The weekly Moving Average Convergence Divergence (MACD) indicator for Avanti Feeds signals a mildly bullish trend, whereas the monthly MACD presents a mildly bearish outlook. This divergence indicates a short-term positive momentum that contrasts with a more cautious longer-term view. The Relative Strength Index (RSI) adds further complexity, showing no clear signal on the weekly chart but a bearish indication on the monthly timeframe. Such mixed RSI readings suggest that while short-term momentum may be stabilising, longer-term momentum could be under pressure.
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Bollinger Bands provide a more uniformly bullish signal across both weekly and monthly charts, indicating that price volatility is currently supporting upward price movement. Conversely, daily moving averages suggest a mildly bearish trend, highlighting a short-term caution among traders. The Know Sure Thing (KST) oscillator aligns with the MACD, showing mild bullishness on the weekly scale but mild bearishness monthly, reinforcing the theme of short-term optimism tempered by longer-term caution.
Additional technical frameworks such as Dow Theory and On-Balance Volume (OBV) offer further insights. Both weekly and monthly Dow Theory signals lean mildly bullish, suggesting that the broader trend may be supportive of price gains. OBV readings are bullish on both timeframes, implying that volume trends are favouring price increases, which can be a positive sign for momentum traders.
From a market performance perspective, Avanti Feeds has outperformed the Sensex across multiple time horizons. Over the past week, the stock returned 4.53% compared to the Sensex’s 0.96%. This outperformance extends to one month (11.62% vs 0.86%), year-to-date (12.35% vs 8.36%), and one year (25.66% vs 9.48%). Over three years, Avanti Feeds has delivered a return of 80.43%, more than double the Sensex’s 37.31%. However, over five years, the Sensex’s 91.65% return surpasses the stock’s 54.25%. Over a decade, Avanti Feeds has shown a substantial 335.13% return, exceeding the Sensex’s 232.28%, highlighting its long-term growth trajectory within the FMCG sector.
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Avanti Feeds’ 52-week price range spans from ₹572.05 to ₹965.00, with the current price closer to the upper end of this range. This positioning suggests that the stock is trading nearer to its recent highs, which may influence technical evaluations and investor sentiment. The company’s market capitalisation grade stands at 3, reflecting its relative size within the FMCG sector. The recent adjustment in its Mojo Score to 71.0, accompanied by a change in its evaluation grade, indicates a revision in technical parameters that investors should consider alongside fundamental factors.
In summary, Avanti Feeds presents a complex technical picture with short-term indicators leaning mildly bullish while longer-term signals show caution. The mixed readings from MACD, RSI, moving averages, and other momentum indicators suggest that investors should closely monitor price action and volume trends. The stock’s historical returns relative to the Sensex demonstrate its capacity for growth, although recent technical adjustments highlight the importance of a balanced approach to evaluation.
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