DSE : NPOLYMER

National Polymer Industries PLC (NPOLYMER) technical report

As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data

৳25.90-4.1%
Daily trend: SidewaysWeekly trend: DownStrength: StrongVolatility: MediumLiquidity: Medium
National Polymer has fallen from ৳38.9 in July to ৳25.90, under all its key averages, and is retesting the ৳25.3 October low.
The stock is down about a third from its July high, with a sharp October slide below the 50- and 200-day averages. A two-day bounce to ৳27.4 faded, and the latest session fell 4.07% on above-average volume.
✦ Analyst agent's read
Downtrend
Lower highs and lows since the ৳38.9 July peak; price under falling 50-day, 200-day and 12-month averages, and ADX 31.5 led by sellers.
ClarityClear
Key level৳25.30 (below)
27 October low; the floor of the current slide
From TradingView charts on four timeframes. Describes structure; not a forecast or advice.

In plain words

National Polymer had a strong first half of 2026, rising from about ৳26 to a high of ৳38.9 in late July. Since then the price has been falling, with each rebound peaking lower than the one before. In October the fall sped up: the price dropped below its 50-day average (the average closing price of the last 50 trading days, now ৳30.42) and its 200-day average (the average of the last 200 trading days, ৳30.35). Those averages are now well above the price. It reached ৳25.3 on 27 October, bounced to ৳27.4, then fell 4.07% in the latest session to close at ৳25.90. That is about a third below the July high and close to the ৳25.3–25.4 area where it also bottomed in March. Below that, the next important level is ৳23.5, the November 2025 low.

Key levels

Support is a price where buyers have stepped in before; resistance is where sellers have. For National Polymer, ৳25.3–25.4 is support: it held in March and again in late October. Below sits ৳23.5, last year's low. Above, ৳27.3–27.4 capped the latest bounce, ৳28.7–29.0 capped mid-October, and the two daily averages near ৳30.4 sit higher.

৳30.35–30.42
Resistance: 50/200-day averages
Both daily averages converge here, above the October breakdown.
+17.3%
৳28.70–29.00
Resistance: Mid-October bounce high
Rebound highs of 12–15 October.
+11.4%
৳27.30–27.40
Resistance: Late-October bounce high
29–30 October rebound stalled here.
+5.6%
৳25.90
Last close
৳25.30–25.40
Support: October / March lows
27 October low; March 2026 low at ৳25.4.
-2.1%
৳23.50
Support: November 2025 low
52-week low; base of the 2026 rally.
-9.3%

Trend on each timeframe

All four views point the same way. The monthly chart is back below its 12-month average. The weekly chart shows lower highs since July, with the 10-week average now under the 40-week. The daily chart is below both main averages, and the hourly bounce faded under its 50-hour line. The only difference is in pace: short-term readings are near oversold.

Monthly Down

Below the 12-month average (৳29.87); the 2026 rally to ৳38.9 fully reversed. Monthly RSI 39.7 sits below 50.
Monthly, ~10 years: SMA 12, RSI 14, volume
Monthly, ~10 years: SMA 12, RSI 14, volume. Chart: TradingView.

Each candle is one month, covering roughly ten years. The orange line is the 12-month simple average (৳29.87), RSI (14) is below, then volume. The stock peaked above ৳100 in 2019 and has trended lower since, falling from about ৳50 in 2024 to a ৳23.5 low in November 2025. A 2026 rally reached ৳38.9 in July, but October's large red candle took price back below the 12-month average, now ৳25.90. Monthly RSI is 39.7.

Weekly Down

Four straight lower weekly closes; 10-week average (৳29.74) has turned under the 40-week (৳30.64). MACD -0.98 below its signal.
Weekly, ~4 years: SMA 10/40, MACD, volume
Weekly, ~4 years: SMA 10/40, MACD, volume. Chart: TradingView.

