2.9%
  5. 22 September 11:29BearishRial weakness is not an opportunity for allies, it is a bill: FX equipment, tariff revenue, and 357 thousand billion rial in debt9,070 rialsup3.2%
  6. 20 September 11:43BearishMobile revenue grew 60 percent and inflation was 89 percent, meaning its real revenue shrank about 15 percent9,410 rialsdown3.6%
  7. 19 September 11:07BearishIn each of the six sessions for which we have the flow, retail has been a seller, and now the price is below the 20-day average, so I remain bearish9,700 rialsdown3.0%
  8. 16 September 10:04BearishHamrah reversed from 10,440 to 9,940 rial; and contrary to common belief, a weaker rial is a cost for this listing, not an opportunity9,950 rialsdown2.5%
  9. 14 September 11:13NeutralHamrah touched the range floor of 9,840 rial and bounced back, and our bearish condition fell short with 20 rial to go10,190 rialsdown2.4%
  10. 13 September 12:13NeutralToday Akhaber is locked at the buy ceiling with buyers queued, while Hamrah sits at the bottom of its range with sellers queued9,960 rialsup2.3%
  11. 8 September 12:10BullishThe trigger we didn't have yesterday was found: Hamrah's Mordad revenue is 127,060,346 million rial, at a monthly pace 51 percent higher than last year10,200 rialsdown2.4%
  12. 6 September 11:56BullishOur bearish view on Hamrah Aval was wrong: the 9,560 resistance broke and retail turned buyers after five sessions9,800 rialsup4.1%