Price Momentum and Market Performance
Apollo Tyres closed at ₹504.95 on 4 Feb 2026, marking a significant intraday gain of 4.62% from the previous close of ₹482.65. The stock traded within a range of ₹487.55 to ₹506.50, approaching its 52-week high of ₹540.30, while comfortably above its 52-week low of ₹368.00. This price action reflects renewed buying interest and a potential shift in investor sentiment.
Over the past year, Apollo Tyres has delivered a robust return of 21.7%, substantially outperforming the Sensex’s 8.49% gain. Its longer-term performance is even more impressive, with five-year and ten-year returns of 122.15% and 265.77% respectively, eclipsing the Sensex’s 66.63% and 245.70% over the same periods. This outperformance underscores the company’s resilience and growth potential within the Tyres & Rubber Products industry.
Technical Indicator Analysis: Mixed Signals
The technical landscape for Apollo Tyres is characterised by a blend of bullish and bearish signals across different timeframes and indicators, suggesting a cautious but optimistic outlook.
MACD (Moving Average Convergence Divergence): On a weekly basis, the MACD remains mildly bearish, indicating some short-term selling pressure or consolidation. However, the monthly MACD has turned bullish, signalling that the longer-term momentum is improving and could support further price appreciation.
RSI (Relative Strength Index): Both weekly and monthly RSI readings currently show no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, providing room for potential directional moves without immediate risk of reversal due to extreme momentum.
Bollinger Bands: The weekly Bollinger Bands indicate a sideways trend, reflecting recent price consolidation. Conversely, the monthly Bollinger Bands are bullish, implying that volatility is expanding upwards over the longer term, which could lead to a breakout above resistance levels.
Moving Averages: Daily moving averages have turned mildly bullish, with the stock price trading above key short-term averages. This supports the notion of a positive near-term trend, encouraging momentum traders to consider long positions.
KST (Know Sure Thing): Both weekly and monthly KST indicators remain mildly bearish, signalling some caution as momentum may not yet be fully confirmed. This divergence between KST and other indicators highlights the importance of monitoring price action closely for confirmation.
Dow Theory: Weekly and monthly Dow Theory assessments are mildly bearish, suggesting that the broader trend may still be under pressure despite recent gains. This could imply that the current rally is part of a corrective phase rather than a sustained uptrend.
On-Balance Volume (OBV): Weekly OBV is mildly bearish, indicating that volume trends have not fully supported the recent price rise. Monthly OBV shows no clear trend, which may reflect indecision among institutional investors or a lack of strong accumulation.
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Mojo Grade Downgrade and Market Cap Considerations
On 12 Jan 2026, Apollo Tyres’ Mojo Grade was downgraded from Buy to Hold, reflecting a more cautious stance by MarketsMOJO analysts. The current Mojo Score stands at 65.0, indicating moderate confidence in the stock’s prospects. The Market Cap Grade is 3, suggesting a mid-tier valuation relative to peers in the Tyres & Rubber Products sector.
This downgrade aligns with the mixed technical signals and the mildly bearish weekly momentum indicators. Investors should weigh these factors carefully, considering the potential for short-term volatility against the company’s strong long-term fundamentals and sector positioning.
Comparative Sector and Market Context
Within the Tyres & Rubber Products industry, Apollo Tyres faces competition from both domestic and international players. Its recent price momentum shift to mildly bullish contrasts with some peers that remain in consolidation or bearish phases. The broader market context, including the Sensex’s recent negative returns over one month (-2.36%) and year-to-date (-1.74%), highlights Apollo Tyres’ relative resilience.
However, the weekly negative returns of -0.30% for Apollo Tyres compared to the Sensex’s positive 2.30% suggest some short-term underperformance that technical indicators like the weekly MACD and KST corroborate. This divergence may reflect sector-specific challenges or profit-taking after recent gains.
Investor Implications and Outlook
For investors, the current technical setup suggests a cautiously optimistic approach. The mildly bullish daily moving averages and monthly MACD support the possibility of further upside, especially if the stock can sustain above the ₹500 mark and approach its 52-week high of ₹540.30.
Nevertheless, the mildly bearish weekly momentum indicators and neutral RSI readings advise prudence. A failure to break above resistance levels or a deterioration in volume trends could trigger a pullback or sideways consolidation.
Long-term investors may find comfort in Apollo Tyres’ strong multi-year returns and sector fundamentals, while traders should monitor key technical levels and indicator confirmations before committing to new positions.
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Summary
Apollo Tyres Ltd. is at a technical crossroads, with price momentum shifting to mildly bullish territory amid a complex array of indicator signals. While monthly MACD and moving averages suggest improving longer-term momentum, weekly bearish signals and neutral RSI readings counsel caution. The recent Mojo Grade downgrade to Hold reflects this balanced view.
Investors should consider Apollo Tyres’ strong historical returns and sector positioning alongside the mixed technical outlook. Monitoring key support and resistance levels, volume trends, and momentum indicators will be crucial in assessing the stock’s next directional move.
Overall, Apollo Tyres presents a compelling case for selective accumulation with risk management, particularly for those with a medium to long-term investment horizon.
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