Technical Trend Overview and Momentum Shift
Campus Activewear’s technical trend has deteriorated from a mildly bearish stance to a clear bearish posture, reflecting increased selling pressure and weakening price momentum. The daily moving averages are firmly bearish, with the stock price currently trading at ₹260.35, down 1.14% from the previous close of ₹263.35. This decline is consistent with the broader technical signals indicating a negative near-term outlook.
The weekly Moving Average Convergence Divergence (MACD) remains mildly bullish, suggesting some underlying positive momentum on a shorter timeframe. However, this is offset by the monthly MACD, which is mildly bearish, signalling that longer-term momentum is weakening. The Relative Strength Index (RSI) on both weekly and monthly charts shows no clear signal, hovering in neutral territory, which implies the stock is neither overbought nor oversold at present.
Bollinger Bands and KST Indicate Bearish Pressure
Bollinger Bands on the weekly chart have turned bearish, with the stock price approaching the lower band, indicating increased volatility and a potential continuation of the downward trend. The monthly Bollinger Bands also suggest a mildly bearish environment, reinforcing the cautious outlook.
The Know Sure Thing (KST) indicator, a momentum oscillator, confirms bearishness on both weekly and monthly timeframes. This dual confirmation highlights the sustained negative momentum affecting Campus Activewear, which could weigh on the stock’s price in the coming weeks.
Volume and Dow Theory Signals
On-Balance Volume (OBV) presents a mixed picture: while the weekly OBV shows no clear trend, the monthly OBV is bullish, indicating that longer-term accumulation might be occurring despite short-term selling pressure. This divergence suggests that institutional investors may be selectively accumulating shares, even as retail sentiment remains cautious.
Dow Theory assessments align with the broader technical narrative, showing mildly bearish signals on both weekly and monthly charts. This reinforces the view that the stock is currently in a consolidation or correction phase within a longer-term downtrend.
Price Performance Relative to Benchmarks
Campus Activewear’s recent price performance has lagged behind the broader market benchmarks. Over the past week, the stock declined by 2.87%, significantly underperforming the Sensex’s modest 0.30% gain. Over the last month, however, the stock posted a 4.37% gain, outperforming the Sensex’s 0.87% rise, indicating some short-term resilience.
Year-to-date, the stock is down 0.55%, while the Sensex has fallen 3.49%, suggesting relative stability in a volatile market. However, over the last year, Campus Activewear has declined 4.12%, contrasting sharply with the Sensex’s robust 10.25% gain. The three-year performance is particularly concerning, with the stock down 35.83% against the Sensex’s 38.32% rise, highlighting significant underperformance in the medium term.
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Mojo Score and Market Capitalisation Insights
Campus Activewear currently holds a Mojo Score of 43.0, reflecting a Sell rating, which was recently downgraded from a Strong Sell on 09 Jan 2026. This downgrade signals a deterioration in the stock’s fundamental and technical outlook as assessed by MarketsMOJO’s proprietary scoring system. The company’s market capitalisation grade stands at 3, indicating a relatively modest market cap compared to peers in the footwear sector.
The downgrade in Mojo Grade underscores the challenges facing Campus Activewear, including subdued price momentum and technical weakness. Investors should weigh these factors carefully against sector dynamics and broader market conditions before considering exposure.
Moving Averages and Daily Price Action
Daily moving averages reinforce the bearish sentiment, with the stock trading below key averages such as the 50-day and 200-day moving averages. Today’s trading range was narrow, with a high of ₹264.10 and a low of ₹260.00, closing near the lower end of the range. This price action suggests limited buying interest and potential for further downside if support levels fail to hold.
The 52-week high of ₹304.45 and low of ₹215.00 provide a wide trading band, with the current price closer to the lower end, indicating the stock remains under pressure despite occasional rebounds.
Sector and Industry Context
Operating within the footwear industry, Campus Activewear faces competitive pressures and evolving consumer preferences that impact its growth prospects. The sector has seen mixed performance recently, with some companies benefiting from lifestyle trends while others struggle with cost inflation and supply chain disruptions. Campus Activewear’s technical and fundamental challenges suggest it is currently on the weaker side of this spectrum.
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Investor Takeaway and Outlook
Campus Activewear’s technical indicators collectively point to a bearish momentum shift, with multiple signals confirming weakening price action. The mixed readings from MACD and OBV suggest some underlying support, but the dominant trend remains negative. Investors should be cautious, particularly given the stock’s underperformance relative to the Sensex over the medium and long term.
For those considering entry or exit points, monitoring the daily moving averages and Bollinger Bands will be critical to gauge potential reversals or further declines. The absence of strong RSI signals means the stock is not yet oversold, leaving room for additional downside risk.
Given the current technical and fundamental backdrop, a conservative approach is advisable. Investors may prefer to await clearer signs of trend reversal or improved momentum before increasing exposure to Campus Activewear.
Summary of Key Technical Metrics:
- Current Price: ₹260.35
- 52-Week Range: ₹215.00 - ₹304.45
- Daily Moving Averages: Bearish
- Weekly MACD: Mildly Bullish
- Monthly MACD: Mildly Bearish
- RSI (Weekly & Monthly): No Signal
- Bollinger Bands (Weekly): Bearish
- Bollinger Bands (Monthly): Mildly Bearish
- KST (Weekly & Monthly): Bearish
- Dow Theory (Weekly & Monthly): Mildly Bearish
- OBV (Weekly): No Trend; (Monthly): Bullish
- Mojo Score: 43.0 (Sell), downgraded from Strong Sell on 09 Jan 2026
In conclusion, Campus Activewear Ltd’s technical profile suggests a challenging near-term outlook with bearish momentum dominating. While some indicators hint at potential support, the overall trend advises prudence. Investors should closely monitor technical developments and sector dynamics before making significant portfolio decisions.
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