Shahjibazar Power Company Limited (SPCL) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Shahjibazar Power's share price fell hard in 2024, from ৳65.50 to a low of ৳29.30 in January 2025. Since then it has been recovering. It reached ৳60.60 in July 2026, which is its highest price of the past year, then fell back to ৳46.90 in September. In October it climbed again, and on October 26 it jumped to ৳55.70 on unusually heavy trading of 3.15 million shares. It now trades at ৳55.30. That is above the 50-day average (the average closing price of the last 50 trading days, ৳51.61) and the 200-day average (the average of the last 200 trading days, ৳52.24). These averages show the medium- and long-term direction. The levels that matter most are the late-October highs near ৳57.00 just above, the July high of ৳60.60, and the ৳52–৳53 area below, where price traded before the jump.
Key levels
Support is a price where buyers have stepped in before; resistance is where selling has stopped rises. For SPCL, ৳46.90 in September and ৳48.50 in early October were lows where the fall stopped. On the way up, ৳57.00 has held price back since October 26, and ৳60.60 was the July peak where the 2026 rise ended.
Trend on each timeframe
The monthly chart shows a long recovery from the 2025 low, and the daily chart has just turned back up. The weekly chart is the odd one out: its 10- and 40-week averages are flat and almost equal, and weekly momentum is neutral. So the short-term push sits inside a wider range that has run since July.
Monthly Up
Each candle is one month, covering about ten years. The yellow line is the 12-month simple moving average (average close of the last 12 months); the lower panels show RSI 14 (momentum, 0–100) and volume. Price traded flat at ৳65.50 through 2023, then fell to a ৳29.30 low in January 2025. Since then it has recovered, reaching ৳60.60 in July 2026. The current month is at ৳55.30, above the 12-month average of ৳52.72. Monthly RSI is 54, in the middle of its range.
Weekly Sideways
Each candle is one week, covering about four years. The orange line is the 10-week average and the blue line the 40-week average; the MACD panel compares a fast and a slow average to show momentum, and the bottom panel shows volume. After rising from about ৳30 in early 2025 to ৳60.60 in July 2026, price pulled back to ৳46.90 in September. The 10-week (৳52.20) and 40-week (৳52.80) averages have flattened and come together. MACD is near zero (0.34 vs signal 0.35), so weekly momentum is neutral.
Daily Up
Each candle is one trading day, covering about a year. The green line is the 50-day average and the purple line the 200-day average (average close of the last 200 trading days); volume is below. Price peaked at ৳60.60 in July, then fell to ৳46.90 in mid-September and slipped below both averages. In October it rebuilt, and on October 26 it jumped to ৳55.70 on 3.15 million shares, about four times recent days. It now sits at ৳55.30, above the 50-day (৳51.61) and 200-day (৳52.24) averages.
Hourly Up
Each candle is one hour of trading, covering about six weeks. The orange line is the 20-hour exponential average and the blue line the 50-hour one; RSI and volume are below. Price climbed in steps from about ৳47 in mid-September, then gapped up on October 26 with the largest volume bar on the chart. It touched ৳57.00 and has eased since, closing at ৳55.30, right at the 20-hour average (৳55.35) and above the 50-hour (৳54.30). Hourly RSI has dropped from above 70 to 53.
Momentum and volume
Buying interest picked up sharply in October. RSI, a 0–100 momentum gauge, rose from about 25 in September to 62. MACD has been positive since early October. The ADX, a trend-strength gauge, is 23 and rising. Volume was about four times normal on October 26 and has eased since, with the latest session at 838K shares.
Each candle is one trading day, covering about six months. The shaded channel is the Bollinger Bands: a 20-day average (৳52.49) with bands two standard deviations either side (৳48.38 and ৳56.60). Below are RSI (momentum, 0–100), MACD (fast vs slow average) and ADX/DMI (trend strength and direction). Price slid along the lower band in August–September to ৳46.90, with RSI near 25. Since October it has climbed back to the upper band. RSI is now 62.2, MACD 1.15 is above its signal 0.69, and ADX is 23.4 with +DI 30.6 well above −DI 15.3.
What would change the picture
The scenario cards are conditions to watch, not predictions. Each describes what a daily close beyond a level would mean for the chart's structure, for example clearing a recent high or falling back under an average. They say nothing about which outcome will happen.
- 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.