Current Price Performance and Market Context
As of 17 Feb 2026, Forbes Precision closed at ₹135.05, down 2.46% from the previous close of ₹138.45. The stock traded within a narrow intraday range, hitting a high of ₹137.95 and a low of ₹135.00. This price level remains significantly below its 52-week high of ₹235.90, underscoring the persistent weakness over the past year. The 52-week low stands at ₹123.00, indicating that the current price is closer to the lower end of its annual range.
Comparatively, the stock has underperformed the broader market benchmark, the Sensex, over multiple time frames. Year-to-date, Forbes Precision has declined by 2.14%, slightly better than the Sensex’s 2.28% fall, but over the last year, the stock has dropped 11.24% while the Sensex gained 9.66%. This divergence highlights sector-specific or company-specific challenges that have weighed on investor sentiment.
Technical Trend and Momentum Indicators
The technical trend for Forbes Precision has shifted from a strongly bearish to a mildly bearish stance, signalling a potential easing of downward momentum but no definitive reversal yet. The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture: the weekly MACD is mildly bullish, suggesting some short-term positive momentum, while the monthly MACD remains neutral or inconclusive. This divergence between weekly and monthly MACD readings indicates that while short-term momentum may be improving, the longer-term trend remains uncertain.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in a neutral zone. This suggests that the stock is neither overbought nor oversold, leaving room for either a rebound or further decline depending on upcoming market catalysts.
Moving Averages and Bollinger Bands Analysis
Daily moving averages continue to reflect a bearish outlook, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This positioning typically signals sustained selling pressure and a lack of bullish conviction among traders. Meanwhile, Bollinger Bands indicate bearishness on the weekly chart and mildly bearish conditions on the monthly chart, reinforcing the notion of constrained price action within a downward channel.
The KST (Know Sure Thing) indicator remains bearish on the weekly timeframe, further confirming the subdued momentum. However, the Dow Theory applied to weekly data shows a mildly bullish signal, hinting at a possible early stage of trend improvement, though this is not yet confirmed on the monthly scale.
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On-Balance Volume and Market Capitalisation Insights
On-Balance Volume (OBV) data for Forbes Precision is currently unavailable or inconclusive, limiting insights into volume-driven momentum. However, the company’s Market Cap Grade stands at 4, indicating a relatively modest market capitalisation within its sector. This grade, combined with a Mojo Score of 31.0 and a recent upgrade from a Strong Sell to a Sell rating on 16 Feb 2026, reflects cautious sentiment among analysts and investors alike.
The downgrade in Mojo Grade from Strong Sell to Sell suggests a slight improvement in outlook, but the overall recommendation remains negative. This is consistent with the technical indicators that point to a mild easing of bearish pressure rather than a robust recovery.
Sector and Industry Comparison
Operating within the industrial manufacturing sector, Forbes Precision faces headwinds from broader economic factors affecting capital goods and manufacturing demand. The sector has seen mixed performance recently, with some peers showing resilience while others struggle with supply chain disruptions and fluctuating raw material costs. Forbes Precision’s relative underperformance compared to the Sensex and its own historical returns over one year (-11.24%) highlights the challenges specific to the company or its niche within the sector.
Investors should weigh these sectoral dynamics alongside the technical signals when considering exposure to Forbes Precision. The mildly bearish technical trend suggests that any recovery may be gradual and contingent on improved industrial demand and company-specific catalysts.
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Investor Takeaway and Outlook
Forbes Precision Tools & Machine Parts Ltd’s technical parameters reveal a nuanced picture. The shift from strongly bearish to mildly bearish trend conditions, combined with a weekly MACD that is mildly bullish, suggests that the stock may be stabilising after a prolonged downtrend. However, the absence of strong RSI signals and the persistence of bearish moving averages caution against premature optimism.
Investors should monitor key technical levels closely. A sustained move above the daily moving averages and a breakout above the upper Bollinger Band on weekly charts could signal a more definitive trend reversal. Conversely, a drop below the recent low of ₹135.00 may reinforce bearish momentum and open the door to further declines towards the 52-week low of ₹123.00.
Given the current Mojo Grade of Sell and a modest Mojo Score of 31.0, the stock remains a cautious proposition. Market participants should consider sectoral trends, company fundamentals, and broader economic indicators alongside technical signals before making investment decisions.
Summary of Key Technical Metrics:
- Current Price: ₹135.05 (down 2.46%)
- 52-Week Range: ₹123.00 - ₹235.90
- MACD Weekly: Mildly Bullish
- MACD Monthly: Neutral
- RSI Weekly & Monthly: No clear signal
- Bollinger Bands Weekly: Bearish; Monthly: Mildly Bearish
- Moving Averages Daily: Bearish
- KST Weekly: Bearish
- Dow Theory Weekly: Mildly Bullish; Monthly: No Trend
- Mojo Score: 31.0 (Sell, upgraded from Strong Sell on 16 Feb 2026)
In conclusion, while Forbes Precision shows tentative signs of technical stabilisation, the prevailing sentiment remains cautious. Investors should remain vigilant for confirmation of trend changes and consider alternative opportunities within the industrial manufacturing sector or broader market.
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