Data Patterns Experiences Technical Indicator Shifts Amid Strong Relative Market Performance

Data Patterns (India), a midcap player in the Aerospace & Defense sector, has recently undergone an evaluation revision reflecting shifts in its technical indicators. The company's current price stands at 2,947.20, showing a notable increase from the previous close of 2,845.75. Over the past year, Data Patterns has experienced a 52-week high of 3,654.75 and a low of 1,350.50, indicating significant volatility.
The technical summary reveals mixed signals across various indicators. The MACD shows bullish momentum on a weekly basis, while the monthly perspective leans mildly bearish. The Relative Strength Index (RSI) indicates bearish conditions weekly, with no signal on a monthly basis. Bollinger Bands present a bullish outlook for both weekly and monthly assessments. However, moving averages suggest a mildly bearish trend on a daily basis, and Dow Theory reflects a mildly bearish stance weekly.

In terms of performance, Data Patterns has outperformed the Sensex in several time frames. Over the past week, the stock returned 4.4%, contrasting with the Sensex's decline of 0.98%. In the one-month period, the stock's return was 27.57%, significantly higher than the Sensex's 1.08%. Year-to-date, Data Patterns has achieved a return of 19.35%, compared to the Sensex's 4.14%. Over three years, the stock has surged by 276.86%, while the Sensex has risen by 45.78%. These figures highlight the company's strong performance relative to the broader market, despite recent technical adjustments.