Technical Indicators Signal Bearish Trends for Associated Alcohols & Breweries Amid Market Volatility

Associated Alcohols & Breweries, a small-cap player in the beverages industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 1,021.00, down from a previous close of 1,035.65. Over the past year, the stock has experienced a high of 1,496.30 and a low of 812.40, indicating significant volatility.
In terms of technical indicators, the weekly MACD and KST are showing bearish signals, while the monthly indicators reflect a mildly bearish trend. The Bollinger Bands indicate a bearish stance on a weekly basis, contrasting with a mildly bullish outlook on a monthly basis. The daily moving averages also suggest a bearish trend, while the On-Balance Volume shows a mildly bearish sentiment over the monthly period.

When comparing the company's returns to the Sensex, Associated Alcohols & Breweries has shown varied performance. Over the past week, the stock returned 2.61%, outperforming the Sensex's 1.58%. However, on a year-to-date basis, the stock has declined by 7.18%, while the Sensex has gained 5.43%. Notably, over a three-year period, the stock has delivered a remarkable return of 124.57%, significantly surpassing the Sensex's 40.01%. This long-term performance highlights the company's resilience in a competitive market.