Current Market Performance and Price Action
As of 2 January 2026, Macpower CNC Machines Ltd closed at ₹1,022.90, down 0.71% from the previous close of ₹1,030.20. The stock traded within a range of ₹1,015.10 to ₹1,045.80 during the day, remaining well below its 52-week high of ₹1,537.35 but comfortably above its 52-week low of ₹601.20. This price action reflects a consolidation phase following a significant correction over the past year, where the stock has declined by 32.06%, contrasting with the Sensex’s 10.12% gain over the same period.
Technical Indicator Analysis: Mixed Signals Across Timeframes
The technical landscape for Macpower CNC is characterised by a divergence in signals across weekly and monthly timeframes, underscoring the importance of a multi-horizon approach for investors.
On the weekly chart, the Moving Average Convergence Divergence (MACD) remains bullish, indicating positive momentum in the short term. This is complemented by a mildly bullish stance from Bollinger Bands and the Know Sure Thing (KST) indicator, suggesting moderate upward price pressure. The On-Balance Volume (OBV) also supports this view with a mildly bullish trend, implying accumulation by market participants.
Conversely, the monthly MACD has turned mildly bearish, signalling a potential weakening of momentum over the longer term. Similarly, the Bollinger Bands on the monthly scale are bearish, and the KST indicator aligns with this negative outlook. However, the monthly Relative Strength Index (RSI) remains bullish, indicating that the stock is not yet oversold and retains some underlying strength. The Dow Theory assessment shows a mildly bullish weekly trend but no clear trend on the monthly timeframe, reflecting uncertainty in the broader directional bias.
Daily Moving Averages and Momentum
On a daily basis, moving averages continue to support a bullish outlook. The stock price remains above key short-term moving averages, which often act as dynamic support levels. This suggests that despite recent volatility, the stock retains upward momentum in the near term. The absence of a weekly RSI signal indicates a neutral stance, neither overbought nor oversold, which may imply a period of sideways movement or consolidation before a decisive trend emerges.
Long-Term Returns and Relative Performance
Examining Macpower CNC’s returns over extended periods reveals a compelling growth story despite recent setbacks. Over five years, the stock has delivered a remarkable 796.49% return, significantly outperforming the Sensex’s 86.51% gain. Over three years, the stock’s return of 203.44% also dwarfs the Sensex’s 44.41%. These figures highlight the company’s strong historical performance and potential for long-term value creation, even as short-term technical indicators signal caution.
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Mojo Score Upgrade and Market Capitalisation Context
Reflecting the evolving technical and fundamental outlook, Macpower CNC’s Mojo Grade was upgraded from Sell to Hold on 9 December 2025, with a current Mojo Score of 52.0. This score places the stock in a neutral zone, suggesting that while the company is no longer a sell candidate, it has yet to demonstrate the strength required for a buy recommendation. The market capitalisation grade stands at 4, indicating a mid-tier valuation relative to peers in the industrial manufacturing sector.
Sector and Industry Considerations
Operating within the industrial manufacturing sector, Macpower CNC faces cyclical headwinds and competitive pressures that influence its technical and fundamental performance. The sector’s sensitivity to economic cycles means that technical indicators often reflect broader macroeconomic trends. The mildly bullish weekly technical trend suggests that the company may be poised to benefit from a sectoral recovery, but the mixed monthly signals counsel prudence.
Investor Implications and Strategic Outlook
For investors, the current technical profile of Macpower CNC Machines Ltd suggests a cautious approach. The bullish daily moving averages and weekly MACD provide short-term entry points, but the mildly bearish monthly indicators warn of potential volatility ahead. The stock’s strong long-term returns and recent Mojo Grade upgrade support a watchful stance, with opportunities likely to emerge as the company navigates its turnaround and market conditions improve.
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Conclusion: Navigating a Transitional Phase
Macpower CNC Machines Ltd is currently in a transitional phase where technical momentum is shifting but remains mixed across different timeframes. The weekly bullish signals offer hope for a near-term recovery, while monthly bearish indicators highlight the need for vigilance. Investors should balance the company’s impressive long-term returns and recent fundamental improvements against the technical caution flags. Monitoring key technical levels and sector developments will be crucial in determining the stock’s trajectory in the coming months.
Summary of Technical Indicators:
- MACD: Weekly bullish, Monthly mildly bearish
- RSI: Weekly neutral, Monthly bullish
- Bollinger Bands: Weekly mildly bullish, Monthly bearish
- Moving Averages: Daily bullish
- KST: Weekly bullish, Monthly mildly bearish
- Dow Theory: Weekly mildly bullish, Monthly no trend
- OBV: Weekly mildly bullish, Monthly no trend
Given these mixed signals, a Hold rating remains appropriate, reflecting the stock’s potential tempered by near-term uncertainties.
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