Technical Trend Overview and Momentum Shift
Recent analysis reveals that Control Print Ltd.'s technical trend has deteriorated from mildly bearish to outright bearish. The stock closed at ₹664.55 on 24 Feb 2026, down 1.43% from the previous close of ₹674.20. Intraday, it traded between ₹660.85 and ₹681.00, remaining well below its 52-week high of ₹918.55, though comfortably above its 52-week low of ₹571.90.
The bearish momentum is underscored by the Moving Average Convergence Divergence (MACD) indicator, which remains bearish on both weekly and monthly timeframes. This suggests that the stock’s short-term momentum is weakening relative to its longer-term trend, a signal often interpreted as a precursor to further price declines.
Meanwhile, the Relative Strength Index (RSI) on weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This lack of momentum confirmation indicates that while the stock is not yet oversold, it is also not exhibiting strong buying interest.
Bollinger Bands and Moving Averages Confirm Downtrend
Bollinger Bands, which measure price volatility and potential overbought or oversold conditions, are signalling bearishness on the weekly chart and mildly bearish conditions on the monthly chart. The stock price is trending near the lower band on the weekly scale, indicating increased selling pressure and potential continuation of the downtrend.
Daily moving averages further reinforce this negative outlook. The stock is trading below its key moving averages, a classic bearish signal that suggests sellers currently dominate the market. This technical setup often leads to further downside unless a significant catalyst reverses sentiment.
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Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) indicator presents a mixed picture. On the weekly timeframe, it remains bearish, aligning with other momentum indicators. However, the monthly KST is mildly bullish, suggesting some longer-term underlying strength that may provide support if short-term selling pressure eases.
Dow Theory analysis shows no clear trend on the weekly chart but indicates a mildly bearish stance on the monthly scale. This ambiguity reflects the stock’s current consolidation phase, where neither bulls nor bears have definitive control.
On-Balance Volume (OBV), which tracks buying and selling pressure through volume flow, shows no trend on the weekly chart and a mildly bearish signal monthly. This suggests that volume is not strongly supporting price advances, reinforcing the cautious technical outlook.
Comparative Performance Against Sensex
Despite the recent technical weakness, Control Print Ltd. has delivered impressive returns over longer periods compared to the benchmark Sensex. Over the past five years, the stock has surged by 194.70%, significantly outperforming the Sensex’s 67.42% gain. Similarly, over three years, the stock returned 45.56% versus the Sensex’s 39.74%.
However, shorter-term returns have been less favourable. Year-to-date, Control Print has declined by 4.29%, underperforming the Sensex’s 2.26% loss. Over the past month, the stock fell 2.31%, while the Sensex gained 2.15%. This divergence highlights the stock’s current technical challenges amid broader market resilience.
Mojo Score and Grade Update
MarketsMOJO’s proprietary scoring system assigns Control Print Ltd. a Mojo Score of 31.0, reflecting weak technical and fundamental parameters. The Mojo Grade was downgraded from Hold to Sell on 12 Jan 2026, signalling increased caution for investors. The company’s Market Cap Grade remains low at 4, consistent with its micro-cap status and limited liquidity.
These ratings incorporate the deteriorating technical trend and subdued momentum indicators, reinforcing the recommendation to avoid initiating new positions until a clearer reversal emerges.
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Investor Implications and Outlook
For investors, the current technical landscape suggests a cautious approach towards Control Print Ltd. The convergence of bearish MACD signals, weak moving averages, and negative Bollinger Band positioning indicates that the stock may face further downside pressure in the near term.
While the mildly bullish monthly KST and long-term outperformance relative to the Sensex provide some comfort, these factors are insufficient to offset the prevailing negative momentum. Investors should monitor for a sustained break above key moving averages and a positive shift in MACD and RSI readings before considering accumulation.
Given the stock’s micro-cap status and relatively low market cap grade, liquidity constraints may exacerbate price volatility, warranting additional prudence.
In summary, Control Print Ltd. currently exhibits a technical profile consistent with a sell recommendation, reflecting deteriorating momentum and increased risk. Market participants should weigh these signals carefully against their investment horizon and risk tolerance.
Summary of Key Technical Metrics:
- MACD: Weekly and Monthly - Bearish
- RSI: Weekly and Monthly - Neutral (No Signal)
- Bollinger Bands: Weekly - Bearish; Monthly - Mildly Bearish
- Moving Averages (Daily): Bearish (Price below key averages)
- KST: Weekly - Bearish; Monthly - Mildly Bullish
- Dow Theory: Weekly - No Trend; Monthly - Mildly Bearish
- OBV: Weekly - No Trend; Monthly - Mildly Bearish
Price and Return Highlights:
- Current Price: ₹664.55
- 52-Week High/Low: ₹918.55 / ₹571.90
- Day Change: -1.43%
- 1 Week Return: +5.28% (Sensex: +0.02%)
- 1 Month Return: -2.31% (Sensex: +2.15%)
- Year-to-Date Return: -4.29% (Sensex: -2.26%)
- 1 Year Return: +8.68% (Sensex: +10.60%)
- 3 Year Return: +45.56% (Sensex: +39.74%)
- 5 Year Return: +194.70% (Sensex: +67.42%)
- 10 Year Return: +132.04% (Sensex: +255.80%)
Conclusion
Control Print Ltd.’s recent technical deterioration, reflected in multiple bearish indicators and a downgrade in its Mojo Grade to Sell, suggests that investors should exercise caution. While the company’s long-term returns remain impressive, the current momentum and price action point to potential near-term weakness. Monitoring technical signals closely will be essential for timely investment decisions in this micro-cap IT - Hardware stock.
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