Goodyear India's Technical Trends Signal Mixed Market Sentiment Amidst Underperformance

Goodyear India, a player in the Tyres & Rubber Products industry, has recently undergone an evaluation revision reflecting its current market dynamics. The company's stock is currently priced at 980.00, slightly down from the previous close of 980.40. Over the past year, Goodyear India has faced challenges, with a return of -15.81%, contrasting with a -4.71% return from the Sensex during the same period.
In terms of technical indicators, the weekly MACD shows a mildly bearish trend, while the monthly MACD indicates a mildly bullish stance. The Relative Strength Index (RSI) is bearish on a weekly basis, with no signal on a monthly basis. Bollinger Bands present a mixed picture, showing a mildly bullish trend weekly and a mildly bearish trend monthly. Moving averages indicate a mildly bullish trend on a daily basis, while the KST reflects a bearish outlook both weekly and monthly.

The company's performance over various time frames reveals a stark contrast with the Sensex, particularly over three and five years, where Goodyear India has underperformed significantly. This evaluation adjustment highlights the need for stakeholders to closely monitor the company's trajectory amidst fluctuating market conditions.