Simtex Industries PLC. (SIMTEX) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Simtex Industries has had a roller-coaster year and is now quiet. From about ৳17 in August 2025 the price climbed to a peak of ৳34.5 in November, then fell back to ৳19.9 by January. It rebounded to ৳29.9 in July and has drifted lower since. Since mid-September it has stayed in a narrow band between ৳23.0 and ৳26.4, closing the latest session at ৳24.20. Two lines matter here: the 50-day average (৳24.53) and the 200-day average (৳24.61). A moving average is simply the average closing price over that many trading days, and it smooths out daily noise. These two lines have come together and flattened, and price sits just beneath both, which usually describes a market without a clear direction. Trading volume, the number of shares changing hands, has also faded compared with the busy winter months. The levels to watch are ৳26.4 above and ৳23.6 and ৳23.0 below.
Key levels
Support is a price area where buyers have stepped in before; resistance is where sellers have. For Simtex, ৳23.0 (14 September) and ৳23.6 (27 October) are the floors that held. Above, ৳26.4 (11 October) capped the last rally, and the ৳24.5 to ৳24.6 averages act as a ceiling for now. ৳29.9 is the July peak.
Trend on each timeframe
The monthly and weekly charts are sideways to slightly weaker: price is under the 12-month, 10-week and 40-week averages, and weekly momentum is negative. The daily picture is flat, with the averages touching. The hourly chart shows price swinging around its short averages. None of the four shows a strong trend, so they broadly agree on indecision.
Monthly Sideways
Each candle is one month and the chart covers about ten years. The orange line is the 12-month simple average (SMA 12), the average close of the last twelve months, now ৳24.59. The middle panel is the RSI (14), a 0-100 gauge of recent buying versus selling strength, at 52.67. Volume bars are at the bottom. Price reached a ৳34.5 high in November 2025, fell to ৳19.9 by January 2026, then recovered to a July high of ৳29.9. The latest candle closes at ৳24.20, just under the SMA 12, and monthly volume is well below its late-2025 peak.
Weekly Sideways
Each candle is one week, covering about four years. The orange line is the 10-week average (SMA 10, ৳24.64) and the blue line the 40-week average (SMA 40, ৳25.10). The MACD panel compares two moving averages to show momentum shifts; it reads -0.20 against a signal line of 0.08, a histogram of -0.28. Volume bars are at the bottom. Price rose from ৳14.4 in May 2025 to ৳34.5 in November, fell to ৳19.9 in January, and has ranged since. The 10-week average has slipped below the 40-week average.
Daily Sideways
Each candle is one trading day, covering about a year. The green line is the 50-day simple average (৳24.53) and the purple line the 200-day average (৳24.61). Volume bars sit below. After the November 2025 peak of ৳34.5, price dropped to ৳19.9 in January, climbed to ৳29.9 on 7 July, and slid back to ৳23.0 on 14 September. Since then it has stayed between ৳23.0 and ৳26.4, with the two averages now almost touching. The latest close of ৳24.20 sits just below both lines, on 1.15 million shares.
Hourly Sideways
Each candle is one hour of trading, about 200 hours or roughly two months. The orange line is the 20-hour exponential average (৳24.20) and the blue line the 50-hour average (৳24.31); both give more weight to recent prices. RSI (14) is 48.90, close to the neutral 50 line, and volume bars are below. Price touched ৳23.0 on 14 September, spiked to ৳26.4 on 11 October and dipped to ৳23.6 on 27 October. It has since moved sideways around the two averages, with no clear short-term direction.
Momentum and volume
Momentum is soft but not weak. The RSI at 47 is just under the neutral 50 mark, MACD is slightly negative, and trend strength (ADX 17.9) is low, meaning no strong move either way. Volume at 1.11 times its recent average shows ordinary activity; the heavy buying and selling of last winter has faded.
Each candle is one trading day for about six months. Bollinger Bands are an envelope around a 20-day average: ৳25.32 upper, ৳24.49 middle, ৳23.67 lower; the narrow gap shows quiet trading. RSI (14) is 47.22, slightly under neutral. MACD is -0.13 against a signal of -0.11. The ADX/DMI panel shows trend strength: ADX 17.9, +DI 23.4, -DI 18.4. A low ADX means there is no strong trend. Price at ৳24.20 sits in the lower half of the bands.
What would change the picture
The scenario cards describe conditions, not predictions. Each one says: if price closes beyond a marked level, here is what that would change in the chart's structure. They help you see which prices matter; they do not say which way price will go.
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 | Trend label changed from Sideways to Downtrend | ৳24.20 |
- 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.