Technical Trend Overview and Price Movement
As of 28 Jul 2026, Goodyear India’s stock price closed at ₹817.70, down 0.79% from the previous close of ₹824.25. The intraday range was relatively narrow, with a low of ₹810.00 and a high of ₹827.90. The stock remains well below its 52-week high of ₹1,022.10 but comfortably above the 52-week low of ₹660.00, indicating a moderate recovery from its lows.
The technical trend has shifted from a sideways pattern to mildly bearish, signalling a potential weakening in upward momentum. This shift is corroborated by the daily moving averages, which currently indicate a mildly bearish stance, suggesting that short-term price action is under pressure.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On the weekly timeframe, the MACD remains mildly bullish, implying that momentum over the past several weeks has retained some upward bias. However, the monthly MACD has turned bearish, signalling that longer-term momentum is deteriorating. This divergence between weekly and monthly MACD readings suggests that while short-term traders might find some buying opportunities, longer-term investors should exercise caution.
The Know Sure Thing (KST) indicator aligns with this mixed view: bullish on the weekly chart but bearish on the monthly. This further emphasises the conflicting signals between short-term strength and longer-term weakness.
RSI and Bollinger Bands Analysis
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This indicates that the stock is neither overbought nor oversold, leaving room for price movement in either direction depending on other factors.
Bollinger Bands provide additional insight. On the weekly chart, the bands suggest a mildly bullish environment, with price action likely supported near the lower band and potential for a bounce. Conversely, the monthly Bollinger Bands are mildly bearish, indicating that over a longer horizon, volatility and price pressure may be skewed downward.
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Moving Averages and Volume Trends
Daily moving averages have turned mildly bearish, reflecting recent price declines and signalling potential resistance ahead. This suggests that the stock may face challenges in sustaining upward momentum without a catalyst. The On-Balance Volume (OBV) indicator shows no clear trend on the weekly chart but is bullish on the monthly timeframe, indicating that longer-term accumulation by investors may be underway despite short-term price weakness.
Dow Theory and Broader Market Context
According to Dow Theory, the weekly chart shows no definitive trend, while the monthly chart is mildly bullish. This mixed reading implies that the stock is in a consolidation phase in the short term but may have underlying strength over the longer term.
Comparing Goodyear India’s returns with the Sensex reveals a challenging performance over multiple timeframes. The stock has outperformed the Sensex over the past week and month, with returns of -0.20% and +7.04% respectively, compared to the Sensex’s -1.12% and -0.34%. However, year-to-date and longer-term returns lag significantly, with a 1-year return of -16.81% versus Sensex’s -5.68%, and a 3-year return of -42.24% against Sensex’s +15.95%. Over five years, the stock is down 35.68%, while the Sensex has gained 46.13%. Even over a decade, Goodyear India’s 55.09% return pales in comparison to the Sensex’s 174.18%.
Mojo Score and Rating Upgrade
MarketsMOJO has upgraded Goodyear India’s Mojo Grade from Sell to Hold as of 23 Jul 2026, reflecting an improved outlook amid the mixed technical signals. The current Mojo Score stands at 51.0, indicating a neutral stance. The company is classified as a small-cap within the Tyres & Rubber Products sector, which has been facing headwinds due to raw material cost pressures and fluctuating demand.
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Investor Takeaway and Outlook
Goodyear India Ltd’s technical indicators present a complex scenario. The mildly bearish daily moving averages and monthly MACD suggest caution for investors looking for sustained upward momentum. However, weekly MACD and KST indicators offer some optimism for short-term traders seeking entry points. The neutral RSI and mixed Bollinger Bands readings reinforce the need for careful monitoring of price action and volume trends.
Given the stock’s underperformance relative to the Sensex over longer periods, investors should weigh the company’s fundamentals and sector outlook alongside technical signals. The recent upgrade from Sell to Hold by MarketsMOJO reflects a tentative improvement but stops short of a strong buy recommendation.
In summary, Goodyear India appears to be at a technical crossroads, with short-term bullish momentum tempered by longer-term bearish signals. Investors with a higher risk tolerance may consider selective exposure, while more conservative participants might await clearer confirmation of trend direction.
Summary of Key Technical Indicators:
- Technical Trend: Shifted from sideways to mildly bearish
- MACD: Weekly mildly bullish; Monthly bearish
- RSI: Neutral on both weekly and monthly
- Bollinger Bands: Weekly mildly bullish; Monthly mildly bearish
- Moving Averages: Daily mildly bearish
- KST: Weekly bullish; Monthly bearish
- Dow Theory: Weekly no trend; Monthly mildly bullish
- OBV: Weekly no trend; Monthly bullish
Price and Return Metrics:
- Current Price: ₹817.70
- 52-Week High/Low: ₹1,022.10 / ₹660.00
- 1 Week Return: -0.20% vs Sensex -1.12%
- 1 Month Return: +7.04% vs Sensex -0.34%
- Year-to-Date Return: -3.65% vs Sensex -9.84%
- 1 Year Return: -16.81% vs Sensex -5.68%
- 3 Year Return: -42.24% vs Sensex +15.95%
- 5 Year Return: -35.68% vs Sensex +46.13%
- 10 Year Return: +55.09% vs Sensex +174.18%
Investors should continue to monitor Goodyear India’s price action in conjunction with sector developments and broader market trends to make informed decisions.
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