Emerald Oil Industries Limited (EMERALDOIL) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Emerald Oil fell for more than two years from its 2023 peak, bottoming at ৳10.2 in November 2025. It then recovered strongly, roughly tripling to ৳31.8 by early August 2026. Since then the price has moved sideways, mostly between about ৳25 and ৳30, without making a new high or a new low. Late October brought a dip to ৳24.8, but the last three sessions bounced, and today it closed at ৳27.40, up 3.8% on higher-than-usual trading. Price now sits right at its 50-day average (the average closing price of the last 50 trading days, ৳27.70) and well above its 200-day average (the same over 200 days, ৳21.10), which is still rising. The levels to watch are ৳24.8 below, the bottom of the sideways range, and ৳29–31.8 above, its top.
Key levels
Support is a price where falls have stopped before; resistance is where rises have stalled. For Emerald Oil, buyers stepped in near ৳25 twice, in mid-September and late October. On the upside, rallies stalled at ৳30.4 in September and ৳29.0 in October, while ৳31.8 from August is the 52-week high and the top of the range.
Trend on each timeframe
The monthly chart shows a recovery from the ৳10.2 low, with price above a rising 12-month average. The weekly and daily charts show the gains pausing in a flat range since July. The hourly chart shows a short-term bounce from ৳24.8. Long-term direction is up, the middle timeframes are sideways, and only the shortest view is clearly rising.
Monthly Up
Each candle is one month, covering about ten years. The orange line is the 12-month simple average (৳21.20 now); RSI(14) and volume are below. Emerald Oil spiked to ৳188.8 in 2023, then fell for more than two years to a low of ৳10.2 in November 2025. From there it climbed, with May–July 2026 closes of ৳19.3, ৳21.8 and ৳29.3 on 15M-share months. August to October eased to ৳28.6, ৳27.9 and ৳26.4. Price stays above the now-rising 12-month line, and RSI is 50.
Weekly Sideways
Each candle is one week, about four years shown. The orange line is the 10-week average (৳27.70), the blue line the 40-week average (৳22.30); MACD and volume are below. After the long 2023–2025 decline, weekly candles turned up in early 2026 and jumped from ৳21.1 to ৳28.8 in early July on 3.4M shares, then ৳31.7 the next week. Since then weekly closes have stayed between ৳26.4 and ৳29.7. The 10-week line has flattened at price while the 40-week keeps rising. MACD (1.77) is just below its signal (2.35).
Daily Sideways
Each candle is one trading day, about a year shown. The green line is the 50-day average (৳27.70) and the purple line the 200-day average (৳21.10). Price rose from ৳13.4 in May to ৳31.7 in mid-July, with daily volume above 2M shares at the peak. Since then it has moved sideways: ৳31.8 high on 2 August, dips to ৳25.0 in mid-September and ৳24.8 in late October. Today it rose from ৳27.0 to ৳27.40 on 173K shares, back to the flat 50-day line. The 200-day keeps rising well below.
Hourly Up
Each candle is one trading hour, about two months in view. The orange line is the 20-hour EMA (৳26.59) and the blue line the 50-hour EMA (৳26.66); RSI(14) and volume are below. Price swung between ৳25 and ৳30.4 during September and October, then slid to ৳24.8 around 25 October. The last three sessions recovered sharply, reaching ৳28.2 today before settling at ৳27.40. Price is now above both EMAs, which have started turning up, and RSI is 58.7.
Momentum and volume
Momentum is balanced. RSI, which compares recent gains with losses, is 52, right in the middle after a dip near 32. The trend-strength reading (ADX) is low at 15, meaning no strong trend in either direction. Bollinger Bands have narrowed, showing quieter price swings. Today's rise came on above-average volume, so buying interest picked up on the bounce.
Each candle is one trading day over about six months. The shaded channel is the Bollinger Band (middle ৳26.95, upper ৳28.53, lower ৳25.37). Below are RSI(14) at 52.4, MACD at −0.39 against −0.35, and ADX/DMI. In June and July price rode the upper band as RSI passed 80. From August the bands narrowed sharply and price stayed inside them, a sign of quieter, range-bound trading. The late-October dip briefly fell below the lower band at ৳24.8; today's close is back above the middle line. ADX is 14.9, showing no strong trend.
What would change the picture
The scenario cards list closing prices that would change the chart's structure, such as breaking above the range top or below its floor. They are conditions to watch, not predictions. Each one only describes what the picture would look like if that level were crossed.
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 | Closed above the nearest resistance level | ৳27.40 |
- 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.