Al-Arafah Islami Bank PLC. (ALARABANK) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Al-Arafah Islami Bank closed at ৳14.80 on 1 November 2026. Over the past year the stock has swung widely. It fell to ৳12.00 in November 2025. Heavy buying in February 2026 lifted it to ৳18.50, and an August rally reached ৳19.50, the highest price of the past 52 weeks. Since mid-September the price has moved sideways between about ৳14.50 and ৳16.30. Today it is near the bottom of that band. It is also below its 50-day average (the average closing price of the last 50 trading days, ৳15.88) and its 200-day average (the same for 200 days, ৳15.46). Both averages have flattened, which fits a market with no clear direction. Watch the ৳14.50 floor below and the ৳16.30 ceiling above.
Key levels
Support is a price where buying has stopped falls before; resistance is where selling has capped rises. For this stock, ৳14.50–৳14.90 has stopped declines several times since September, including 1 November's dip to ৳14.50. On the upside, ৳16.20–৳16.30 capped October rallies, and ৳19.50 is the August peak.
Trend on each timeframe
The monthly chart still shows a long decline from the 2024 peak, with price under its 12-month average. The weekly and daily charts show a sideways range around flat averages. The hourly chart is the weakest, with price under falling short-term averages. Over months the trend is down, while over weeks the price is drifting sideways.
Monthly Down
Each candle is one month, covering about ten years. The orange line is the 12-month simple average, the average close of the last 12 months. The RSI panel measures momentum from 0 to 100, with 50 as neutral. The stock peaked at ৳28.60 in August 2024 and fell to ৳12.00 in November 2025. A volume spike in February 2026 (19.6 million shares) lifted it to ৳18.50. November so far: close ৳14.80, below the average at ৳15.35. RSI is 41.9, below the midline.
Weekly Sideways
Each candle is one week, covering about four years. Orange is the 10-week average and blue is the 40-week average. MACD, below, compares a fast and a slow trend average. When MACD is under its signal line, upward momentum is fading. A 7.3-million-share week in early February 2026 took price from ৳13.00 to ৳17.90. The August rally reached ৳19.50. Weekly lows have held near ৳14.90 since mid-September. Price is under both averages, and MACD (-0.16) is below its signal (0.02).
Daily Sideways
Each candle is one trading day, covering about a year. Green is the 50-day average and purple is the 200-day average, the average close of the last 200 sessions. Price fell from the ৳19.50 August high to ৳14.50 on 14 September. Since then it has stayed between ৳14.50 and ৳16.30. Both averages have flattened. Price is now below both: ৳14.80 against ৳15.88 and ৳15.46. Daily volume has been light since August, apart from a 1.26-million-share day in July.
Hourly Down
Each candle is one trading hour, covering about two months. Orange and blue are 20- and 50-hour exponential averages, which give more weight to recent prices. Price dropped from about ৳17.50 in late August to the ৳15.00 area by mid-September. It then moved between about ৳14.90 and ৳16.20. On 1 November an hour traded down to ৳14.50, the session's low, and price closed at ৳14.80. Both averages slope down and sit above price. Hourly RSI is 36.1.
Momentum and volume
Momentum is soft but not extreme. RSI at 41 shows sellers have a slight edge without the stock being oversold. ADX at 11.9 means there is little trend in either direction. The Bollinger Bands have narrowed, so daily swings have become smaller. Volume is low compared with the busy February and July periods.
Each candle is one day, covering about six months. Bollinger Bands are lines two standard deviations above and below the 20-day average, so they widen when price swings more. RSI shows momentum (0–100). MACD tracks trend momentum. ADX measures trend strength, where a reading under 20 means no clear trend. The July–August rally pushed RSI above 70 and ADX near 60. Since September the bands have narrowed to ৳14.62–৳15.99 and ADX has fallen to 11.9. RSI is now 41.2, and MACD and its signal are both at -0.13.
What would change the picture
Each scenario card names a price condition and what it would mean for the chart's structure if it happened. They are conditions to watch, not predictions.
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 | MACD crossed below its signal line | ৳14.80 |
- 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.