Stock Market Sees Technical Indicator Changes in 9 Stocks, Including Federal Bank and ICICI Pru Life

Feb 05 2024 11:39 AM IST
share
Share Via
In the past 24 hours, 9 stocks have had their technical grade downgraded, with 2 from Large Cap, 2 from Mid Cap, and 5 from Small Cap. This trend has been consistent in the last 5 days, with a total of 25 stocks having their technical grade downgraded. Investors should stay informed on these changes to make informed investment decisions.
In the past 24 hours, the stock market has seen some changes in technical indicators for various stocks. A total of 9 stocks have had their technical grade downgraded, with 2 from Large Cap, 2 from Mid Cap, and 5 from Small Cap. This trend has been consistent in the last 5 days, with a total of 25 stocks having their technical grade downgraded. Among the stocks that have been affected by this change are Federal Bank, ICICI Pru Life, Galaxy Surfact., Craftsman Auto, Kirl.Pneumatic, Timex Group, Lumax Industries, and Jyoti Resins. These stocks have all seen their technical grade downgraded from mildly bullish to either sideways or mildly bearish. Federal Bank, a large-cap private bank, has seen its technical grade change from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 64 and is rated as a Hold. Its financial grade remains positive, while its quality grade is good and valuation grade is very attractive. However, its 3-month return stands at 1.88%. Similarly, ICICI Pru Life, a large-cap finance/NBFC stock, has also had its technical grade downgraded from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 48 and is rated as a Sell. Its financial grade is flat, while its quality grade is average and valuation grade is attractive. Its 3-month return stands at -2.75%. In the mid-cap category, Galaxy Surfact., a chemical company, has seen its technical grade change from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 58 and is rated as a Hold. Its financial grade is flat, while its quality grade is good and valuation grade is very attractive. Its 3-month return stands at -6.64%. Craftsman Auto, an engineering company, has also seen its technical grade downgraded from mildly bullish to mildly bearish on February 2, 2024. The stock currently has a score of 61 and is rated as a Hold. Its financial grade remains positive, while its quality grade is good and valuation grade is attractive. However, its 3-month return stands at -13.1%. Moving on to the small-cap category, Kirl.Pneumatic, an industrial equipment company, has seen its technical grade change from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 50 and is rated as a Hold. Its financial grade is flat, while its quality grade is good and valuation grade is expensive. Its 3-month return stands at 23.66%. Timex Group, a lifestyle company, has had its technical grade downgraded from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 28 and is rated as a Strong Sell. Its financial grade is flat, while its quality grade is below average and valuation grade is expensive. Its 3-month return stands at -23.98%. Lumax Industries, an auto ancillary company, has also seen its technical grade change from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 26 and is rated as a Strong Sell. Its financial grade is negative, while its quality grade is below average and valuation grade is attractive. Its 3-month return stands at 9.14%. Lastly, Jyoti Resins, a chemical company, has had its technical grade downgraded from mildly bullish to sideways on February 2, 2024. The stock currently has a score of 57 and is rated as a Hold. Its financial grade remains positive, while its quality grade is average and valuation grade is very expensive. Its 3-month return stands at -7.43%. Investors should keep an eye on these stocks and consider the changes in their technical indicators before making any investment decisions. With the market constantly evolving, it is important to stay updated on the latest changes in technical grades to make informed investment choices.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News