Miteri Development Bank Limited

MDB — Miteri Development Bank Limited technical analysis

Miteri Development Bank Limited (MDB) is a Development Banks-sector stock on the Nepal Stock Exchange (NEPSE). In the latest trading session it last traded at Rs. 570.00, up +3.00 (+0.53%) from the previous close of Rs. 567.00, ranging between Rs. 568.00 and Rs. 579.00 on the day on a traded volume of 6,165 shares.

Technical outlook

MDB's technical picture is currently Mildly Bullish. Price (Rs. 567.00) is above its 20-day average (Rs. 561.11) — short-term uptrend. 20-day average is below the 50-day — medium-term trend is down. RSI is 50 — neutral momentum. MACD is above its signal line — momentum is turning up.

Key levels

The nearest resistance sits around rs. 571.75. support around rs. 552.65. Over the past year, MDB has traded between a 52-week low of Rs. 530.50 and a high of Rs. 705.80, placing the current price at about 23% of that range.

A recent candlestick signal detected on MDB: Inverted Hammer — Long upper wick after a fall — possible bullish reversal attempt.

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.