M.L. Dyeing & Textile Ind. PLC (MLDYEING) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
M.L. Dyeing traded quietly between roughly ৳7.5 and ৳9 for the first months of 2026. From May it rallied hard, reaching ৳19.3 in August on very heavy volume. Since then the price has fallen for most of September and October, with each bounce stopping lower than the one before, and it touched ৳8.9 in late October. That is about 47% below the August peak. Over the last few sessions it has bounced to ৳10.3, up 1.98% today. It is still below its 50-day average (the average closing price of the last 50 trading days, ৳11.47, which is falling) and just below its 200-day average (the average of the last 200 closes, ৳10.62). The levels that matter now are ৳10.6 and ৳11.5 overhead, and ৳8.9 below.
Key levels
Support is a price where falls have stopped before; resistance is where rises have stalled. On M.L. Dyeing, the September and October bounces stalled at ৳12.4 and ৳11.5, and the 29 October high of ৳10.6 sits on the 200-day average. Below, ৳8.9 held in late October, and the ৳7.5–8.0 area was the floor for most of early 2026.
Trend on each timeframe
The monthly chart shows the summer spike fading back toward the long-term range. The weekly and daily charts show a downtrend since August, with price under falling averages. The hourly chart disagrees: it shows a short rebound, with price above its short averages and those averages turning up. The short-term bounce has not yet changed the larger downward structure.
Monthly Sideways
Each candle is one month, from listing in 2018 to now. The orange line is the 12-month simple average (৳10.48); below are RSI (14) and monthly volume. The stock peaked above ৳60 in 2020, then declined for years, settling in a range roughly between ৳6.7 and ৳12 from late 2024. In July–August 2026 it spiked to ৳19.3 on record monthly volume, but September and October gave most of that back. November opens at ৳10.3, just under the 12-month average, with RSI at 46.65.
Weekly Down
Each candle is one week. The orange line is the 10-week average (৳11.03) and the blue line the 40-week average (৳10.86); MACD and weekly volume sit below. After a long base between about ৳7.5 and ৳10.5, price surged from ৳8.4 in May to ৳19.3 in August, with weekly volume near 58 million shares. Eleven weeks of mostly lower highs followed, reaching ৳8.9 in late October. Price now sits just below both averages, and MACD (-0.17) is under its signal (0.40).
Daily Down
Each candle is one trading day over about a year. The green line is the 50-day average (৳11.47) and the purple line the 200-day average (৳10.62); volume is below. Price traded quietly near ৳8–9 through April, then rallied from May to a peak of ৳19.3 on 9 August with daily volume up to 15.5 million shares. The decline since then has formed lower highs at ৳13.7, ৳12.4 and ৳11.5. Price slipped under the 200-day line in October, fell to ৳8.9, and has bounced to ৳10.3.
Hourly Up
Each candle is one trading hour across roughly two months. The orange line is the 20-hour exponential average (৳9.99) and the blue line the 50-hour exponential average (৳10.03); RSI and hourly volume are below. Price slid from about ৳12.4 in mid-September to ৳8.9 around 26 October, with RSI deep in oversold territory. It then rebounded, reaching ৳10.6 on 29 October on a burst of volume, and now trades at ৳10.3 above both averages. Hourly RSI is 60.31.
Momentum and volume
Selling pressure has eased. RSI recovered from near 30 to 46, and the daily MACD has just crossed above its signal line, though both are still below zero. Sellers still lead on the ADX reading. Volume on the latest day was about two-thirds of average, so the bounce has not drawn heavy participation.
Each candle is one trading day over about six months. Bollinger Bands wrap a 20-day average (৳10.29) with bands at ৳11.47 and ৳9.10. Below are RSI (14) at 46.09, MACD at -0.53 versus signal -0.59, and ADX/DMI, where ADX (32.5) measures trend strength and -DI (23.9) above +DI (18.8) shows sellers have had the edge. Price rode the upper band to ৳19.3 in August, then slid along the lower band through September and October. The latest candles have lifted from the lower band back to the middle line.
What would change the picture
Each scenario card names a price condition and describes what it would mean for the chart's structure if it happened. They are conditions to watch, not predictions, and they do not say which outcome is more probable.
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 |
|---|---|---|---|---|---|
| 2026-10-29 | MACD crossed above its signal line | ৳10.10 |
- 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.