Goodyear India Faces Mixed Technical Trends Amidst Competitive Market Challenges

Goodyear India, a small-cap player in the Tyres & Rubber Products industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 924.65, down from a previous close of 937.30, with a 52-week high of 1,084.00 and a low of 806.00. Today's trading saw a high of 944.05 and a low of 923.00.
The technical summary indicates a mixed performance across various indicators. The MACD shows a mildly bearish trend on a weekly basis, while the monthly perspective leans mildly bullish. The Relative Strength Index (RSI) is bullish weekly but shows no signal monthly. Bollinger Bands and KST both indicate bearish trends on a weekly and monthly basis, while moving averages suggest a mildly bullish outlook daily.

In terms of returns, Goodyear India has faced challenges compared to the Sensex. Over the past week, the stock has returned -5.65%, while the Sensex has gained 1.62%. The one-month performance shows a similar trend, with Goodyear India down 5.69% against the Sensex's 3.09% gain. Year-to-date, the stock has declined by 7.98%, contrasting with the Sensex's 8.22% increase. Over three years, the stock has returned -10.65%, while the Sensex has surged by 37.22%. However, over a five-year period, Goodyear India has shown a positive return of 12.47%, albeit significantly lagging behind the Sensex's impressive 93.78% growth. Over ten years, the stock has appreciated by 62.93%, compared to the Sensex's 230.19% rise. This performance highlights the challenges faced by Goodyear India in a competitive market landscape.