Technical Trend Shift and Price Movement
The stock closed at ₹650.05 on 13 Feb 2026, down 3.84% from the previous close of ₹676.00. Intraday, it traded between ₹650.05 and ₹682.15, nearing its 52-week low of ₹645.55, while remaining significantly below its 52-week high of ₹796.00. This price action signals weakening buying interest and increased selling pressure.
Over the past week, Creative Newtech’s stock return has declined sharply by 10.64%, contrasting starkly with the Sensex’s modest gain of 0.43% over the same period. The one-month return also reflects a negative 6.88% against the Sensex’s slight dip of 0.24%. Year-to-date, the stock has fallen 9.75%, underperforming the broader market’s 1.81% decline. These figures highlight the stock’s vulnerability amid broader market stability.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator, a key momentum oscillator, has shown a weakening trend on both weekly and monthly charts. Although exact MACD values are not disclosed, the overall technical summary indicates a bearish crossover, where the MACD line has fallen below the signal line, signalling a potential downtrend continuation.
This bearish MACD alignment suggests that the stock’s upward momentum has dissipated, and sellers are gaining control. The lack of positive divergence further confirms the absence of a near-term reversal signal.
Relative Strength Index (RSI) Analysis
The RSI readings on weekly and monthly timeframes remain subdued, indicating that the stock is neither oversold nor overbought but trending towards bearish territory. Typically, an RSI below 50 suggests weakening momentum, and Creative Newtech’s RSI is consistent with this interpretation, reinforcing the mild bearish outlook.
Moving Averages and Bollinger Bands
Daily moving averages have turned negative, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This crossover to the downside is a classic technical warning sign, often prompting cautiousness among traders.
Bollinger Bands on weekly and monthly charts show the stock price hugging the lower band, which can indicate increased volatility and selling pressure. However, this proximity to the lower band also suggests the possibility of a short-term bounce if buying interest returns.
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Dow Theory and KST Indicators
According to Dow Theory, the weekly trend for Creative Newtech is mildly bearish, while the monthly trend aligns with this negative outlook. This consensus across timeframes suggests a sustained downtrend rather than a transient correction.
The Know Sure Thing (KST) oscillator, a momentum indicator that aggregates multiple rate-of-change calculations, also reflects bearish signals on both weekly and monthly charts. This further corroborates the weakening price momentum and the likelihood of continued downward pressure.
On-Balance Volume (OBV) and Market Capitalisation
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly and monthly scales, indicating that volume has not decisively supported either buying or selling pressure. This lack of volume confirmation often precedes increased volatility or trend reversals, warranting close monitoring.
Creative Newtech’s Market Cap Grade stands at 4, reflecting a relatively modest market capitalisation within its sector. The company’s Mojo Score of 48.0 and a recent downgrade from Hold to Sell on 12 Feb 2026 by MarketsMOJO underline the cautious stance adopted by analysts.
Comparative Performance and Sector Context
When compared with the broader Sensex index, Creative Newtech’s underperformance is stark. While the Sensex has delivered a 9.85% return over the past year and a robust 264.02% over ten years, Creative Newtech’s returns remain negative or unavailable for these longer periods, highlighting its laggard status.
This underperformance is particularly notable given the company’s classification within the Miscellaneous industry and sector, where peers have generally maintained steadier momentum. Investors should weigh this relative weakness carefully when considering portfolio allocations.
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Investor Implications and Outlook
The technical downgrade and bearish momentum indicators suggest that Creative Newtech Ltd is currently facing headwinds that could persist in the near term. The downgrade from Hold to Sell by MarketsMOJO, combined with a Mojo Score below 50, signals that investors should exercise caution.
While the stock’s proximity to its 52-week low might attract value hunters, the absence of strong volume support and the alignment of multiple bearish technical indicators caution against aggressive accumulation at this stage.
Investors with a medium to long-term horizon should monitor key technical levels, particularly the 50-day and 200-day moving averages, for signs of a trend reversal. Additionally, any improvement in momentum indicators such as MACD and RSI could provide early signals of recovery.
Given the stock’s underperformance relative to the Sensex and the broader Miscellaneous sector, portfolio managers may consider rebalancing towards higher-rated alternatives within the sector or other segments offering stronger technical and fundamental prospects.
Summary
Creative Newtech Ltd’s recent technical parameter changes reflect a shift towards a mildly bearish momentum, confirmed by multiple indicators including MACD, RSI, moving averages, and Dow Theory. The stock’s downgrade to a Sell rating and its underwhelming price performance relative to the Sensex underscore the challenges ahead. Investors are advised to approach with caution and consider alternative opportunities until a clear technical recovery emerges.
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