Century Plyboards (India) Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend Overview and Price Movement

As of 16 Feb 2026, Century Plyboards closed at ₹765.35, down 1.72% from the previous close of ₹778.75. The stock’s intraday range was relatively tight, with a low of ₹762.95 and a high of ₹778.60, indicating some consolidation near current levels. The 52-week high stands at ₹856.65, while the 52-week low is ₹630.00, placing the current price closer to the upper half of its annual range but showing signs of recent weakness.

The technical trend has shifted from mildly bullish to mildly bearish, reflecting a cautious stance among traders and investors. This change is corroborated by weekly and monthly MACD readings, both mildly bearish, signalling a potential slowdown in upward momentum. The Moving Average Convergence Divergence (MACD) is a key momentum indicator, and its bearish readings on longer timeframes suggest that the stock may face resistance in sustaining recent gains.

Momentum Indicators: MACD, RSI, and KST

The weekly and monthly MACD indicators have deteriorated to mildly bearish levels, indicating that the momentum that supported the stock’s rise is waning. This is a significant development given that MACD is often used to confirm trend direction and strength. Meanwhile, the Relative Strength Index (RSI) remains neutral on both weekly and monthly charts, signalling no immediate overbought or oversold conditions. This lack of RSI signal suggests that the stock is neither excessively bought nor sold, leaving room for either a rebound or further decline depending on market catalysts.

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, also aligns with the bearish sentiment on weekly and monthly timeframes. This further reinforces the view that the stock’s price momentum is under pressure, despite the absence of extreme RSI readings.

Moving Averages and Bollinger Bands Analysis

On a daily basis, moving averages remain mildly bullish, indicating that short-term price action still favours the upside. This suggests that while the broader momentum is weakening, there is some underlying support in the near term. However, the Bollinger Bands on both weekly and monthly charts are bearish, signalling increased volatility and a potential for downward price pressure. The stock’s price is likely testing the lower band boundaries, which often act as dynamic support or resistance levels.

Volume and Dow Theory Signals

On Balance Volume (OBV) presents a mixed picture: weekly OBV is mildly bearish, reflecting selling pressure, whereas monthly OBV is mildly bullish, indicating accumulation over a longer horizon. This divergence suggests that while short-term traders may be exiting positions, longer-term investors could be accumulating shares, anticipating a recovery or stabilisation.

Dow Theory analysis shows no clear trend on the weekly chart but a mildly bearish trend on the monthly chart. This aligns with the broader technical narrative of a cautious market stance, where the stock is yet to confirm a definitive directional trend.

Comparative Performance and Market Context

Century Plyboards’ recent returns have lagged behind the broader Sensex benchmark over several timeframes. Over the past week, the stock declined by 4.15%, compared to a 1.14% drop in the Sensex. Over one month, the stock marginally gained 0.14%, while the Sensex fell 1.20%. Year-to-date, the stock is down 7.66%, significantly underperforming the Sensex’s 3.04% decline. Over the one-year horizon, the stock is slightly down by 0.36%, whereas the Sensex has advanced 8.52%.

However, the longer-term performance remains robust. Over three years, Century Plyboards has delivered a 49.35% return, outperforming the Sensex’s 36.73%. Over five years, the stock’s return of 155.46% far exceeds the Sensex’s 60.30%, and over a decade, the stock has surged 445.32%, compared to the Sensex’s 259.46%. This long-term outperformance highlights the company’s resilience and growth potential despite recent technical setbacks.

Mojo Score and Rating Update

MarketsMOJO has upgraded Century Plyboards’ Mojo Grade from Sell to Hold as of 6 Feb 2026, reflecting a more balanced outlook amid the mixed technical signals. The current Mojo Score stands at 50.0, indicating a neutral stance. The Market Cap Grade is 3, suggesting a mid-tier market capitalisation relative to peers in the plywood boards and laminates sector.

This upgrade from Sell to Hold signals that while the stock is not yet a strong buy, it is no longer considered a sell, aligning with the technical indicators that show a mild bearishness but also some underlying support.

Investor Takeaway and Outlook

Investors in Century Plyboards should approach the stock with measured caution given the recent shift in technical momentum. The mildly bearish MACD and Bollinger Bands on weekly and monthly charts suggest that the stock may face resistance in the near term, while the neutral RSI indicates no immediate oversold conditions to prompt a sharp rebound.

Short-term moving averages remain mildly bullish, which could provide some support for a consolidation phase or a modest recovery. However, the mixed signals from volume indicators and Dow Theory imply that the stock’s trend is not yet firmly established, warranting close monitoring of price action and volume in the coming weeks.

Long-term investors may find comfort in the stock’s strong historical returns and the recent upgrade to a Hold rating by MarketsMOJO, which reflects a more balanced risk-reward profile. Nonetheless, the current technical environment advises prudence, especially for traders seeking momentum-driven opportunities.

Overall, Century Plyboards is navigating a transitional phase in its price momentum, with technical indicators signalling a cautious stance. Investors should weigh these signals alongside fundamental factors and sector dynamics before making allocation decisions.

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