Saiham Textile Mills Limited (SAIHAMTEX) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Saiham Textile spent most of the past two years trading between roughly ৳12 and ৳25. That changed in late July: the stock closed at ৳19.20 on 27 July, then rose almost without pause to a high of ৳48.30 on 15 October, on very heavy trading in August. There was one sharp wobble in early September, when price dipped to ৳28.00 before recovering. Since mid-October the stock has stopped climbing and moved sideways between about ৳42.50 and ৳48.30. Today it closed at ৳46.70, up 4.94%. It sits far above its 50-day average (the average closing price of the last 50 trading days) at ৳38.81 and its 200-day average at ৳24.77, both still rising. The levels that matter now are the October high at ৳48.30 above and the late-October low at ৳42.50 below.
Key levels
Support is a price where buyers have stepped in before; resistance is where sellers have. On Saiham Textile, ৳48.10–48.30 stopped the rally on 15–16 October, and price has not closed above it since. Below, buyers held ৳41.70 on 13 October and ৳42.50 on 29 October, each time sending price back toward ৳46–47.
Trend on each timeframe
The monthly and weekly charts show a strong advance, with price well above the 12-month (৳27.04) and 40-week (৳25.87) averages. The daily chart agrees on direction but shows a two-week flat stretch. The hourly chart is sideways, with its averages flat near ৳45.55. So the big picture points up, while the short-term picture shows a pause.
Monthly Up
Each candle is one month, covering roughly ten years. The orange line is the 12-month average closing price; the lower panels show RSI (a 0–100 momentum gauge) and traded volume. After years drifting between about ৳12 and ৳25, the stock broke higher from mid-2026 and now trades at ৳46.70, far above the 12-month average at ৳27.04. Monthly RSI is 83.8, a reading above 70 that marks a very stretched advance. Monthly volume in August and September was the heaviest on the chart.
Weekly Up
Each candle is one week, covering about four years. The orange line is the 10-week average (৳40.98) and the blue line the 40-week average (৳25.87); the MACD panel compares a fast and slow average to show momentum, and the bottom panel is volume. The week of 26 July jumped from ৳19.20 to ৳24.60 on 30.8M shares, starting a climb to the ৳48.30 high. The last three weeks moved sideways between ৳42.50 and ৳48.30 on much lower volume (4.6M to 10.2M) than the August weeks.
Daily Up
Each candle is one trading day, covering about a year. The green line is the 50-day average (৳38.81) and the purple line the 200-day average (৳24.77), both rising. The stock spent May to July near ৳18–20, then broke out on 28 July with volume above 6M shares and climbed in steps to ৳48.30 on 15 October, with a sharp dip to ৳28.00 on 7 September along the way. Since mid-October it has moved between ৳42.50 and ৳48.30; today it closed at ৳46.70, up 4.94%, on 3.07M shares.
Hourly Sideways
Each candle is one trading hour, covering about eight weeks. The orange line is the 20-hour exponential average (৳45.59) and the blue line the 50-hour one (৳45.55); RSI and volume sit below. Through September and early October the averages rose steadily under price. From 16 October they flattened as price chopped between ৳42.50 and ৳48.30. Today price rose from ৳45.00 to ৳46.70 through the session, closing back above both averages, with hourly RSI at 56.5.
Momentum and volume
The pace of buying has slowed. RSI fell from above 80 in August to 59.4, still above the midpoint of 50. The daily MACD line has crossed below its signal line, which shows short-term momentum fading. Trend strength (ADX 27.3) is well below its August peak. Volume today was close to its recent average, much lighter than the August surge.
Each candle is one trading day over about six months. Bollinger Bands draw a channel two standard deviations around the 20-day average (now ৳42.14 to ৳48.66, midline ৳45.40). RSI was above 80 through most of August and is now 59.4. MACD's line (2.24) has slipped below its signal (2.74), leaving a −0.50 histogram. ADX, which measures trend strength, peaked above 70 in late August and has eased to 27.3, with +DI 21.8 just above −DI 19.8. The bands have narrowed as price moved sideways.
What would change the picture
The scenario cards list price conditions worth watching and what each would mean for the chart's structure. They are not predictions: none of them says which way price will go. They simply describe how the picture would change if a given level were crossed on a daily closing basis.
- 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.