Technical Trend Overview and Price Movement
As of 24 Feb 2026, Andhra Sugars Ltd is trading at ₹71.84, slightly up from the previous close of ₹71.68. The stock’s intraday range has been relatively narrow, with a low of ₹71.50 and a high of ₹73.00. However, this modest price action belies a more complex technical picture. The stock’s 52-week high stands at ₹87.99, while the 52-week low is ₹63.27, indicating a wide trading band over the past year.
The technical trend has deteriorated from mildly bearish to outright bearish, reflecting increased selling pressure and weakening momentum. This shift is corroborated by the daily moving averages, which currently signal a bearish stance. The stock’s short-term momentum is losing steam, raising concerns about potential further downside.
MACD and Momentum Oscillators Signal Divergent Trends
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly timeframe, the MACD remains bearish, reinforcing the recent downward momentum. Conversely, the monthly MACD is mildly bullish, suggesting some underlying longer-term strength that may provide support if short-term selling abates.
Relative Strength Index (RSI) readings on both weekly and monthly charts currently show no clear signal, hovering in neutral zones. This lack of directional momentum from RSI indicates that the stock is neither overbought nor oversold, leaving room for either a rebound or further decline depending on market catalysts.
Bollinger Bands and KST Indicate Bearish Pressure
Bollinger Bands on weekly and monthly charts are mildly bearish, signalling that the stock price is trending towards the lower band, which often acts as a support level. This suggests that volatility is increasing on the downside, and traders should watch for potential breakdowns below key support levels.
The Know Sure Thing (KST) indicator aligns with this bearish narrative on the weekly chart, while the monthly KST remains mildly bullish. This divergence between short- and long-term momentum indicators highlights the stock’s current technical uncertainty.
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Moving Averages and Dow Theory Confirm Bearish Bias
Daily moving averages have turned bearish, signalling that the stock’s short-term trend is weakening. This is a critical technical development as moving averages often act as dynamic support and resistance levels. The bearish crossover suggests that sellers are gaining control, and the stock may face downward pressure in the near term.
Dow Theory analysis on the weekly chart is mildly bearish, indicating that the broader trend is losing strength. The monthly Dow Theory shows no clear trend, reflecting the stock’s indecision over longer periods. This mixed outlook underscores the importance of monitoring price action closely for confirmation of trend direction.
On-Balance Volume and Volume Trends
On-Balance Volume (OBV) on the weekly chart shows no distinct trend, implying that volume is not strongly supporting either buying or selling pressure. However, the monthly OBV is mildly bearish, suggesting that volume is slightly favouring sellers over the longer term. This subtle volume divergence may foreshadow further price weakness if selling intensifies.
Comparative Returns Highlight Underperformance
When compared to the benchmark Sensex, Andhra Sugars Ltd has underperformed significantly across multiple time horizons. Over the past week, the stock declined by 3.04%, while the Sensex was virtually flat, gaining 0.02%. Over one month, Andhra Sugars outperformed with a 5.71% gain versus Sensex’s 2.15%, but this appears to be a short-term anomaly.
Year-to-date, the stock has fallen 4.94%, underperforming the Sensex’s 2.26% decline. Over one year, the divergence is stark: Andhra Sugars lost 10.18%, while the Sensex gained 10.60%. Longer-term returns also reveal a troubling trend, with the stock down 40.73% over three years compared to the Sensex’s 39.74% gain, and a 5-year return of 20.07% versus Sensex’s 67.42%. Even over a decade, Andhra Sugars’ 227.74% gain trails the Sensex’s 255.80%.
Mojo Score and Grade Downgrade Reflect Weak Fundamentals
MarketsMOJO assigns Andhra Sugars a Mojo Score of 40.0, categorising it as a Sell. This represents a downgrade from a previous Hold rating on 12 Jan 2026, signalling deteriorating fundamentals and technical outlook. The company’s market cap grade is a low 4, indicating limited market capitalisation relative to peers in the commodity chemicals sector.
The downgrade reflects the combined impact of bearish technical signals, underwhelming price momentum, and relative underperformance against broader market indices. Investors should weigh these factors carefully when considering exposure to this micro-cap stock.
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Investor Takeaway and Outlook
Andhra Sugars Ltd’s technical indicators collectively point to a bearish momentum shift, with short-term signals deteriorating and longer-term indicators offering only mild support. The stock’s inability to sustain gains above key moving averages and the bearish MACD on weekly charts suggest that downside risks remain elevated.
While the monthly MACD and KST provide some hope for a stabilisation or recovery, the absence of strong RSI signals and the mildly bearish Bollinger Bands caution against premature optimism. The stock’s underperformance relative to the Sensex over multiple time frames further emphasises the challenges it faces in regaining investor confidence.
For investors, this technical landscape suggests a cautious approach. Those currently holding the stock may consider tightening stop-loss levels or reducing exposure, while prospective buyers might wait for clearer signs of trend reversal before committing capital. Monitoring volume trends and key support levels around ₹63.27 will be critical in assessing the stock’s next directional move.
Sector Context and Market Conditions
Operating within the commodity chemicals sector, Andhra Sugars is subject to volatility driven by raw material prices, regulatory changes, and global demand fluctuations. The sector itself has experienced mixed performance recently, with some companies benefiting from supply constraints while others face margin pressures.
Given the stock’s current technical and fundamental challenges, investors should also consider broader sector dynamics and macroeconomic factors when evaluating Andhra Sugars’ prospects. Diversification within the sector or exploring higher-rated alternatives may offer better risk-adjusted returns.
Conclusion
In summary, Andhra Sugars Ltd’s recent technical parameter changes reveal a clear shift towards bearish momentum, underscored by weakening moving averages, bearish MACD on weekly charts, and subdued volume support. Despite some mildly bullish monthly indicators, the overall technical and fundamental picture remains unfavourable.
Investors are advised to exercise caution and consider alternative opportunities within the commodity chemicals space or broader market until Andhra Sugars demonstrates a sustained technical turnaround supported by improving fundamentals.
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