Forward Microfinance Laghubitta Bittiya Sanstha Limited

FOWAD — Forward Microfinance Laghubitta Bittiya Sanstha Limited technical analysis

Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) is a Microfinance-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 913.00, up +0.00 (+0.00%) from the previous close of Rs. 913.00, ranging between Rs. 900.00 and Rs. 918.00 on the day on a traded volume of 2,899 shares.

Technical outlook

FOWAD's technical picture is currently Mildly Bullish. Price (Rs. 913.00) is above its 20-day average (Rs. 889.97) — 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. 1,037.47. support around rs. 834.20. Over the past year, FOWAD has traded between a 52-week low of Rs. 834.20 and a high of Rs. 1,364.00, placing the current price at about 15% of that range.

A recent candlestick signal detected on FOWAD: Morning Star — Down candle, small indecision candle, then a strong up candle — bullish reversal.

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.