AFC Agro Biotech Limited (AFCAGRO) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
AFC Agro Biotech had a strong first half of 2026, climbing from ৳4.00 in November 2025 to ৳8.30 in June. Since July it has given most of that back. The fall sped up in early October, when price dropped from ৳5.70 to ৳4.90 in three sessions. For the past four weeks it has moved in a narrow band between ৳4.70 and ৳5.10, closing at ৳4.90 on 1 November. The 50-day average (the average closing price of the last 50 trading days) is ৳5.86 and the 200-day average (the same over 200 days) is ৳6.57, both above the price, which is how a downtrend appears on a chart. The levels to watch are ৳4.70 at the bottom of the current band and ৳5.10 at the top, with ৳4.00 and ৳5.86 further away.
Key levels
Support is a price where buying has halted falls; resistance is where selling has stopped rises. On AFC Agro, ৳4.70 has held as the floor twice in late October, while ৳5.00–5.10 has stopped every bounce. Further up, ৳6.5–6.9 was a floor in August and September before giving way, and ৳8.0–8.3 marked the June peak.
Trend on each timeframe
The monthly, weekly and daily charts all show price below falling averages, describing a decline that started in July. The hourly chart is the exception: it has gone flat since 8 October, with price wrapped around its short averages, showing a pause rather than continued falling in the very short term.
Monthly Down
Each candle is one month across about ten years. The orange line is the 12-month average (৳6.33); the RSI (14) panel, a 0–100 momentum gauge, reads 32.8; volume bars sit at the bottom. Price peaked near ৳40 in 2021, sat flat through 2022–23, then fell through 2024–25 to a low of ৳4.00 in November 2025. A 2026 bounce reached ৳8.30 in June and briefly lifted price over the 12-month line, but it has since fallen back under it to ৳4.90.
Weekly Down
Each candle is one week. The orange line is the 10-week average (৳5.55) and the blue line the 40-week (৳6.73). The MACD panel, which compares a fast and slow average, reads −0.57 under its −0.34 signal, so downward momentum is still building. Price climbed from ৳4.0 in late 2025 to ৳8.30 in June 2026, crossing above the 40-week line, then turned down in July. It dropped below the 40-week line in September and has closed near ৳4.80–4.90 for four weeks, on light weekly volume.
Daily Down
Each candle is one day over about a year. The green line is the 50-day average (৳5.86) and the purple line the 200-day (৳6.57). After a low of ৳4.00 in November 2025, price rallied to ৳8.30 by June 2026 with heavy volume, staying above both lines. From July it eased, lost the 200-day line in early September and fell sharply in early October, from ৳5.70 to ৳4.90 in three sessions. Since then it has stayed between ৳4.70 and ৳5.10, with volume of 45,891 shares on 1 November, below average.
Hourly Sideways
Each candle is one trading hour over about two months. The orange line is the 20-hour exponential average (৳4.86) and the blue line the 50-hour (৳4.95). Price slid from about ৳6.9 in early September to ৳4.90 by 8 October, staying under both lines. Since then candles have moved sideways between ৳4.70 and ৳5.10, the two averages have flattened, and hourly RSI sits at a neutral 51.5. Hourly volume has been thin, mostly under 50,000 shares.
Momentum and volume
The down-move has been strong, with ADX near 59 and the selling reading well above the buying one. Lately the pressure has eased: RSI lifted from the low 20s to about 33 and MACD crossed above its signal line. Trading volume has dropped to about three-quarters of its usual level, so few shares are changing hands during the pause.
Each candle is one day over about six months. Bollinger Bands mark two standard deviations around the 20-day average; they read ৳4.44–5.61 with a ৳5.03 middle. Price hugged the lower band through September and broke under it in early October, then moved back inside. RSI (14) fell into the low 20s in mid-October and is now 32.7. MACD (−0.31) has crossed above its signal (−0.35), showing the down-move has slowed. ADX, a trend-strength gauge, is 59.4, with −DI 25.9 still well above +DI 7.8.
What would change the picture
Each scenario card names a closing price and describes how the chart's structure would change if price closed beyond it. They are conditions to watch, not predictions, and they do not say which way the price will move.
Recent changes and what followed
Each row is a day a tracked signal changed, and the price move over the next 5, 20 and 60 trading days (blank until that many days have passed). Past moves do not predict future ones.
| Date | Change | Close | Next 5 days | Next 20 days | Next 60 days |
|---|---|---|---|---|---|
| 2026-11-01 | RSI rose back above 30 | ৳4.90 |
- Computed from daily closing prices (method t1, wording agent-2); history kept from 2026-11-01.
- Describes price history only. Not investment advice, not a rating or a price target.