Last close · 16 Oct 2026
Rs 127.60 -0.99%
Technical analysis · updated after the close, 16 Oct 2026
Mehmood Textile Mills Limited (MEHT) technical analysis
MEHT closed at Rs 127.60 on 16 Oct 2026 (-0.99%). The daily picture is strongly bearish: the price is below 6 of its 6 simple moving averages, MACD is below its signal line and RSI at 33.1 is weak but not oversold. The weekly trend is strongly bearish, and the monthly chart is strongly bearish. Nearest support is the daily S1 at 126.92, resistance the pivot at 128.95.
Daily
Strongly bearish
Weekly
Strongly bearish
Monthly
Strongly bearish
Oscillators
Neutral
2 bullish · 5 neutral · 3 bearish
| Indicator | Value | Reading |
|---|---|---|
| RSI (14) | 29.32 | Neutral |
| Stochastic %K (14, 3, 3) | 1.73 | Neutral |
| Stochastic RSI (14, 3, 3) | 0.00 | Bullish |
| CCI (20) | -158.53 | Bullish |
| ADX (14) | 21.47 | Bearish |
| Williams %R (14) | -98.73 | Neutral |
| MACD (12, 26, 9) | -82.68 | Bearish |
| Momentum (10) | -172.42 | Bearish |
| Ultimate Oscillator (7, 14, 28) | 32.38 | Neutral |
| Bull Bear Power (13) | -185.96 | Neutral |
Moving averages
Strongly bearish
0 bullish · 0 neutral · 12 bearish
| Period | Simple | Exponential | ||
|---|---|---|---|---|
| MA 10 | 208.81 | Bearish | 202.59 | Bearish |
| MA 20 | 262.79 | Bearish | 270.38 | Bearish |
| MA 30 | 369.95 | Bearish | 315.69 | Bearish |
| MA 50 | 439.63 | Bearish | 352.68 | Bearish |
| MA 100 | 354.18 | Bearish | 332.85 | Bearish |
| MA 200 | 206.92 | Bearish | 216.72 | Bearish |
Support & resistance
Monthly pivots- R3 171.98
- R2 161.99
- R1 150.09
- Pivot 140.10
- S1 128.20
- S2 118.21
- S3 106.31
- Close 127.60
Pivot points
| Level | Classic | Fibonacci | Camarilla |
|---|---|---|---|
| R3 | 171.98 | 161.99 | 144.21 |
| R2 | 161.99 | 153.63 | 142.20 |
| R1 | 150.09 | 148.46 | 140.20 |
| Pivot | 140.10 | 140.10 | 140.10 |
| S1 | 128.20 | 131.74 | 136.18 |
| S2 | 118.21 | 126.57 | 134.18 |
| S3 | 106.31 | 118.21 | 132.17 |
Range & volatility
52-week range
124.53329.95
- ATR (14)
- 75.0758.8% of price
- Bollinger Bands (20, 2)
- 126.81 – 398.76
- From the 52-week high
- -61.3%
- Bars analysed
- 240
How these readings work
Computed after each close from MEHT'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 23 Jul 2003 is left out: a price move on that day was too large to compare earlier prices (for example an unadjusted split or bonus issue).
Pattern signals for MEHT → MEHT overview and price history →