Hexaware Technologies Shows Shift in Price Momentum Amid Mixed Technical Signals

Price Movement and Market Context

On 5 December 2025, Hexaware Technologies closed at ₹795.65, marking a day change of approximately 4.99% from the previous close of ₹757.80. The stock traded within a range of ₹750.55 to ₹808.40 during the session, approaching its 52-week high of ₹900.15 while remaining well above its 52-week low of ₹592.95. This price action indicates a strong recovery phase within the broader context of the Computers - Software & Consulting sector.

Comparatively, Hexaware’s recent returns have outpaced the benchmark Sensex index over short-term periods. The stock recorded a weekly return of 6.78%, contrasting with the Sensex’s decline of 0.53% over the same period. Over the past month, Hexaware’s return stood at 14.47%, significantly higher than the Sensex’s 2.16%. These figures highlight the stock’s relative strength in the current market environment.

Technical Trend Evolution

Technical trend analysis reveals a shift from a mildly bearish stance to a mildly bullish outlook. This transition is supported by a combination of momentum and volume-based indicators, which provide insight into the stock’s underlying strength and potential future trajectory.

The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD is signalling bullish momentum, suggesting that recent price gains may have underlying strength. However, the monthly MACD remains mildly bearish, indicating that longer-term momentum has yet to fully align with the shorter-term positive signals.

The Relative Strength Index (RSI), a momentum oscillator, shows no definitive signal on either the weekly or monthly charts. This neutrality suggests that the stock is neither overbought nor oversold, leaving room for further directional movement depending on upcoming market developments.

Bollinger Bands and Moving Averages

Bollinger Bands, which measure price volatility and potential overextension, are signalling bullish conditions on both weekly and monthly timeframes. This indicates that Hexaware’s price is trading near the upper band, reflecting increased buying interest and potential continuation of upward momentum.

Conversely, daily moving averages are mildly bearish, implying that short-term price averages remain below longer-term averages. This divergence between daily and weekly/monthly indicators suggests a transitional phase where short-term consolidation or correction could occur before a more sustained trend emerges.

Additional Momentum Indicators

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, shows bearish momentum on a weekly basis but turns bullish on the monthly chart. This divergence underscores the complexity of Hexaware’s price action, with short-term pressures contrasting with longer-term positive trends.

Dow Theory analysis aligns with a mildly bullish interpretation on both weekly and monthly timeframes, suggesting that the stock may be in the early stages of an upward phase according to this classical market theory.

On-Balance Volume (OBV), a volume-based indicator that tracks buying and selling pressure, is mildly bullish on the weekly chart but shows no clear trend monthly. This indicates that recent volume patterns support price gains in the short term, though longer-term volume trends remain inconclusive.

Sector and Industry Positioning

Hexaware Technologies operates within the Computers - Software & Consulting industry, a sector characterised by rapid innovation and evolving client demands. The company’s current market capitalisation grade places it among mid-cap peers, where technical and fundamental factors often interplay to influence investor sentiment.

While the stock’s five-year return of 69.02% trails the Sensex’s 89.14% over the same period, its ten-year return of 214.11% remains competitive relative to the Sensex’s 232.57%. This long-term performance reflects Hexaware’s sustained presence and growth within the technology services landscape.

Implications for Investors

The current technical landscape for Hexaware Technologies suggests a transitional phase where short-term caution may be warranted due to mildly bearish daily moving averages and weekly KST readings. However, the presence of bullish signals on weekly MACD, Bollinger Bands, and Dow Theory indicators points to potential for sustained upward momentum if these trends consolidate.

Investors analysing Hexaware should consider the interplay of these mixed signals alongside broader market conditions and sector dynamics. The stock’s relative outperformance against the Sensex in recent weeks and months may reflect underlying strength, but the absence of clear RSI signals and the divergence in momentum indicators advise a measured approach.

Summary

Hexaware Technologies is currently navigating a complex technical environment marked by a shift from mildly bearish to mildly bullish trends. The stock’s price momentum, supported by weekly bullish MACD and Bollinger Bands, contrasts with some short-term bearish indicators, highlighting a period of consolidation and potential inflection.

With a current price near ₹795.65 and trading activity approaching its yearly highs, Hexaware remains a notable player within the Computers - Software & Consulting sector. Market participants will be closely watching upcoming price and volume developments to gauge whether the recent positive momentum can be sustained over the medium to long term.

Overall, the recent assessment changes in Hexaware Technologies’ technical parameters underscore the importance of a balanced analysis that incorporates multiple indicators and timeframes to understand the stock’s evolving market position.

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