Recent Price Movement and Market Context
On 31 Dec 2025, Coromandel International closed at ₹2,265.50, down 4.25% from the previous close of ₹2,366.00. The stock traded within a range of ₹2,203.05 to ₹2,389.00 during the day, reflecting heightened volatility. This decline contrasts with the company’s impressive long-term performance, having delivered a 23.14% return over the past year and an extraordinary 1,098.99% return over the last decade, significantly outpacing the Sensex’s 8.21% and 226.18% returns respectively over the same periods.
Technical Trend Shift: From Sideways to Mildly Bearish
Technical analysis reveals that Coromandel’s price momentum has shifted from a sideways pattern to a mildly bearish trend. This change is evident in the daily moving averages, which have turned mildly bearish, indicating that short-term price averages are beginning to trend lower. The stock’s 52-week high stands at ₹2,720.00, while the 52-week low is ₹1,590.00, suggesting that despite recent weakness, the stock remains well above its yearly lows.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD remains bullish, signalling underlying positive momentum in the medium term. However, the monthly MACD has turned mildly bearish, suggesting that longer-term momentum is weakening. This divergence between weekly and monthly MACD readings indicates a potential consolidation phase or a cautious correction ahead.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of directional RSI momentum implies that the stock is neither overbought nor oversold, which aligns with the sideways to mildly bearish trend observed. Meanwhile, Bollinger Bands on the weekly chart indicate a sideways movement, reflecting price consolidation. On the monthly chart, Bollinger Bands are mildly bullish, hinting at some upward pressure over the longer term despite recent setbacks.
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Moving Averages and KST Indicator
Daily moving averages have turned mildly bearish, signalling that short-term price momentum is weakening. This is a cautionary sign for traders relying on moving average crossovers for entry or exit points. The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change calculations, shows a mildly bullish signal on the weekly chart but a mildly bearish stance on the monthly chart. This split suggests that while short-term momentum may still hold some strength, the longer-term trend is under pressure.
Volume and Dow Theory Signals
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly timeframe, indicating that volume is not confirming price moves in the short term. However, the monthly OBV is mildly bullish, suggesting accumulation over the longer term. Dow Theory assessments add further nuance: weekly signals are mildly bearish, reflecting recent price weakness, whereas monthly signals remain mildly bullish, consistent with the stock’s strong year-to-date and longer-term returns.
Comparative Performance Versus Sensex
Despite the recent technical softness, Coromandel International’s returns continue to outshine the broader market. Over the past week, the stock declined by 5.90%, significantly underperforming the Sensex’s 0.99% drop. Similarly, over the past month, the stock fell 4.89% compared to the Sensex’s 1.20% decline. However, the company’s year-to-date return of 20.51% more than doubles the Sensex’s 8.36%, and its five-year return of 182.23% dwarfs the Sensex’s 77.34%. These figures underscore the stock’s resilience and long-term growth potential despite short-term technical headwinds.
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Mojo Score and Analyst Ratings
Coromandel International currently holds a Mojo Score of 55.0, placing it in the 'Hold' category with a Mojo Grade of Hold, downgraded from a previous Buy rating on 18 Dec 2025. The downgrade reflects the recent technical deterioration and mixed indicator signals. The company’s Market Cap Grade stands at 2, indicating a mid-tier market capitalisation relative to its peers in the fertilisers sector. Investors should weigh these technical signals alongside fundamental factors before making decisions.
Outlook and Investor Considerations
The technical landscape for Coromandel International suggests a period of consolidation or mild correction in the near term. While weekly indicators such as MACD and KST maintain some bullish undertones, monthly signals and moving averages point to caution. The absence of strong RSI signals and the mixed volume trends further complicate the outlook.
Given the stock’s strong historical performance and significant outperformance relative to the Sensex, long-term investors may view recent weakness as a potential buying opportunity. However, traders focused on short-term momentum should remain vigilant for confirmation of trend direction, particularly watching for any sustained breaches below key moving averages or shifts in volume patterns.
Overall, Coromandel International’s technical parameters have shifted towards a more cautious stance, reflecting the complex interplay of bullish and bearish signals across multiple timeframes and indicators.
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