Technical Trend and Price Movement
The stock’s technical trend has transitioned from a sideways pattern to a mildly bearish stance, signalling a subtle change in market sentiment. On 5 December 2025, Goodyear India’s share price closed at ₹864.00, marginally below the previous close of ₹864.80. The day’s trading range spanned from ₹850.00 to ₹874.90, indicating moderate intraday volatility within a relatively narrow band.
Over the past 52 weeks, the stock has oscillated between a low of ₹806.00 and a high of ₹1,078.00, underscoring a wide price range that reflects both market optimism and caution. This volatility is mirrored in the stock’s returns relative to the broader Sensex index, where Goodyear India has underperformed across multiple time horizons. For instance, the stock’s one-month return stands at -12.37%, contrasting with the Sensex’s 2.16% gain, while the year-to-date return is -14.02% against the Sensex’s 9.12% rise.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a predominantly bearish outlook on both weekly and monthly charts. This suggests that the stock’s momentum is currently skewed towards downward pressure, with the MACD line positioned below the signal line and the histogram reflecting negative values. Such a configuration often points to a continuation of the prevailing bearish trend unless offset by other technical factors.
Conversely, the Relative Strength Index (RSI) on the weekly timeframe signals bullish momentum, indicating that the stock may be experiencing short-term strength or a potential recovery phase. The RSI’s position above the midpoint level suggests that buying interest has emerged recently, although the monthly RSI does not currently provide a definitive signal. This divergence between weekly and monthly RSI readings highlights the nuanced nature of the stock’s momentum.
Bollinger Bands and Volatility Assessment
Bollinger Bands on both weekly and monthly charts indicate a mildly bearish stance. The bands have contracted slightly, reflecting a period of reduced volatility, but the price action remains closer to the lower band. This positioning often implies that the stock is trading near support levels, with the potential for either a rebound or further downside depending on market catalysts.
Moving Averages and Short-Term Trends
Daily moving averages suggest a mildly bullish trend, with the stock price hovering near or just above key short-term averages. This could indicate that despite broader bearish signals, there is some underlying buying interest supporting the price in the near term. The interplay between daily moving averages and longer-term indicators such as MACD and Bollinger Bands underscores the complexity of the current technical landscape for Goodyear India.
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KST and Dow Theory Perspectives
The Know Sure Thing (KST) indicator presents a bearish signal on the weekly chart but shifts to a mildly bullish tone on the monthly timeframe. This divergence suggests that while short-term momentum may be subdued, longer-term trends could be stabilising or preparing for a potential shift. Similarly, Dow Theory analysis points to a mildly bearish outlook on both weekly and monthly scales, reinforcing the cautious stance among market participants.
Volume and On-Balance Volume (OBV) Insights
Although specific On-Balance Volume (OBV) data is not available for the weekly and monthly periods, volume trends remain a critical factor to monitor. Volume patterns often provide confirmation of price movements, and any significant changes could influence the stock’s technical trajectory. Investors should watch for volume spikes or sustained volume increases that may validate either bullish or bearish momentum.
Comparative Performance Against Sensex
Goodyear India’s returns relative to the Sensex over various periods highlight a consistent underperformance. The stock’s one-week return of -2.28% contrasts with the Sensex’s -0.53%, while the one-year return shows a decline of -16.55% against the Sensex’s 5.32% gain. Over longer horizons, the disparity widens further, with the stock’s three-year return at -25.10% compared to the Sensex’s 35.62%, and the five-year return at -1.53% versus the Sensex’s 89.14%. Even over a decade, Goodyear India’s 53.19% return trails the Sensex’s 232.57%, underscoring the challenges faced by the company in matching broader market growth.
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Sector Context and Market Capitalisation
Operating within the Tyres & Rubber Products sector, Goodyear India is positioned in a competitive industry that is sensitive to raw material costs, demand cycles, and broader economic conditions. The company’s market capitalisation grade is moderate, reflecting its mid-cap status and the market’s measured view of its growth prospects. The recent revision in the company’s evaluation metrics aligns with the observed technical shifts, indicating a reassessment of its near-term outlook by market participants.
Investor Considerations and Outlook
Investors analysing Goodyear India should weigh the mixed technical signals carefully. The coexistence of bearish MACD and Bollinger Bands with a bullish weekly RSI and mildly bullish daily moving averages suggests a market in flux. The stock’s recent price behaviour near support levels may offer opportunities for short-term trading, but the broader trend remains cautious given the prevailing bearish momentum on weekly and monthly indicators.
Monitoring volume trends and further developments in momentum indicators will be crucial for anticipating potential trend reversals or continuation. Additionally, the stock’s relative underperformance compared to the Sensex over multiple timeframes highlights the importance of considering sectoral and macroeconomic factors when evaluating its prospects.
Summary
Goodyear India’s technical landscape is characterised by a shift towards a mildly bearish trend, tempered by pockets of short-term bullishness. The interplay of MACD, RSI, Bollinger Bands, moving averages, and other momentum indicators paints a nuanced picture of the stock’s current position. While the stock faces headwinds relative to the broader market, selective technical signals suggest that investors should remain attentive to evolving price action and volume dynamics for clearer directional cues.
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