Niyogin Fintech Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Shift and Price Movement

The stock closed at ₹47.89 on 13 February 2026, down from the previous close of ₹51.38, marking a sharp intraday decline. The day’s trading range was between ₹47.02 and ₹51.83, with the current price hovering closer to the 52-week low of ₹39.83 than the high of ₹82.40. This price action underscores the weakening momentum that has been building over recent months.

Technically, the trend has shifted from mildly bearish to outright bearish, with daily moving averages confirming downward pressure. The 50-day and 200-day moving averages are both trending lower, signalling sustained selling interest. This is compounded by the Moving Average Convergence Divergence (MACD) indicator, which remains bearish on both weekly and monthly charts, indicating that the stock’s momentum is firmly negative over medium and longer-term horizons.

MACD and RSI Analysis

The MACD’s bearish stance is a critical signal for traders and investors alike. On the weekly chart, the MACD line is below the signal line, confirming downward momentum. Similarly, the monthly MACD remains bearish, suggesting that the stock is unlikely to see a sustained rally in the near term without a significant catalyst.

Relative Strength Index (RSI) readings, however, are neutral on both weekly and monthly timeframes, showing no clear overbought or oversold conditions. This lack of RSI signal implies that while the stock is under pressure, it has not yet reached an extreme level that might prompt a technical rebound. The RSI hovering around the mid-40s to 50s range suggests a consolidation phase amid the broader downtrend.

Bollinger Bands and KST Indicators

Bollinger Bands on weekly and monthly charts are mildly bearish, with the price frequently touching or breaching the lower band. This pattern indicates increased volatility and a tendency for the stock to trade near its lower volatility boundary, reinforcing the bearish outlook.

Interestingly, the Know Sure Thing (KST) indicator presents a mixed picture. While the weekly KST remains bearish, the monthly KST shows a mildly bullish signal. This divergence suggests that although short-term momentum is weak, there may be some underlying strength or potential for a longer-term recovery if market conditions improve.

Moving Averages and Dow Theory Signals

Daily moving averages remain bearish, with the 50-day average below the 200-day average, a classic death cross pattern that often precedes further declines. This technical configuration is a warning sign for investors, indicating that the stock’s downward momentum may persist.

Dow Theory assessments provide a nuanced view. The weekly Dow Theory signal is mildly bullish, suggesting some short-term optimism or potential for a corrective bounce. However, the monthly Dow Theory shows no clear trend, reflecting uncertainty in the longer-term directional bias. This mixed signal aligns with the KST indicator’s divergence and highlights the complexity of the current technical landscape.

Volume and On-Balance Volume (OBV) Insights

Volume data for Niyogin Fintech is inconclusive, with no significant spikes or drops to confirm strong buying or selling pressure. The On-Balance Volume (OBV) indicator is not providing clear signals on weekly or monthly charts, which suggests that volume trends are not yet confirming the price action decisively. This lack of volume confirmation adds to the cautious outlook for the stock.

Comparative Returns and Market Context

When compared to the broader market, Niyogin Fintech’s returns have been mixed. Over the past week, the stock outperformed the Sensex with a 3.70% gain versus the index’s 0.43%. Similarly, the one-month return of 2.20% surpassed the Sensex’s slight decline of 0.24%. However, year-to-date and one-year returns tell a different story, with the stock down 9.35% and 4.92% respectively, while the Sensex gained 1.81% and 9.85% over the same periods.

Longer-term performance shows a more positive trend, with a three-year return of 50.83% outpacing the Sensex’s 37.89%. Yet, over five years, the stock has underperformed significantly, declining 35.93% compared to the Sensex’s robust 62.34% gain. Over a decade, however, Niyogin Fintech has delivered an extraordinary 1,517.91% return, dwarfing the Sensex’s 264.02% rise, reflecting its earlier growth phase and potential for long-term value creation despite recent setbacks.

MarketsMOJO Grade and Investment Implications

MarketsMOJO has downgraded Niyogin Fintech’s Mojo Grade from Sell to Strong Sell as of 8 December 2025, reflecting the deteriorating technical and fundamental outlook. The company’s Mojo Score stands at 7.0, signalling significant caution for investors. The Market Cap Grade is 4, indicating a relatively modest market capitalisation that may contribute to higher volatility and liquidity risks.

Given the bearish technical indicators, including the MACD, moving averages, and Bollinger Bands, alongside the weak price momentum and recent sharp declines, investors should approach Niyogin Fintech with caution. The mixed signals from KST and Dow Theory suggest that while a short-term bounce is possible, the overall trend remains negative.

Investors may consider waiting for clearer signs of technical recovery or fundamental improvements before increasing exposure. Those currently holding the stock should monitor key support levels near ₹40 and watch for any reversal in volume and momentum indicators that could signal a change in trend.

Outlook and Conclusion

Niyogin Fintech Ltd’s recent technical parameter changes highlight a shift towards bearish momentum, with multiple indicators confirming downward pressure. The downgrade to Strong Sell by MarketsMOJO underscores the risks associated with the stock in the current environment. While the company has demonstrated strong long-term returns historically, near-term challenges in price momentum and technical trends warrant a cautious stance.

Investors should closely monitor the stock’s technical signals, particularly the MACD and moving averages, for any signs of stabilisation. Until then, the prevailing bearish trend suggests limited upside potential and increased downside risk.

Unlock special upgrade rates for a limited period. Start Saving Now →