Evince Textiles Limited (ETL) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Evince Textiles spent most of 2024 and 2025 trading between about ৳8 and ৳11. In April 2026 it broke higher on heavy trading and kept climbing, reaching ৳15.30 in July and a 52-week high of ৳16.90 on 8 October. After that peak the price fell back to ৳12.90 within a week. Today it rose 5.9% to ৳14.40 on 10 million shares, which is above its usual daily volume. That puts it back above the 50-day average (the average closing price of the last 50 trading days), now ৳14.00, and well above the 200-day average (the average of the last 200 trading days), ৳11.99, which is still rising. The levels that matter now are ৳14.00 just below, the October low at ৳12.90 further down, and the ৳15.30–16.30 zone and ৳16.90 high above.
Key levels
Support is a price where buyers have stepped in before; resistance is where sellers have. For Evince, ৳12.90 held after the October drop and ৳12.00 held in August, so those are support. Above, price stalled near ৳15.30–16.30 in late September and turned down hard after touching ৳16.90, making that zone resistance.
Trend on each timeframe
The monthly and weekly charts show a clear rise through 2026, with price above longer averages. The daily chart shows that rise interrupted by a sharp October pullback, now partly recovered. The hourly chart is the most positive, with price above its short averages. The disagreement is weekly MACD, which has slipped below its signal line, showing the up-move slowed.
Monthly Up
About ten years of history; one candle is one month. The orange line is the 12-month simple average, the average monthly close over the past year, now ৳12.19. The lower panel is RSI, a 0–100 gauge of recent gains versus losses, now 59.55. The stock spent 2024–early 2026 mostly between ৳8.10 and ৳11.40, then rose from a ৳9.70 March close to ৳15.80 in September. October touched ৳16.90 but closed at ৳13.60 on the heaviest monthly volume of the year, about 157 million shares. The 2024 peak was ৳19.50.
Weekly Up
About four years; one candle is one week. The orange line is the 10-week average (৳14.23) and the blue line the 40-week average (৳12.27), roughly the average price of the last ten weeks and nine months. The 40-week line has been rising since early 2026, when price broke out of a long ৳8–11 band. Weekly volume expanded through mid-2026, peaking near 60 million shares in October. The MACD panel, the gap between a fast and slow average, shows 0.69 below its signal line 0.83, meaning the weekly up-move has lost some pace.
Daily Up
About one year; one candle is one trading day. The green line is the 50-day average (৳14.00), the purple line the 200-day average (৳11.99). Price broke above ৳10.40 in April on 16 million shares, climbed to ৳15.30 in late July, dipped to ৳12.00 in late August, then made a new high of ৳16.90 on 8 October on heavy volume (24.5 million shares the day before). It slid to ৳12.90 by 15 October and today closed at ৳14.40 on 10.0 million shares, back above the 50-day line.
Hourly Up
About six weeks of trading; one candle is one hour. The orange and blue lines are the 20- and 50-hour exponential averages, which weight recent prices more; both sit at ৳13.85 and are turning up after crossing. Price fell from ৳16.90 on 8 October to around ৳12.90 mid-month, traded sideways near ৳13.20–13.80, then rose to ৳14.40–14.60 in the last sessions. Hourly RSI at 65.72 shows strong short-term buying, below the 70 level often called overbought.
Momentum and volume
Momentum readings are in the middle. RSI at about 53 is neither stretched nor weak. MACD is still slightly negative but the gap is closing, meaning selling pressure from October has faded. ADX near 18 says there is no strong trend right now. Volume rose today, so the bounce had more participation than recent days.
About six months of daily candles. Bollinger Bands surround the 20-day average (৳14.37) at two standard deviations, ৳12.43 to ৳16.30; price often stays inside them. RSI is 52.93, back from near 40. MACD is -0.22 against a -0.16 signal; the negative histogram has been shrinking since mid-October. The DMI panel shows ADX at 17.94, a weak trend reading, with the buying line +DI 31.07 above the selling line -DI 24.45. Today's candle jumped from near the lower half to the middle band.
What would change the picture
The scenario cards describe what certain price moves would mean for the chart's structure. They are conditions to watch, not predictions; none of them says what the price will do, only how the picture would change if a level is crossed on a daily close.
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 | Trend label changed from Sideways to Uptrend | ৳14.40 | |||
| 2026-11-01 | Closed above the nearest resistance level | ৳14.40 |
- 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.