Is Capri Global technically bullish or bearish?

Overview of Recent Price Movements

As of the latest trading session, Capri Global closed at ₹187.10, slightly down from the previous close of ₹188.15. The stock traded within a narrow intraday range, hitting a high of ₹190.55 and a low of ₹187.00. Over the past 52 weeks, the share price has oscillated between ₹150.60 and ₹231.70, indicating a significant volatility band. The current price sits closer to the lower end of this range, suggesting some pressure on the stock in recent months.

Technical Indicators: Mixed Signals Across Timeframes

Examining the technical indicators reveals a nuanced picture. The Moving Average Convergence Divergence (MACD) indicator shows a mildly bearish signal on the weekly chart, while the monthly chart remains bullish. This divergence suggests that while short-term momentum may be weakening, the longer-term trend retains some strength.

The Relative Strength Index (RSI), a momentum oscillator, does not currently provide a clear signal on either the weekly or monthly timeframe, indicating neither overbought nor oversold conditions. This neutrality implies that the stock is not exhibiting extreme momentum in either direction.

Bollinger Bands, which measure volatility and potential price extremes, are bearish on both weekly and monthly charts. This suggests that the stock price is trending towards the lower band, often interpreted as a sign of downward pressure or increased volatility.

Additional Technical Measures

The Know Sure Thing (KST) indicator, which helps identify major price cycles, is mildly bearish on the weekly chart and bearish on the monthly chart. This aligns with the Bollinger Bands’ bearish stance and supports the view of weakening momentum over the medium term.

Dow Theory analysis shows a mildly bearish trend on the weekly timeframe but no clear trend on the monthly scale. This mixed reading further emphasises the short-term caution against a backdrop of longer-term uncertainty.

On-Balance Volume (OBV), a volume-based indicator that can signal buying or selling pressure, is mildly bearish on the weekly chart and neutral on the monthly chart. This suggests that recent trading volumes have not strongly supported upward price movements.

Short-Term vs Long-Term Technical Trend

The overall technical trend has shifted from sideways to mildly bearish as of early December 2025. This change reflects a subtle but notable shift in market sentiment, with short-term indicators signalling caution. However, the presence of bullish signals on monthly MACD and mildly bullish daily moving averages indicates that the longer-term outlook is not decisively negative.

Comparative Performance Against Sensex

Capri Global’s recent returns have lagged behind the broader market benchmark, the Sensex. Over the past week, the stock declined by 2.3%, compared to a modest 0.53% drop in the Sensex. The one-month performance shows a sharper contrast, with Capri Global falling 5.1% while the Sensex gained 2.16%. Year-to-date, the stock has barely moved, registering a marginal 0.13% increase, whereas the Sensex has advanced by 9.12%.

Over a one-year horizon, Capri Global’s return stands at -9.83%, significantly underperforming the Sensex’s 5.32% gain. Even over three years, the stock’s 5.09% return pales in comparison to the Sensex’s robust 35.62%. However, the longer-term five- and ten-year returns for Capri Global are impressive, at 170.87% and 2341.99% respectively, outperforming the Sensex’s 89.14% and 232.57% over the same periods. This highlights the company’s strong historical growth despite recent volatility.

Sector Context and Market Environment

As an NBFC, Capri Global operates in a sector sensitive to interest rate fluctuations, credit cycles, and regulatory changes. The current mildly bearish technical signals may reflect broader sectoral headwinds or company-specific concerns. Investors should consider these factors alongside technical data when evaluating the stock’s prospects.

Given the mixed technical signals and recent underperformance relative to the Sensex, a cautious stance is warranted in the short term. The mildly bearish weekly indicators suggest potential for further downside or consolidation before any sustained recovery.

Conclusion: A Mildly Bearish Technical Outlook

In summary, Capri Global’s technical profile as of early December 2025 is characterised by a shift to a mildly bearish trend on the weekly timeframe, supported by bearish Bollinger Bands, KST, and OBV indicators. The absence of strong RSI signals and the presence of bullish monthly MACD and daily moving averages suggest that the longer-term outlook remains cautiously optimistic but uncertain.

Investors should weigh these technical signals alongside fundamental factors and sector dynamics. The recent underperformance relative to the Sensex and the stock’s proximity to its 52-week low indicate that downside risks persist in the near term. However, the company’s strong long-term returns and historical resilience may offer opportunities for patient investors willing to navigate short-term volatility.

Overall, Capri Global currently exhibits a mildly bearish technical stance, signalling caution but not a definitive downtrend. Monitoring upcoming price action and volume trends will be crucial to confirm whether the stock can regain bullish momentum or if further weakness lies ahead.

Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →