Shurwid Industries Limited (SHURWID) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Shurwid Industries has been in a long decline. Over ten years the share price has fallen from highs set in 2019 to ৳4.8 now. In the past year it dropped to ৳3.2 in November 2025, jumped to ৳7.8 by March 2026, then spent spring and summer between about ৳5.8 and ৳7.4. In October it fell from ৳5.6 to ৳5.1 in a single day, on 6 October, and has since moved sideways between ৳4.6 and ৳5.0. The 200-day average, the average closing price of the last 200 trading days, is ৳5.94, and the 50-day average is ৳5.57. Price is below both, and the shorter average has dropped under the longer one. Trading has been very thin: the last day saw 8,260 shares, about 0.18 times the recent average. The levels that matter are ৳5.0–5.2 above price, where bounces have stalled, and ৳4.6 below, the low of the current range.
Key levels
Support is a price area where buyers have stepped in before; resistance is where sellers have capped rallies. For this stock, ৳4.6–4.7 is support from the late-October lows, with ৳3.7–4.0 and ৳3.2 below as earlier lows. Resistance sits at ৳5.0–5.2, where October bounces ended, then ৳5.9–6.0 and the March high of ৳7.8.
Trend on each timeframe
The monthly, weekly and daily charts all show price below their averages, so the larger picture is a downtrend. The hourly chart is calmer: after the October drop, price has moved sideways in a ৳4.6–5.0 band instead of falling further. The short chart shows a pause; the longer charts show the direction of the past years, and they do not disagree with each other.
Monthly Down
This chart covers about ten years; each candle is one month. The orange line is the 12-month simple average (৳5.75), the average of the last twelve monthly closes. The middle panel is the 14-period RSI (36.3), a 0–100 gauge of recent buying versus selling pressure, and the bottom panel is volume. After peaking in 2019, price stepped down through the following years with only brief rallies, reaching a low of ৳3.2 in November 2025. It has mostly stayed below the 12-month average, apart from a short move above it in early 2026. October closed at ৳4.7, down from ৳5.8 in September, and volume is far below the 2019–2023 spikes.
Weekly Down
Weekly candles for almost four years; one candle is one week. The orange line is the 10-week average (৳5.36) and the blue line the 40-week average (৳6.13). Below the price are MACD, which compares a fast and a slow average (line −0.34, signal −0.17), and weekly volume. Price peaked at ৳22.2 in May 2023, fell to a ৳3.2 low in November 2025, recovered to ৳7.8 in March 2026 and has since made lower highs of ৳7.4 and ৳7.0. It is now below both averages, and the 10-week sits under the 40-week.
Daily Down
Daily candles for roughly the past year; one candle is one trading day. The green line is the 50-day simple average (৳5.57) and the purple line the 200-day (৳5.94), each the average close over that many days. Price bottomed at ৳3.2 in mid-November 2025, rallied to a ৳7.8 high on 5 March 2026 on heavy volume, then ranged between about ৳5.8 and ৳7.4. On 6 October it fell from ৳5.6 to ৳5.1 and has since held ৳4.6–5.0, below both averages, on light volume. The 50-day has crossed beneath the 200-day.
Hourly Sideways
Hourly candles for about two months; one candle is one hour of trading. The orange line is the 20-hour exponential average (৳4.81) and the blue line the 50-hour (৳4.92); an exponential average gives more weight to recent prices. The middle panel is RSI (48.3) and the bottom panel is volume. Price drifted from about ৳6.1 in early September, fell through ৳5.7 and then ৳5.1 in early October, and since mid-October has traded in a ৳4.6–5.0 band. Both averages still slope down, with price just under them. Volume is thin apart from one large spike in late September.
Momentum and volume
Momentum readings are weak but not extreme. The 14-day RSI is 36.6; readings under 30 are called oversold and over 70 overbought. ADX is 23.8, a moderate trend, with the sellers' directional line (65.3) far above the buyers' (4.2). The MACD lines are flat at −0.25. Volume is about 0.18 times average, so recent moves have drawn little participation.
Daily candles for about six months; one candle is one trading day. Bollinger Bands (20, 2) wrap the price: the middle line is the 20-day average (৳5.01) and the outer bands (৳5.53 and ৳4.49) sit two standard deviations away. Below are RSI (36.6), MACD (line −0.25, signal −0.25) and ADX with its +DI and −DI lines. Price slid along the lower band in early October, then moved sideways in the lower half of the bands. ADX is 23.8, with −DI at 65.3 far above +DI at 4.2.
What would change the picture
The cards above are conditions to watch, not predictions. Each one says what a particular close would mean for the structure of the chart if it happened; none says that it will happen, and none is advice.
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 | MACD crossed above its signal line | ৳4.80 | |||
| 2026-11-01 | RSI rose back above 30 | ৳4.80 | |||
| 2026-10-29 | RSI fell to 30 or below | ৳4.70 |
- 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.