Understanding the Current Technical Trend
As of 02 Dec 2025, Macpower CNC’s technical trend has transitioned from mildly bearish to sideways. This change indicates a pause in downward momentum, with the stock neither strongly trending upwards nor downwards. Sideways trends often reflect market indecision or consolidation phases, where investors await clearer directional cues.
The sideways trend suggests that while the stock has halted its recent decline, it has yet to establish a definitive bullish trajectory. This neutral stance requires investors to closely monitor upcoming technical signals and price action for confirmation of a sustained move.
Weekly vs Monthly Technical Indicators
Examining the Moving Average Convergence Divergence (MACD), a popular momentum indicator, reveals a divergence between weekly and monthly timeframes. The weekly MACD is mildly bullish, signalling short-term upward momentum. Conversely, the monthly MACD remains mildly bearish, indicating that longer-term momentum is still under pressure.
The Relative Strength Index (RSI) further complicates the picture. On a weekly basis, the RSI offers no clear signal, suggesting a lack of strong momentum either way in the short term. However, the monthly RSI is bullish, implying that over a longer horizon, the stock may be gaining strength.
Bollinger Bands, which measure volatility and potential price extremes, show a bullish stance weekly but mildly bearish monthly. This suggests that while recent price movements have been positive and possibly expanding, the broader monthly trend still faces resistance or downward pressure.
Moving Averages and Other Momentum Indicators
Daily moving averages for Macpower CNC are mildly bearish, indicating that in the very short term, the stock price is below key average levels, which can act as resistance. This contrasts with weekly and monthly momentum indicators such as the Know Sure Thing (KST) and Dow Theory signals, which are mildly bullish on a weekly basis but mildly bearish monthly. The Dow Theory’s mildly bullish readings on both weekly and monthly charts provide some optimism, suggesting that the stock may be forming a base for a potential uptrend.
On-Balance Volume (OBV), a volume-based indicator that helps confirm price trends, is mildly bullish on both weekly and monthly charts. This indicates that buying volume is slightly outweighing selling volume, a positive sign for potential upward price movement.
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Price Action and Volatility
Macpower CNC’s current price stands at ₹1,005.15, slightly above the previous close of ₹996.75, reflecting a modest intraday gain. The stock’s 52-week high is ₹1,610.95, while the 52-week low is ₹601.20, indicating a wide trading range over the past year. Today’s trading range between ₹980.00 and ₹1,034.80 shows moderate volatility, with the price testing the upper end of the intraday band.
This price behaviour aligns with the sideways technical trend, where the stock oscillates within a range without a clear breakout. Investors should watch for a decisive move beyond recent highs or lows to confirm a new trend direction.
Comparative Returns and Long-Term Performance
When analysing Macpower CNC’s returns relative to the broader Sensex index, the stock exhibits a mixed performance. Over the past week and month, Macpower CNC has outperformed the Sensex significantly, with returns of 5.4% and 19.4% respectively, compared to the Sensex’s 0.6% and 1.2%. This short-term outperformance supports the mildly bullish weekly technical signals.
However, year-to-date and one-year returns tell a different story. The stock has declined by 33.2% YTD and 28.5% over the last year, while the Sensex has gained 10.1% and 7.2% respectively. This underperformance over longer periods aligns with the mildly bearish monthly technical indicators, suggesting that the stock has faced significant headwinds in recent months.
On a longer horizon, Macpower CNC has delivered exceptional returns, with a 3-year gain of 187.6% and a remarkable 5-year return of 1,457.2%, far outpacing the Sensex’s 39.2% and 98.5% gains over the same periods. This long-term outperformance highlights the company’s strong growth potential and resilience despite recent volatility.
Technical Outlook: Bullish or Bearish?
Overall, Macpower CNC’s technical indicators present a mixed but cautiously optimistic picture. The shift from mildly bearish to sideways trend suggests that the stock is stabilising after a period of weakness. Weekly momentum indicators lean towards mild bullishness, supported by positive volume trends and Dow Theory signals. However, monthly indicators remain mildly bearish, reflecting ongoing challenges and the need for confirmation of a sustained uptrend.
Investors should consider the stock’s current consolidation phase as a potential base-building period. A breakout above recent resistance levels, supported by increased volume and positive momentum, could signal a return to a bullish trend. Conversely, failure to hold support levels may resume the bearish pressure seen over the past year.
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Investor Considerations and Strategy
Given the current technical landscape, investors should adopt a measured approach towards Macpower CNC. Short-term traders may find opportunities in the mild weekly bullish signals and recent price gains, but should remain vigilant for signs of reversal or increased volatility.
Long-term investors might view the sideways trend as a consolidation phase within a broader uptrend, especially considering the company’s impressive multi-year returns. However, the negative year-to-date and one-year performance caution against assuming an immediate recovery without further confirmation.
Risk management remains crucial, with stop-loss levels set near recent lows to protect against downside risk. Monitoring volume trends, moving averages, and momentum oscillators will be key to identifying a clear breakout or breakdown.
Conclusion
Macpower CNC’s technical profile is currently balanced between mild bullishness and bearishness, with a sideways trend indicating market indecision. Weekly indicators suggest some positive momentum, while monthly signals urge caution due to lingering bearish pressures. The stock’s recent price action and volume trends support a potential base formation, but confirmation through sustained price strength is necessary before declaring a definitive bullish outlook.
Investors should closely watch for a breakout above resistance or a breakdown below support to guide their trading decisions. Until then, the technical stance remains neutral to mildly bullish in the short term, with longer-term caution warranted.
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