Technical Trend Overview and Price Movement
The stock closed at ₹475.70 on 19 Feb 2026, down marginally by 0.55% from the previous close of ₹478.35. Intraday, it traded between ₹474.75 and ₹484.85, indicating a relatively narrow range and subdued volatility. The 52-week high stands at ₹540.30, while the low is ₹368.00, placing the current price closer to the upper half of its annual range but still below recent highs.
The technical trend has shifted from mildly bullish to sideways, signalling a pause in upward momentum. This is corroborated by the Bollinger Bands on the weekly chart, which have flattened, indicating reduced volatility and a consolidation phase. Monthly Bollinger Bands, however, remain bearish, suggesting that the broader trend still faces downward pressure.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mildly bearish outlook on both weekly and monthly timeframes. The MACD line has crossed below the signal line on the weekly chart, signalling a potential weakening in upward momentum. On the monthly chart, the MACD remains below the signal line, reinforcing the cautious stance. This divergence between shorter and longer-term momentum suggests that while the stock may experience short-term consolidation, the medium-term trend is under pressure.
The Know Sure Thing (KST) indicator aligns with this view, showing mildly bearish signals on both weekly and monthly charts. This further confirms the deceleration in price momentum and the likelihood of a sideways or downward drift in the near term.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering around neutral levels. This indicates that the stock is neither overbought nor oversold, consistent with the sideways price action. The absence of extreme RSI readings suggests that the stock is consolidating without strong directional bias, leaving room for either a breakout or breakdown depending on upcoming market catalysts.
Moving Averages and Volume Trends
Daily moving averages remain mildly bullish, with the short-term averages (such as the 20-day and 50-day) positioned above longer-term averages, supporting a positive near-term bias. However, the lack of strong price appreciation and the sideways trend in other indicators temper this optimism.
On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish on the weekly chart and bullish on the monthly chart. This suggests that despite the sideways price movement, accumulation is occurring at a steady pace, which could provide a foundation for a future upward move if confirmed by other technical signals.
Our latest monthly pick, this Large Cap from Aluminium & Aluminium Products, is outperforming the market! See the analysis that helped our Investment Committee select this winner.
- - Market-beating performance
- - Committee-backed winner
- - Aluminium & Aluminium Products standout
Comparative Returns and Market Context
Examining Apollo Tyres’ returns relative to the Sensex provides additional context to the technical signals. Over the past week, the stock has declined by 6.67%, significantly underperforming the Sensex’s modest 0.59% drop. Similarly, the one-month return shows a 6.54% loss against a 0.20% gain in the benchmark index. Year-to-date, Apollo Tyres is down 4.78%, while the Sensex has fallen 1.74%.
However, the longer-term performance remains robust. Over one year, Apollo Tyres has delivered a 15.25% return, outpacing the Sensex’s 10.22%. The three-year and five-year returns are even more impressive, with gains of 43.72% and 101.53% respectively, compared to the Sensex’s 37.26% and 63.15%. This demonstrates the company’s ability to generate substantial wealth over time despite short-term volatility.
Over a decade, the stock has appreciated by 196.85%, slightly lagging the Sensex’s 254.07% gain, reflecting the cyclical nature of the tyres and rubber products sector relative to the broader market.
Dow Theory and Broader Technical Signals
Dow Theory assessments on weekly and monthly charts indicate a mildly bearish stance, consistent with the other momentum indicators. This suggests that the broader market forces impacting Apollo Tyres are currently exerting downward pressure, which may limit upside potential in the near term.
Investors should note that the market cap grade for Apollo Tyres is 3, reflecting a mid-tier valuation within its sector. The Mojo Score has decreased from a previous Buy rating to a Hold at 61.0 as of 18 Feb 2026, signalling a more cautious outlook from the MarketsMOJO analytical framework.
Apollo Tyres Ltd. or something better? Our SwitchER feature analyzes this small-cap Tyres & Rubber Products stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Investor Takeaways and Outlook
In summary, Apollo Tyres Ltd. is currently navigating a phase of technical consolidation, with momentum indicators signalling a pause after a period of gains. The mildly bearish MACD and KST readings on weekly and monthly charts, combined with neutral RSI levels, suggest that the stock may trade sideways or face modest downward pressure in the short term.
However, the mildly bullish daily moving averages and positive volume trends indicate underlying accumulation, which could support a rebound if broader market conditions improve. The stock’s long-term outperformance relative to the Sensex underscores its potential as a strategic holding for investors with a medium to long-term horizon.
Given the downgrade from Buy to Hold by MarketsMOJO and the current technical signals, investors should exercise caution and monitor key support levels near ₹470 and resistance around ₹485. A decisive break above or below these levels could set the tone for the next directional move.
Sector dynamics in Tyres & Rubber Products, including raw material costs and demand trends, will also play a crucial role in shaping Apollo Tyres’ price trajectory in the coming months.
Conclusion
Apollo Tyres Ltd. presents a mixed technical picture with a shift towards sideways momentum after a period of mild bullishness. While short-term indicators suggest caution, the stock’s accumulation signals and strong long-term returns provide a foundation for potential recovery. Investors should closely watch technical levels and broader market cues before making fresh commitments.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
