Summit Power Limited (SUMITPOWER) technical report
As of the 2026-11-01 close. Updated every trading day. Company page · All DSE stocks: technical data
In plain words
Summit Power's share price fell for most of 2024 and 2025, from about ৳34 to a low near ৳12. It then went sideways for several months before rallying in June and July 2026 to ৳17.9. Since August that gain has partly faded, and for the past two months the price has moved within a narrow band between ৳14.9 and ৳16.1. Today it closed at ৳15.5, down 1.27%. The price sits right on its 50-day average (the average closing price of the last 50 trading days, ৳15.46) and above its 200-day average (the average of the last 200 trading days, ৳14.67), which is now rising. A rising 200-day line means the longer-term average price is climbing. The levels that matter most are the top of the band at ৳16.1, the bottom at ৳14.9, and the July high of ৳17.9.
Key levels
Support is a price where buying has stopped falls before; resistance is where selling has stopped rises. On Summit Power, ৳16.1 turned the price back in September and again in late October, while ৳14.9 held in early October. The July high of ৳17.9 is the next resistance above, and the 200-day average near ৳14.67 sits just below the range.
Trend on each timeframe
The monthly chart shows a long decline that bottomed around ৳12 and a partial recovery. The weekly chart shows price above both its 10- and 40-week averages, but weekly momentum has cooled since July. The daily and hourly charts show a flat range, with the latest push to ৳16.1 fading back to ৳15.5.
Monthly Sideways
This chart covers about ten years; one candle is one month. The orange line is the 12-month simple average (৳14.64), the middle panel is RSI (a 0–100 momentum gauge), and the bottom panel is monthly volume. Price held near ৳34 through 2023, then slid through 2024 and 2025 to a low of ৳12.1 in late 2025 (৳12.0 intraday in March 2026). A rally reached ৳17.9 in July 2026 on 43.7 million shares, the heaviest month in years. Price now sits at ৳15.5, above the 12-month line, with RSI at 43.9.
Weekly Sideways
Each candle is one week over roughly four years. The orange line is the 10-week average (৳15.43) and the blue line the 40-week average (৳14.97); the MACD panel compares two trend averages to show momentum; the bottom panel is weekly volume. After the long decline, price based between ৳12.1 and ৳14.7 from November 2025 to May 2026, then rallied to ৳17.9 in the week of 12 July on 13.6 million shares. Since August it has eased back to ৳15.5, still above both averages. MACD (0.17) is below its signal line (0.31).
Daily Sideways
Each candle is one trading day over about a year. The green line is the 50-day average (৳15.46), the purple line the 200-day average (৳14.67), and the lower panel is daily volume. Price rose from ৳13.6 in May to a ৳17.9 high on 12–13 July with volume above 5 million shares on the strongest days. It then dropped to ৳15.4 by late August and has since traded between ৳14.9 (8 October) and ৳16.1. Today it closed at ৳15.5, down from ৳15.7, right on the 50-day line.
Hourly Sideways
Each candle is one trading hour across roughly two months. The orange line is the 20-hour exponential average (৳15.61) and the blue line the 50-hour (৳15.52); RSI and hourly volume sit below. Price dipped to ৳14.9 on 7–8 October, recovered, and on 26 October touched ৳16.1 on 572,542 shares in one hour. Since then it has faded to ৳15.5 and is now just under both short averages, with hourly RSI at 45.5.
Momentum and volume
Momentum is neutral. RSI at 51.5 sits in the middle of its range, and ADX at 19.4 says there is no strong trend in either direction. The Bollinger Bands have tightened, meaning daily price swings have become small. Today's volume was about 1.22 times the 20-day average, on a down day.
Each candle is one trading day over about six months. The shaded channel is the Bollinger Band: a 20-day average (৳15.34) with bands two standard deviations above (৳15.77) and below (৳14.90). Below are RSI (51.5), MACD (0.04 vs signal -0.03) and ADX with its directional lines. The July rally pushed RSI near 80 and ADX near 57. Since September the bands have narrowed sharply as price settled between ৳14.9 and ৳16.1. ADX is now 19.4, meaning no strong trend, while MACD sits just above its signal near zero.
What would change the picture
The scenario cards describe what a move past a given level would mean for the chart's structure. They are conditions to watch, not predictions; none of them says which way the 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 Uptrend to Sideways | ৳15.50 |
- 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.