Garuda Construction Experiences Technical Trend Adjustments Amid Market Volatility

Garuda Construction and Engineering, a microcap player in the construction industry, has recently undergone a technical trend adjustment. The company's current price stands at 104.02, slightly down from the previous close of 104.84. Over the past year, Garuda has experienced significant fluctuations, with a 52-week high of 153.50 and a low of 76.02.
In terms of technical indicators, the MACD and KST show no clear signals on both weekly and monthly charts, while the RSI indicates no signal on a weekly basis. The Bollinger Bands reflect a bearish trend on the weekly chart, suggesting some volatility in price movements. The Dow Theory indicates a mildly bullish trend on a weekly basis, although there is no discernible trend on a monthly basis.

When comparing the company's performance to the Sensex, Garuda's stock return over the past week was 0.91%, outperforming the Sensex's return of 0.33%. However, over the longer term, the company has faced challenges, with a year-to-date return of -22.08%, contrasting sharply with the Sensex's gain of 4.42%. This evaluation revision highlights the ongoing dynamics within the construction sector and the company's position relative to broader market trends.