Meghna Petroleum Limited (MPETROLEUM) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Meghna Petroleum's share price has spent most of the last two years moving sideways, roughly between ৳187 and ৳219. In December 2025 it gapped down from ৳209 to ৳192, then recovered through the first half of 2026 to a high of ৳219.00 in early July. From August to mid-October it eased back to about ৳204–206 and moved very little for two months. In the last two weeks it has climbed to ৳212.80, the highest close since early August, on heavier trading than usual. Price is now above the 50-day average (the average closing price of the last 50 trading days, ৳206.61) and the 200-day average (৳204.89). The levels that matter are ৳216–219 above, where the July rally stopped, and ৳207–209 and ৳204–206 below.
Key levels
Support is where buyers have stepped in before; resistance is where sellers have. For Meghna Petroleum, ৳204–206 held as a floor through September and October. ৳207–209 is where the latest move paused before continuing. Above, ৳216–219 is where the July rally topped out and the price turned lower.
Trend on each timeframe
The daily, weekly and hourly charts all show price above their averages and turning up. The monthly chart is less decisive: the stock has been inside the same ৳187–219 band for two years, so the current move is still within that range. Weekly MACD is flat, while daily MACD is already rising.
Monthly Sideways
Each candle is one month, from 2017 to November 2026. The orange line is the 12-month average (৳205.40). RSI 14 below reads 55.08, near the middle of its 0–100 scale; volume is at the bottom. Price fell to about ৳120 in 2020, recovered to around ৳200 by 2022, and since 2024 has moved sideways between roughly ৳187 and ৳219, apart from brief spikes. November so far trades at ৳212.80, in the upper half of that band.
Weekly Up
Each candle is one week, covering about four years. The orange line is the 10-week average (৳207.46) and the blue line the 40-week average (৳206.19). MACD below reads 0.83 against a signal of 0.84, so weekly momentum is flat and turning up. Price fell to ৳187.30 in December 2025, climbed to ৳219.00 in July 2026, pulled back to about ৳204 in October, and this week is at ৳212.80, above both averages.
Daily Up
Each candle is one trading day, covering about a year. The green line is the 50-day average (৳206.61) and the purple line the 200-day average (৳204.89). A gap on 11 December 2025 took price from ৳209.00 to ৳192.10, then it recovered to a ৳219.00 high in early July 2026. From August to mid-October it drifted down to a ৳204–206 base resting on the 200-day line. Since 19 October it has risen to ৳212.80, with 74,481 shares today, the most since early July.
Hourly Up
Each candle is one hour of trading, covering about eight weeks. The orange line is the 20-hour exponential average (৳210.34) and the blue line the 50-hour average (৳208.49). RSI below reads 71.24. Price traded flat between ৳204 and ৳207 from September to mid-October, then stepped up to about ৳209 around 22 October, paused near ৳208, and pushed to a ৳213.60 high today. Both averages have turned up and price is above them.
Momentum and volume
Buying interest has picked up quickly. Daily RSI at 74 is in the overbought zone, meaning recent gains have far outweighed losses, and price has closed above the upper Bollinger band. MACD is positive and rising, ADX near 29 shows a trend forming, and today's volume was about three times the average.
Each candle is one day, from late May to 1 November. Bollinger Bands surround a 20-day average (৳206.58); the upper band is ৳211.37 and the lower ৳201.79. The bands narrowed through September and October while price held ৳204–207, then price broke above the upper band. RSI 14 is 74.34, above the 70 line. MACD is 1.11 against a 0.31 signal. In the DMI panel, ADX is 29.29 with +DI at 28.27 and -DI at 5.83, showing upward pressure building.
What would change the picture
The scenario cards describe what certain closing prices would mean for the chart's structure. They are conditions to watch, not predictions; none says where the price is going, only how the picture would change 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 | Volume three times or more its 20-day average | ৳212.80 | |||
| 2026-10-29 | RSI rose to 70 or above | ৳211.50 |
- 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.