Permanent Magnets Technical Momentum Shifts Amid Mixed Indicator Signals

The weekly Moving Average Convergence Divergence (MACD) remains bearish, while the monthly MACD shows a mildly bullish stance, indicating a divergence in momentum across timeframes. The Relative Strength Index (RSI) for both weekly and monthly periods currently shows no clear signal, suggesting a neutral momentum without strong overbought or oversold conditions. Bollinger Bands present a mildly bearish outlook on the weekly chart and a bearish stance monthly, highlighting potential volatility and pressure on price levels.

Daily moving averages for Permanent Magnets indicate a mildly bullish trend, suggesting short-term upward momentum. The Know Sure Thing (KST) indicator shows a mildly bearish signal weekly but mildly bullish monthly, reinforcing the mixed signals across different timeframes. Dow Theory evaluations remain mildly bearish on both weekly and monthly charts, reflecting cautious sentiment among market participants. On-Balance Volume (OBV) data is currently unavailable, limiting volume-based momentum analysis.

From a price perspective, Permanent Magnets has traded within a range of ₹805.00 to ₹839.80 on the day, with a 52-week high of ₹1,229.90 and a low of ₹600.00. This range highlights the stock’s volatility and the potential for price fluctuations amid the current sideways technical trend.

Examining returns relative to the Sensex reveals that Permanent Magnets has underperformed over recent short-term periods. The stock recorded a 1-week return of -8.63% and a 1-month return of -16.85%, contrasting with Sensex gains of 0.96% and 0.86% respectively. Year-to-date and 1-year returns also show negative figures for the stock at -15.11% and -8.58%, while the Sensex posted positive returns of 8.36% and 9.48% over the same periods.

However, over longer horizons, Permanent Magnets has demonstrated significant cumulative returns. The 3-year return stands at 15.45%, compared to the Sensex’s 37.31%. More notably, the 5-year and 10-year returns for Permanent Magnets are 445.94% and 5,294.74% respectively, substantially exceeding the Sensex’s 91.65% and 232.28% over these periods. This long-term performance underscores the stock’s historical growth potential despite recent technical adjustments.

Permanent Magnets holds a market capitalisation grade of 4, reflecting its standing within the Other Electrical Equipment sector. The recent adjustment in its mojo score to 27.0, with a grade change dated 17 Nov 2025, indicates a revision in its technical evaluation, triggered by the technical_dot event on 19 Nov 2025. This change signals a shift in momentum that investors should consider alongside broader market conditions and sectoral trends.

In summary, Permanent Magnets is currently navigating a phase of technical consolidation with mixed signals from key indicators such as MACD, RSI, Bollinger Bands, and moving averages. While short-term momentum appears uncertain, the stock’s long-term returns remain noteworthy. Investors analysing Permanent Magnets should weigh these technical parameters carefully in the context of its sector and overall market environment.

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