Meghna Insurance PLC. (MEGHNAINS) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Meghna Insurance spent most of the past year climbing, from ৳21.7 in November 2025 to a sharp peak of ৳45.6 in mid-July 2026 on very heavy trading. Since then it has given back about 31%, falling through August, September and October. In October the price twice found buyers near ৳29.0–29.6 and today it rose 4.33% to ৳31.30 on more than double its usual volume. It still sits below its 50-day average (the average closing price of the last 50 trading days, ৳34.33) and just below its 200-day average (the same over 200 days, ৳32.62). The levels that matter are the ৳29.0–29.6 floor beneath, the ৳32.4–32.62 area just overhead, and ৳34.3 where the 50-day line sits.
Key levels
Support is where buying has halted declines; resistance is where selling has capped rises. Here, ৳29.0 on 12 October and ৳29.4 on 28 October both stopped the slide, forming a floor. Above, a bounce on 25 October stalled at ৳32.4, right under the 200-day average, and late-September rallies stopped near ৳36.0–36.8.
Trend on each timeframe
The monthly chart shows a long recovery from the 2024 low that has paused, with price near its one-year average. The weekly and daily charts lean down: price sits below their averages and weekly momentum has turned negative. The hourly chart disagrees, showing price back above its short averages with rising momentum since the late-October low.
Monthly Sideways
Each candle is one month, from the 2022 listing to now. The orange line is the 12-month average (৳32.06), about a year of closes. RSI(14), the momentum panel, reads 49.83, mid-range. Price fell from near ৳59 after listing to a low near ৳17.5 in late 2024, then recovered through 2025–2026 to ৳45.6 in July 2026 on record monthly volume. The last three months were red, bringing price back to ৳31.30, just under the 12-month line.
Weekly Down
Each candle is one week, over about three and a half years. The orange line averages 10 weekly closes (৳33.61), the blue line 40 (৳32.95). MACD, which compares two exponential averages, is −0.28 versus its signal at 0.79, so weekly momentum has turned negative. The July week reached ৳45.6 on 20.5 million shares; since then weekly highs stepped down and price fell back below both averages. This week's candle is green, closing ৳31.30.
Daily Down
Each candle is one trading day, covering about a year. The green line is the 50-day average (৳34.33) and the purple line the 200-day average (৳32.62). Price rose steadily from ৳21.7 in November 2025, jumped to ৳45.6 in mid-July, then slid through August–October and broke below the 200-day line in October. The low so far is ৳29.0 on 12 October. Today price rose from ৳30.00 to ৳31.30 on 666,978 shares, the busiest day in two weeks.
Hourly Up
Each candle is one trading hour, covering about two months. The orange line is the 20-hour exponential average (৳30.53) and the blue line the 50-hour one (৳30.83). Price fell from about ৳36.5 in late September to ৳29.0 in mid-October, bounced to ৳32.4, and dipped again to ৳29.4. Today it climbed back above both averages, with hourly RSI(14) at 61.46 and rising hourly volume.
Momentum and volume
Selling pressure that dominated October is easing. RSI has climbed from deeply weak levels to 45, and the daily MACD has just turned up through its signal line, a sign the decline has slowed. ADX still shows sellers in control, but by a narrower margin. Today's volume was over twice the average, so the rise had real participation.
Each candle is one trading day, over about six months. The shaded Bollinger band spans two standard deviations around the 20-day average (middle ৳31.56, upper ৳34.62, lower ৳28.50). Price hugged the lower band through October and has now risen toward the middle. RSI(14) is 44.68, up from about 25 in mid-October. MACD (−1.15) has just crossed above its signal (−1.24). ADX is 31.7, with −DI 27.3 still above +DI 19.7, though the gap is narrowing.
What would change the picture
Each scenario card describes a price condition and what it would change in the chart's structure if it occurred. They are things to watch, not forecasts: they do not say which, if any, will happen.
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 above its signal line | ৳31.30 | |||
| 2026-10-29 | MACD crossed below its signal line | ৳30.00 |
- Computed from daily closing prices (method t1, wording agent-2); history kept from 2026-10-29.
- Describes price history only. Not investment advice, not a rating or a price target.