Skip to content
Smart Money

Modarabas

FPJM First Punjab Modaraba

Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 20.05 -2.58%

Technical analysis · updated after the close, 16 Oct 2026

First Punjab Modaraba (FPJM) technical analysis

FPJM closed at Rs 20.05 on 16 Oct 2026 (-2.58%). The daily picture is bearish: the price is below 4 of its 6 simple moving averages, MACD is below its signal line and RSI at 45.4 is neutral. The weekly trend is bullish, and the monthly chart is bullish. Nearest support is the daily S1 at 19.40, resistance the pivot at 20.33.

Daily

Bearish

Weekly

Bullish

Monthly

Bullish

Details for Daily Weekly Monthly

Oscillators

Neutral

2 bullish · 6 neutral · 2 bearish

Indicator Value Reading
RSI (14) 45.40 Neutral
Stochastic %K (14, 3, 3) 9.46 Bullish
Stochastic RSI (14, 3, 3) 63.43 Neutral
CCI (20) -70.64 Neutral
ADX (14) 23.60 Bearish
Williams %R (14) -89.87 Neutral
MACD (12, 26, 9) -0.56 Bearish
Momentum (10) -3.48 Bullish
Ultimate Oscillator (7, 14, 28) 41.35 Neutral
Bull Bear Power (13) -1.77 Neutral

Moving averages

Bearish

4 bullish · 0 neutral · 8 bearish

Period Simple Exponential
MA 10 20.44 20.97
MA 20 24.00 21.89
MA 30 23.11 21.66
MA 50 20.40 20.13
MA 100 14.75 16.61
MA 200 11.06 12.93

Support & resistance

Daily pivots
  • R3 23.62
  • R2 22.44
  • R1 21.51
  • Pivot 20.33
  • S1 19.40
  • S2 18.22
  • S3 17.29
  • Close 20.05

Pivot points

Level Classic Fibonacci Camarilla
R3 23.62 22.44 21.16
R2 22.44 21.63 20.97
R1 21.51 21.14 20.77
Pivot 20.33 20.33 20.33
S1 19.40 19.52 20.39
S2 18.22 19.03 20.19
S3 17.29 18.22 20.00

Range & volatility

52-week range

4.8232.92

ATR (14)
2.3811.9% of price
Bollinger Bands (20, 2)
15.85 – 32.14
From the 52-week high
-39.1%
Bars analysed
2,882

Oscillators

Neutral

2 bullish · 7 neutral · 1 bearish

Indicator Value Reading
RSI (14) 60.03 Neutral
Stochastic %K (14, 3, 3) 53.78 Neutral
Stochastic RSI (14, 3, 3) 0.00 Neutral
CCI (20) 53.29 Neutral
ADX (14) 43.96 Bullish
Williams %R (14) -53.69 Neutral
MACD (12, 26, 9) 3.94 Bullish
Momentum (10) 9.42 Bearish
Ultimate Oscillator (7, 14, 28) 37.92 Neutral
Bull Bear Power (13) 2.62 Neutral

Moving averages

Strongly bullish

11 bullish · 0 neutral · 1 bearish

Period Simple Exponential
MA 10 20.50 19.87
MA 20 14.89 16.56
MA 30 12.20 14.44
MA 50 10.67 11.91
MA 100 7.40 8.77
MA 200 4.55 6.22

Support & resistance

Weekly pivots
  • R3 27.36
  • R2 25.43
  • R1 23.06
  • Pivot 21.13
  • S1 18.76
  • S2 16.83
  • S3 14.46
  • Close 20.05

Pivot points

Level Classic Fibonacci Camarilla
R3 27.36 25.43 21.87
R2 25.43 23.79 21.48
R1 23.06 22.77 21.08
Pivot 21.13 21.13 21.13
S1 18.76 19.49 20.30
S2 16.83 18.47 19.90
S3 14.46 16.83 19.51

Range & volatility

52-week range

4.8232.92

ATR (14)
4.1320.6% of price
Bollinger Bands (20, 2)
1.78 – 28.00
From the 52-week high
-39.1%
Bars analysed
767

Oscillators

Neutral

2 bullish · 6 neutral · 2 bearish

Indicator Value Reading
RSI (14) 66.33 Neutral
Stochastic %K (14, 3, 3) 73.53 Neutral
Stochastic RSI (14, 3, 3) 0.00 Neutral
CCI (20) 215.07 Bearish
ADX (14) 56.53 Bullish
Williams %R (14) -44.98 Neutral
MACD (12, 26, 9) 4.27 Bullish
Momentum (10) 10.99 Bearish
Ultimate Oscillator (7, 14, 28) 52.50 Neutral
Bull Bear Power (13) 23.19 Neutral

Moving averages

Strongly bullish

10 bullish · 0 neutral · 0 bearish

Period Simple Exponential
MA 10 12.36 14.74
MA 20 8.96 10.74
MA 30 6.79 8.69
MA 50 4.69 6.63
MA 100 3.74 4.94
MA 200 — —

Support & resistance

Monthly pivots
  • R3 52.89
  • R2 42.91
  • R1 35.97
  • Pivot 25.99
  • S1 19.05
  • S2 9.07
  • S3 2.13
  • Close 20.05

Pivot points

Level Classic Fibonacci Camarilla
R3 52.89 42.91 33.69
R2 42.91 36.44 32.14
R1 35.97 32.45 30.59
Pivot 25.99 25.99 25.99
S1 19.05 19.52 27.49
S2 9.07 15.53 25.94
S3 2.13 9.07 24.39

Range & volatility

52-week range

4.8232.92

ATR (14)
5.0725.3% of price
Bollinger Bands (20, 2)
-4.36 – 22.27
From the 52-week high
-39.1%
Bars analysed
183

How these readings work

Computed after each close from FPJM's daily prices; weekly and monthly bars are built from them, and days without trading are left out. Each oscillator and moving average gives a bullish, neutral or bearish reading, and the summary weighs them: strongly bullish when clearly more readings are bullish, strongly bearish when clearly more are bearish. Pivot levels come from the previous completed bar. Readings describe the chart; they are not a recommendation. For information purposes only, not investment advice.

History before 16 Aug 2011 is left out: a price move on that day was too large to compare earlier prices (for example an unadjusted split or bonus issue).

FPJM overview and price history →