Macpower CNC Machines Ltd Shows Mildly Bullish Technical Shift Amid Mixed Momentum

Technical Trend Overview and Price Movement

As of 10 Feb 2026, Macpower CNC Machines Ltd’s stock price closed at ₹847.50, marking a 1.21% increase from the previous close of ₹837.40. The intraday range saw a low of ₹829.00 and a high of ₹867.15, reflecting moderate volatility. Despite this uptick, the stock remains well below its 52-week high of ₹1,298.35, though comfortably above the 52-week low of ₹601.20.

The technical trend has shifted from a prolonged sideways movement to a mildly bullish trajectory, signalling a potential change in investor sentiment. This shift is particularly relevant given the stock’s recent underperformance relative to the broader market indices.

Momentum Indicators: MACD and RSI Analysis

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, MACD remains bearish, indicating that the short-term momentum is still under pressure. The monthly MACD, however, is mildly bearish, suggesting that while the longer-term trend is not yet fully positive, there are signs of stabilisation.

Conversely, the Relative Strength Index (RSI) offers a more encouraging signal. The weekly RSI currently shows no definitive signal, hovering in a neutral zone that neither indicates overbought nor oversold conditions. More importantly, the monthly RSI has turned bullish, implying that the stock’s longer-term momentum is gaining strength and may support further price appreciation if sustained.

Moving Averages and Other Technical Signals

Daily moving averages have turned mildly bullish, with short-term averages crossing above longer-term averages, a classic technical signal of upward momentum. This development aligns with the recent price gains and suggests that the stock could be entering a phase of gradual recovery.

Other indicators such as Bollinger Bands and the Know Sure Thing (KST) oscillator remain mildly bearish on both weekly and monthly timeframes, indicating that volatility and momentum have yet to fully confirm a robust uptrend. The Dow Theory analysis shows no clear trend on weekly or monthly charts, reflecting ongoing uncertainty in the broader market context.

On-Balance Volume (OBV) is mildly bullish on the monthly scale, signalling that buying volume is beginning to outpace selling pressure, a positive sign for the stock’s price sustainability.

Comparative Performance and Market Context

Macpower CNC Machines Ltd’s recent returns have lagged behind the benchmark Sensex index. Over the past week, the stock declined by 1.39% while Sensex gained 3.10%. The one-month return for the stock was a negative 11.76%, contrasting with a modest 0.72% gain for the Sensex. Year-to-date, the stock has fallen 17.73%, significantly underperforming the Sensex’s 1.00% decline.

Over longer horizons, the stock’s performance has been more impressive. The three-year return stands at 182.92%, substantially outperforming the Sensex’s 44.56%. The five-year return is even more striking at 800.16%, compared to the Sensex’s 71.20%. These figures highlight Macpower CNC’s strong growth potential over extended periods despite recent volatility.

Mojo Score and Rating Upgrade

MarketsMOJO has upgraded Macpower CNC Machines Ltd’s rating from Sell to Hold as of 2 Feb 2026, reflecting the evolving technical landscape and improving fundamentals. The current Mojo Score is 55.0, indicating a neutral stance with potential for upside. The Market Cap Grade is 4, suggesting moderate market capitalisation relative to peers in the industrial manufacturing sector.

This upgrade is consistent with the mildly bullish technical signals and the stock’s recent price momentum. Investors should note that while the outlook is improving, the stock remains exposed to sector-specific risks and broader market uncertainties.

Sector and Industry Considerations

Operating within the industrial manufacturing sector, Macpower CNC faces cyclical demand patterns influenced by macroeconomic factors such as infrastructure spending, capital goods investment, and global trade dynamics. The sector has experienced mixed performance recently, with some companies benefiting from increased automation and manufacturing upgrades, while others grapple with supply chain disruptions and raw material cost inflation.

Macpower CNC’s technical indicators suggest it is beginning to navigate these headwinds more effectively, with improving volume trends and momentum. However, investors should remain vigilant for any shifts in sector fundamentals that could impact the stock’s trajectory.

Investor Takeaway and Outlook

Macpower CNC Machines Ltd’s recent technical developments indicate a tentative shift towards a more positive momentum, supported by mildly bullish daily moving averages and a bullish monthly RSI. However, the persistence of bearish signals in MACD and Bollinger Bands on weekly and monthly timeframes suggests that the stock has not yet fully confirmed a sustained uptrend.

Investors should weigh these mixed signals carefully, considering the stock’s historical outperformance over multi-year periods against its recent underperformance and sector challenges. The upgrade to a Hold rating by MarketsMOJO reflects this balanced view, recommending a cautious approach while monitoring for further confirmation of bullish momentum.

Given the stock’s current price near ₹847.50 and its technical profile, short-term traders may find opportunities in momentum shifts, while long-term investors might consider accumulating on dips, provided sector fundamentals remain supportive.

Overall, Macpower CNC Machines Ltd appears poised for a mild recovery phase, but confirmation from volume and momentum indicators will be crucial to validate this trend and justify a more optimistic outlook.

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