Nitol Insurance PLC. (NITOLINS) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Nitol Insurance has been in a strong rise. A year ago it traded near ৳22.8; after a slow climb through the first half of 2026 it jumped in early August, when price moved from about ৳38.9 to ৳46.9 in two sessions on very heavy trading, and kept climbing to a peak of ৳61.7 on 29 September. In October it pulled back to ৳50.8, close to its 50-day average (the average closing price of the last 50 trading days, now ৳54.29), and then recovered. It closed today at ৳58.00, about 6% below the high. Price is far above the 200-day average (the average of the last 200 closes, ৳37.68), which shows how far the rally has run. The levels that matter now are the ৳61.7 high above and the ৳54.1 and ৳50.8 lows below.
Key levels
Support is a price area where buying has stopped declines before; resistance is where selling has capped rises. For Nitol, ৳61.7 is the top that sellers defended in late September, and today's push to ৳59.9 also faded. Below, the October fall stopped at ৳50.8 and the late-October dip stopped at ৳54.1, near the 50-day average.
Trend on each timeframe
The monthly, weekly and daily charts all point up: price is above every moving average and making higher lows. The difference is in pace. The monthly RSI of 76.8 and the shrinking weekly MACD bars show the rally has slowed from its August speed, while the hourly chart shows short-term buying that faded at today's high.
Monthly Up
Each candle is one month, covering about ten years. The orange line is the 12-month simple average (৳39.39), the RSI panel measures momentum on a 0-100 scale, and the bottom panel shows monthly volume. After a long slide from the 2021 peak to around ৳21 in 2025, price turned up and accelerated from August 2026, reaching ৳61.7 in September. Monthly RSI is 76.8, a high reading, and August-September volume was the largest since 2021.
Weekly Up
Each candle is one week, covering about four years. The orange line is the 10-week average (৳56.59) and the blue line the 40-week average (৳39.33); MACD compares two moving averages to show momentum. The weekly chart shows a base between ৳21 and ৳31 through 2025, then a steep rise from ৳34.0 in July to the ৳61.7 high in late September. The week of 3 August traded 9.13 million shares. MACD (6.66) is above its signal (6.30), but the histogram has been shrinking.
Daily Up
Each candle is one trading day, covering about a year. The green line is the 50-day average (৳54.29) and the purple line the 200-day average (৳37.68). Price climbed steadily from ৳22.8 in November 2025, jumped from ৳38.9 to ৳46.9 in early August on 4.05 million shares, and peaked at ৳61.7 on 29 September. It then fell to ৳50.8, touched the 50-day line, and recovered to ৳59.9 intraday today before closing at ৳58.00.
Hourly Up
Each candle is one hour of trading, covering roughly two months. The orange and blue lines are the 20-hour (৳57.47) and 50-hour (৳56.51) exponential averages, which give more weight to recent prices. Price fell from ৳61.7 to about ৳50.8 in early October, then climbed in a stair-step pattern with both averages turning up. Today it touched ৳59.9 and slipped back to ৳58.00; hourly RSI is 58.9, cooling from above 70.
Momentum and volume
Daily momentum has turned back up after the October dip: RSI is 59 and MACD has crossed above its signal line. Trend strength is modest (ADX 19.2), meaning the recent move is not very forceful. Today's volume of 537,687 shares was about average, much lighter than the multi-million-share days of August and September.
Each candle is one trading day over about six months. The shaded Bollinger Bands (৳51.27 to ৳59.60, midline ৳55.44) show the normal trading range around the 20-day average. Below are RSI (59.0), MACD (0.88 vs signal 0.65) and the ADX/DMI panel (ADX 19.2, +DI 28.7, -DI 17.1). Price rode the upper band through August and September, dipped toward the lower band in October as MACD turned negative, and has since moved back into the upper half with MACD crossing up.
What would change the picture
The scenario cards describe what a daily close beyond each level would mean for the chart's structure. They are conditions to watch, not predictions of what the price will do, and none of them is a recommendation to trade.
- 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.