DSE : PHENIXINS

Phoenix Insurance PLC. (PHENIXINS) technical report

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

৳43.80+1.4%
Daily trend: SidewaysWeekly trend: SidewaysStrength: ModerateVolatility: MediumLiquidity: Medium
Price is bouncing from a 40.5 October low after a 29% slide from the August high, sitting below the 50-day average.
The weekly and monthly pictures remain upward, but the daily chart has made lower highs since August. Volume on the latest bounce is light at 0.57 times average.
✦ Analyst agent's read
Topping
Lower highs since the 57.2 August peak and price under the falling 50-day average, while weekly and monthly trends stay up above their longer averages.
ClarityMixed
Key level৳40.50 (below)
October low, just above the 200-day average at 39.84
From TradingView charts on four timeframes. Describes structure; not a forecast or advice.

In plain words

Phoenix Insurance spent most of 2025 moving sideways between roughly ৳23 and ৳30, with little trading. In January 2026 it began to climb, and in April it jumped from ৳30.9 to ৳33.9 in a single day on heavy volume. The rise carried the price to a high of ৳57.2 in mid-August. Since then it has slipped back, falling to ৳40.5 on 27 October before bouncing to ৳43.8 on 1 November. That is about 23% below the August peak, yet well above where the stock traded a year ago. Two averages help frame this. The 200-day average, the average closing price of the last 200 trading days, is ৳39.84 and still rising, and price has stayed above it. The 50-day average, the same idea over 50 days, is ৳46.98 and is turning down, with price below it. Trading volume in the latest sessions is light, about 0.57 times its recent average, so the bounce has not drawn much activity.

Key levels

Support is a price area where falling prices have stopped before; resistance is where rises have stalled. Here, ৳40.5 (the October low) and the 200-day average at ৳39.84 form the nearest floor. Overhead, ৳46.8 to ৳47.0, then ৳50.0 and the ৳57.2 August high, are earlier turning points where the stock reversed lower.

৳57.20
Resistance: August high
All-time swing high of the current advance, set in mid-August.
+30.6%
৳50.00
Resistance: October 1 high
Last high before the October decline.
+14.2%
৳46.80–47.00
Resistance: Mid-October high / 50-day
October 15 high sits next to the 50-day average.
+7.1%
৳43.80
Last close
৳39.84–40.50
Support: October low / 200-day
October 27 low plus the rising 200-day average.
-8.3%
৳36.70–36.90
Support: May low
Early May swing low, below the 200-day average.
-16.0%

Trend on each timeframe

On the monthly chart price is above its 12-month average, and on the weekly chart it holds above the 40-week average, so the longer picture is still upward. The daily chart is weaker: lower highs since August and a 50-day average turning down. The hourly chart has started to recover. The longer and shorter views disagree.

Monthly Up

Price 43.8 is above the 12-month average at 39.64; RSI 61.72 after a strong 2026 advance.
Monthly, ~10 years: SMA 12, RSI, volume
Monthly, ~10 years: SMA 12, RSI, volume. Chart: TradingView.

This chart covers about ten years, and each candle is one month. The orange line is the 12-month simple average, the average closing price of the last twelve months, now 39.64. The middle panel is the RSI (14), a 0 to 100 gauge of recent buying versus selling pressure, now 61.72. The bottom panel is volume. Weekly bars show a low of 20.0 in October 2024 and a base of roughly 23 to 30 through 2025. The 2026 advance reached 57.2 in August, and the current month sits at 43.8, above the average line.

Weekly Sideways

Price sits between the 10-week average (46.37) and the rising 40-week average (41.34); MACD is falling.
Weekly, ~4 years: SMA 10/40, MACD, volume
Weekly, ~4 years: SMA 10/40, MACD, volume. Chart: TradingView.

This chart covers about four years, and each candle is one week. The orange line is the 10-week average (46.37) and the blue line is the 40-week average (41.34). The MACD panel compares two averages of price to show momentum: its line is 1.41, its signal line 2.71 and the histogram -1.30, so momentum is cooling from its summer peak. Price rose from 27.8 in mid-January to a 57.2 weekly high in mid-August, then eased to 43.8. Weekly volume peaked near 7.28 million in early June; the latest week is thin.

Daily Down

Price is under the falling 50-day average (46.98) and above the rising 200-day average (39.84).
Daily, ~1 year: SMA 50/200, volume
Daily, ~1 year: SMA 50/200, volume. Chart: TradingView.

This chart covers about one year of trading, and each candle is one day. The green line is the 50-day average (46.98), which has turned down, and the purple line is the 200-day average (39.84), which keeps rising. Price climbed from the mid-20s in November 2025 to 57.2 in August 2026, with a single-day volume spike near 3.95 million on 10 June. Since the peak the highs have been lower: 50.0 on 1 October and 46.8 on 15 October. The low on 27 October was 40.5, and price has since recovered to 43.8.

Hourly Up

Price 43.8 is above both hourly averages (43.11 and 43.35); RSI 58.5.
Hourly, ~6 weeks: EMA 20/50, RSI, volume
Hourly, ~6 weeks: EMA 20/50, RSI, volume. Chart: TradingView.

This chart covers about six weeks, and each candle is one hour of trading. The orange line is the 20-hour exponential average (43.11) and the blue line is the 50-hour (43.35); exponential means recent prices count for more. Both fell through October as price slid from about 50.0 to 40.5. The 20-hour line has now turned up and price has moved above both. RSI is 58.5 and hourly volume is low, with the latest bars around 5.6 thousand shares.

Momentum and volume

Momentum readings are neutral to soft. The RSI at 45.4 shows neither strong buying nor strong selling. The daily MACD has nearly flattened, and the weekly MACD is falling away from its summer peak. Volume is light, so buying interest during the bounce has been modest.

RSI (14)
45.4
Neutral
Recovering from a mid-October low; below the 50 midline.
MACD (12,26,9)
-1.20 / -1.22
Near crossover
Line just above signal; histogram 0.03, both below zero.
ADX (14)
25.4
Moderate trend
-DI 23.5 above +DI 16.6, so the downside side leads.
Bollinger (20,2)
40.71 to 47.91
Below midline
Close 43.8 versus midline 44.31; bands about 16% wide.
Volume vs average
0.57x
Light
Latest session 87,839 shares, below the recent average.
Weekly MACD
1.41 / 2.71
Cooling
Line under signal, histogram -1.30, from a summer peak.
Daily, ~6 months: Bollinger 20/2, RSI, MACD, ADX
Daily, ~6 months: Bollinger 20/2, RSI, MACD, ADX. Chart: TradingView.

This chart covers about six months, and each candle is one day. The shaded band is the Bollinger Bands (20, 2): a 20-day average at 44.31 with outer lines two standard deviations away, 47.91 above and 40.71 below. The panels beneath show RSI (45.4), MACD (line -1.20, signal -1.22, histogram 0.03) and ADX with its directional lines (ADX 25.4, +DI 16.6, -DI 23.5). Price touched the lower band at the 27 October low of 40.5 and has returned inside the bands, closing at 43.8 beneath the midline.

What would change the picture

The scenario cards are conditions to watch, not predictions. Each one names a closing price on the daily chart and describes what that event would mean for the chart structure if it happened. They do not say it will happen.

If Daily close above ৳46.80
Price would clear the mid-October high and challenge the 50-day average at 46.98.
If Daily close above ৳50.00
Price would exceed the October 1 high, ending the sequence of lower highs since August.
If Daily close below ৳40.50
Price would break the October low and test the 200-day average at 39.84.

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
2026-11-01MACD crossed above its signal line৳43.80