Excel Development Bank Ltd.

EDBL — Excel Development Bank Ltd. technical analysis

Excel Development Bank Ltd. (EDBL) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 580.10, down -3.80 (-0.65%) from the previous close of Rs. 583.90, ranging between Rs. 577.00 and Rs. 591.00 on the day on a traded volume of 15,546 shares.

Technical outlook

EDBL's technical picture is currently Mildly Bullish. Price (Rs. 580.10) is above its 20-day average (Rs. 573.58) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 53 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 598.66. support around rs. 572.34. Over the past year, EDBL has traded between a 52-week low of Rs. 535.90 and a high of Rs. 683.40, placing the current price at about 30% of that range.

A recent candlestick signal detected on EDBL: Shooting Star — Long upper wick after a rise — buyers rejected, possible reversal down.

This is an automated technical read from end-of-day NEPSE data, refreshed each trading day — for information only, not investment advice. New to these terms? See our RSI guide, candlestick guide and beginner's investing guide.