Mirza International Ltd Faces Mixed Technical Signals Amid Sideways Momentum

Technical Trend Overview: From Mildly Bullish to Sideways

Mirza International’s technical trend has transitioned from mildly bullish to a sideways stance, signalling a pause in upward momentum. The daily moving averages remain mildly bullish, indicating some short-term support around the current price level of ₹36.57, slightly down from the previous close of ₹37.02. However, weekly and monthly indicators present a more nuanced picture, with several oscillators and trend-following tools diverging in their outlooks.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator reveals a split view: the weekly MACD is mildly bearish, suggesting waning momentum in the short term, while the monthly MACD remains mildly bullish, hinting at underlying longer-term strength. This divergence implies that while the stock may face near-term selling pressure, the broader trend could still hold some positive potential if supported by other factors.

RSI and Overbought/Oversold Conditions

The Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no clear signal, hovering in a neutral zone. This lack of extreme readings suggests that Mirza International is neither overbought nor oversold, reinforcing the sideways technical trend. Investors should watch for any RSI movement beyond the 70 or below 30 thresholds to anticipate potential breakout or breakdown scenarios.

Bollinger Bands and Volatility

Bollinger Bands on both weekly and monthly charts are bearish, indicating that the stock price is trending towards the lower band, which often signals increased volatility and potential downside risk. The bands’ contraction over recent weeks also points to reduced price volatility, consistent with the sideways movement observed in other indicators.

Other Technical Signals: KST, Dow Theory, and OBV

The Know Sure Thing (KST) oscillator aligns with the MACD’s mixed signals, showing a mildly bearish stance on the weekly chart but a mildly bullish outlook monthly. Dow Theory assessments are mildly bearish on both weekly and monthly scales, suggesting that the stock’s primary trend may be under pressure. Meanwhile, the On-Balance Volume (OBV) indicator presents a split view: weekly OBV is mildly bearish, reflecting recent selling volume, whereas monthly OBV remains bullish, indicating accumulation over a longer horizon.

Price Action and Key Levels

Mirza International’s current price of ₹36.57 is closer to its 52-week low of ₹26.25 than its high of ₹44.64, underscoring the stock’s recent struggles. Today’s trading range between ₹36.21 and ₹37.00 reflects limited intraday volatility. The stock’s day change of -1.22% further emphasises the cautious sentiment prevailing among traders.

Comparative Performance: Stock vs Sensex

Mirza International’s returns have lagged behind the benchmark Sensex across most recent periods. Over the past week, the stock declined by 4.69%, significantly underperforming the Sensex’s modest 0.99% drop. The one-month return shows a similar pattern, with the stock down 5.14% against the Sensex’s 1.20% decline. Year-to-date and one-year returns remain negative for Mirza International at -3.76% and -3.91% respectively, while the Sensex posted gains of 8.36% and 8.21% over the same periods.

Longer-term performance tells a different story. Over three years, Mirza International has delivered a 12.70% return, trailing the Sensex’s 39.17%. However, the stock’s five-year return of 413.55% vastly outpaces the Sensex’s 77.34%, highlighting a period of exceptional growth in the past. The ten-year return of 110.69% remains below the Sensex’s 226.18%, indicating that the stock’s recent momentum has been weaker compared to the broader market.

Mojo Score and Rating Update

MarketsMOJO has downgraded Mirza International Ltd’s Mojo Grade from Sell to Strong Sell as of 30 Dec 2025, reflecting deteriorating technical and fundamental conditions. The current Mojo Score stands at 27.0, signalling significant caution for investors. The Market Cap Grade is 4, indicating a micro-cap status with associated liquidity and volatility risks. This downgrade aligns with the mixed technical signals and recent price weakness, suggesting that investors should exercise prudence.

Sector and Industry Context

Operating within the diversified consumer products sector, Mirza International faces competitive pressures and evolving consumer trends. The sector itself has shown resilience but also volatility amid changing economic conditions. The stock’s sideways technical trend and bearish weekly indicators may reflect broader sector challenges, including fluctuating demand and input cost pressures.

Investor Takeaway and Outlook

Mirza International Ltd’s current technical landscape is characterised by a cautious equilibrium between bullish and bearish forces. The mildly bullish daily moving averages offer some short-term support, but the weekly and monthly bearish signals, particularly from Bollinger Bands and Dow Theory, caution against aggressive positioning. The absence of clear RSI signals further emphasises the stock’s consolidation phase.

Investors should monitor key technical levels closely. A sustained move above the recent high of ₹37.00 could signal renewed momentum, while a break below the ₹36.21 intraday low may open the door to further declines towards the 52-week low of ₹26.25. Given the Strong Sell rating and subdued Mojo Score, risk-averse investors may prefer to await clearer directional cues before committing capital.

Longer-term investors might consider the stock’s historical outperformance over five years as a reminder of its potential, but must weigh this against recent underperformance and sector headwinds. The mixed technical signals suggest that Mirza International is at a critical juncture, where market sentiment and broader economic factors will likely dictate its next phase.

Summary of Technical Indicators:

• MACD: Weekly mildly bearish, Monthly mildly bullish


• RSI: Neutral on weekly and monthly charts


• Bollinger Bands: Bearish on weekly and monthly


• Moving Averages: Daily mildly bullish


• KST: Weekly mildly bearish, Monthly mildly bullish


• Dow Theory: Mildly bearish on weekly and monthly


• OBV: Weekly mildly bearish, Monthly bullish

Overall, the technical parameters suggest a stock in transition, with momentum shifting from a mild bullish bias to a more neutral or sideways stance. This environment calls for careful analysis and selective engagement by investors.

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