The stock closed at ₹298.00, down 2.60% from the previous close of ₹305.95, with intraday prices ranging between ₹290.05 and ₹308.95. Over the past week, Liberty Shoes recorded a return of -3.31%, contrasting with the Sensex’s positive 0.96% return. This negative divergence extends over longer periods, with the stock showing a year-to-date return of -38.03% against the Sensex’s 8.36%, and a one-year return of -35.88% compared to the Sensex’s 9.48%. Even over three years, Liberty Shoes’ return of -12.81% contrasts with the Sensex’s 37.31%, though the five-year return of 102.72% surpasses the Sensex’s 91.65%, highlighting mixed performance across timeframes.
Our current Stock of the Month is out! This Large Cap from Automobiles - Passenger Cars emerged as the single best opportunity from our elite universe. Get the details now!
- Current monthly selection
- Single best opportunity
- Elite universe pick
Examining technical indicators, the Moving Average Convergence Divergence (MACD) presents a bearish signal on the weekly chart and a mildly bearish stance on the monthly chart. The Relative Strength Index (RSI) currently shows no definitive signal on both weekly and monthly timeframes, suggesting a neutral momentum in the short and medium term. Bollinger Bands indicate bearish trends on both weekly and monthly scales, reinforcing the downward pressure on price movement.
Daily moving averages align with a bearish outlook, while the Know Sure Thing (KST) oscillator offers a mildly bullish signal weekly but mildly bearish monthly, indicating some short-term momentum contrasts with longer-term trends. Dow Theory assessments reflect mildly bearish conditions on both weekly and monthly charts. The On-Balance Volume (OBV) indicator shows a mildly bearish weekly signal but a bullish monthly signal, suggesting volume trends may be diverging from price action in the longer term.
Liberty Shoes or something better? Our SwitchER feature analyzes this micro-cap Footwear stock and recommends superior alternatives based on fundamentals, momentum, and value!
- SwitchER analysis complete
- Superior alternatives found
- Multi-parameter evaluation
From a market capitalisation perspective, Liberty Shoes holds a grade of 4, reflecting its relative size within the Footwear industry. The stock’s 52-week high stands at ₹563.00, while the 52-week low is ₹276.85, indicating a wide trading range over the past year. The recent downward price movement and technical parameter changes suggest a cautious stance may be warranted as the stock navigates these mixed signals.
Investors analysing Liberty Shoes should consider the interplay of these technical indicators alongside broader market trends and sector performance. The divergence between short-term and long-term signals, particularly in volume and momentum oscillators, highlights the complexity of the current market environment for this Footwear sector stock.
Overall, Liberty Shoes is undergoing a revision in its technical evaluation, with momentum indicators signalling a shift that may influence trading decisions. Monitoring these parameters closely will be essential for market participants seeking to understand the stock’s near-term trajectory within the context of the broader market and sector dynamics.
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 →