Each candle is one week. The orange line is the 10-week average (৳29.74) and the blue line the 40-week average (৳30.64); MACD and volume are below. After a long 2024–2025 decline to ৳23.5, price rose from April to a ৳38.9 high in late July on heavy volume. Since August it has made lower highs; a late-September spike to ৳34.9 failed, and October fell through both averages. The 10-week line has now crossed under the 40-week, and MACD (-0.98) is well below its signal.

Daily Down

Below the 50-day (৳30.42) and 200-day (৳30.35) averages since early October; 50-day is rolling over toward the 200-day.
Daily, ~1 year: SMA 50/200, volume
Daily, ~1 year: SMA 50/200, volume. Chart: TradingView.

Each candle is one trading day over about a year. The green line is the 50-day average (৳30.42) and the purple line the 200-day average (৳30.35); volume is below. Price based between ৳25 and ৳29 from November 2025 to April, then rallied to ৳38.9 on 22 July on a 3.9M-share day. From August it slid, a 29 September jump to ৳34.9 reversed, and October broke under both averages. The low was ৳25.3 on 27 October; the latest close is ৳25.90.

Hourly Down

Below the 20-hour (৳26.52) and 50-hour (৳27.11) EMAs; the late-October bounce stalled under the 50-hour line.
Hourly, ~2 months: EMA 20/50, RSI, volume
Hourly, ~2 months: EMA 20/50, RSI, volume. Chart: TradingView.

Each candle is one trading hour over about two months. The orange line is the 20-hour EMA (৳26.52) and the blue line the 50-hour EMA (৳27.11); RSI and volume panels are below. After the 29 September spike near ৳34.9, price fell steadily under both EMAs through October to ৳25.3. A bounce to ৳27.4 on 29–30 October stalled at the 50-hour line, and the latest session slid to ৳25.8, closing at ৳25.90. Hourly RSI reads 38.7.

Momentum and volume

Selling pressure has been in control. RSI, a 0-100 gauge of recent gains versus losses, is 33.9, near the zone often called oversold. MACD, which compares a fast and slow average, is below zero and below its signal line. ADX, a gauge of trend strength, is 31.5, a strong reading, with sellers well ahead. Volume on the latest down day was nearly double average.

RSI (14)
33.9
Weak
Near oversold; dipped under 30 in late October.
MACD (12,26,9)
-1.34 / -1.24
Below signal
Both lines below zero; histogram small at -0.10.
ADX (14)
31.5
Strong trend
-DI 34.9 well above +DI 15.4.
Bollinger (20,2)
24.76–31.83
Lower half
Riding toward the lower band; middle line at ৳28.30.
Volume vs avg
1.98x
Above average
362K shares on a 4.07% down day.
Daily, ~6 months: Bollinger 20/2, RSI, MACD, ADX/DMI
Daily, ~6 months: Bollinger 20/2, RSI, MACD, ADX/DMI. Chart: TradingView.

Each candle is one trading day over about six months. The shaded channel is Bollinger Bands (20, 2): middle ৳28.30, bands ৳24.76 and ৳31.83. Below are RSI (14), MACD (12, 26, 9) and ADX/DMI. Price rode the upper band to ৳38.9 in July, then slipped under the middle line from August. After the late-September spike, October price hugged the lower band; RSI fell to about 25 and now reads 33.9. MACD sits at -1.34 below its -1.24 signal, and ADX is 31.5 with -DI (34.9) leading +DI (15.4).

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. Each one uses a level from this stock's own recent history and explains what crossing it would change.

If Daily close below ৳25.30
Would set a new low for the slide, leaving the ৳23.5 November 2025 low as the next reference.
If Daily close above ৳27.40
Would clear the late-October bounce high, the first break in the lower-high sequence.
If Daily close above ৳30.40
Would put price back above both the 50- and 200-day averages.

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.

DateChangeCloseNext 5 daysNext 20 daysNext 60 days
2026-11-0150-day average crossed below the 200-day average৳25.90