Creative Newtech Ltd Technical Momentum Shifts Amid Bearish Signals

Technical Trend Transition and Price Movement

The stock of Creative Newtech Ltd, currently priced at ₹644.50, has seen a slight decline of 0.39% from its previous close of ₹647.00. The intraday range was narrow, with a low of ₹644.50 and a high of ₹648.00, indicating limited volatility on the day. Over the past week, the stock has underperformed the broader market, falling 2.58% compared to the Sensex’s modest 0.30% decline. The one-month return is more pronounced, with the stock down 6.4% while the Sensex gained 0.87%. Year-to-date, Creative Newtech Ltd has declined 10.52%, significantly lagging the Sensex’s 3.49% loss.

The 52-week price range of ₹600.05 to ₹796.00 highlights the stock’s recent weakness, with the current price closer to the lower end of this spectrum. This price action aligns with the technical trend shift from sideways to mildly bearish, signalling that momentum is waning and bears are gaining influence.

MACD and Momentum Indicators

While specific MACD values for weekly and monthly periods are not disclosed, the overall technical summary suggests a weakening momentum. The Moving Average Convergence Divergence (MACD) is a crucial momentum indicator that typically signals trend direction and strength. The absence of a clear positive MACD crossover on weekly and monthly charts implies that bullish momentum has stalled, contributing to the mildly bearish outlook.

RSI and Overbought/Oversold Conditions

The Relative Strength Index (RSI) readings for weekly and monthly timeframes are not explicitly provided, but the technical summary indicates a lack of strong bullish signals. RSI typically oscillates between 0 and 100, with values above 70 indicating overbought conditions and below 30 suggesting oversold levels. The current technical environment suggests the RSI is likely hovering in a neutral to slightly bearish zone, reinforcing the subdued momentum and caution among traders.

Moving Averages and Bollinger Bands

Daily moving averages, a key tool for trend analysis, have not shown a decisive bullish crossover, which would have indicated a potential uptrend. Instead, the lack of upward momentum in moving averages supports the mildly bearish technical trend. Bollinger Bands, which measure volatility and price levels relative to moving averages, have not signalled a breakout or strong reversal, suggesting that the stock remains range-bound but with a downward bias.

On-Balance Volume and Dow Theory Signals

The On-Balance Volume (OBV) indicator, which measures buying and selling pressure, is bearish on both weekly and monthly charts. This suggests that volume trends are not supporting price advances, indicating that sellers are more active than buyers. Dow Theory analysis shows no clear trend on the weekly timeframe and no trend on the monthly timeframe, reflecting uncertainty and lack of conviction among market participants.

KST and Broader Technical Context

The Know Sure Thing (KST) indicator, a momentum oscillator, has not provided strong bullish signals on weekly or monthly charts. This aligns with the overall mildly bearish technical stance. The combination of these indicators paints a picture of a stock struggling to gain upward momentum amid broader market pressures.

Mojo Score and Grade Upgrade

Creative Newtech Ltd’s Mojo Score currently stands at 54.0, reflecting a moderate technical strength. Notably, the Mojo Grade was upgraded from Sell to Hold on 23 February 2026, signalling a cautious improvement in the stock’s outlook. The Market Cap Grade is 4, indicating a mid-tier market capitalisation relative to peers. This upgrade suggests that while the stock is not yet a buy, it has stabilised enough to warrant a neutral stance, possibly awaiting clearer directional cues.

Comparative Performance and Sector Context

Within the miscellaneous industry and sector, Creative Newtech Ltd’s recent underperformance relative to the Sensex is a concern. The broader market has shown resilience, with the Sensex up 10.25% over the past year and 38.32% over three years, while the stock’s returns for these periods are not available, indicating possible volatility or lack of consistent performance. This divergence highlights the importance of monitoring technical signals closely before committing to a position.

Investor Takeaway and Outlook

Investors in Creative Newtech Ltd should approach with caution given the current mildly bearish technical trend and subdued momentum indicators. The stock’s recent price action near its 52-week low and bearish volume signals suggest limited upside in the near term. However, the upgrade in Mojo Grade to Hold indicates that the stock may be stabilising and could present opportunities if technical conditions improve.

Monitoring key indicators such as MACD crossovers, RSI movements above 50, and a positive shift in OBV will be critical to identifying a potential reversal. Additionally, a sustained move above daily moving averages and a breakout from Bollinger Bands could signal renewed buying interest. Until then, the stock remains in a cautious technical phase, reflecting broader market uncertainties and sector-specific challenges.

Summary

Creative Newtech Ltd’s technical parameters have shifted from a neutral sideways trend to a mildly bearish stance, driven by weakening momentum and bearish volume trends. Despite a recent Mojo Grade upgrade to Hold, the stock’s price performance lags the Sensex and faces resistance near its 52-week low. Investors should watch for confirmation of trend reversals through key technical indicators before increasing exposure.

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