Price Movement and Market Context
The stock closed at ₹1,665.00 on 1 Feb 2026, down 1.28% from the previous close of ₹1,686.55. Intraday volatility saw a high of ₹1,692.20 and a low of ₹1,658.20, indicating a relatively narrow trading range. The 52-week high stands at ₹1,965.00, while the 52-week low is ₹1,403.00, positioning the current price closer to the upper half of its annual range but showing signs of recent weakness.
Comparatively, Phoenix Mills has underperformed the Sensex over the short term. The stock posted a 1-week return of -3.56% against the Sensex’s 0.90%, and a 1-month return of -10.09% versus the Sensex’s -2.84%. Year-to-date, the stock is down 10.18%, significantly lagging the Sensex’s -3.46%. However, over longer horizons, Phoenix Mills has outpaced the benchmark substantially, with a 3-year return of 143.46% compared to Sensex’s 38.27%, and a remarkable 10-year return of 1,027.48% versus 230.79% for the Sensex, underscoring its strong historical performance despite recent headwinds.
Technical Indicator Analysis
The technical landscape for Phoenix Mills is nuanced. The Moving Average Convergence Divergence (MACD) indicator is mildly bearish on both weekly and monthly charts, suggesting that momentum is weakening. The weekly MACD histogram has shown a slight decline, indicating diminishing bullish momentum, while the monthly MACD line remains below its signal line, reinforcing a cautious outlook.
The Relative Strength Index (RSI) on weekly and monthly timeframes currently offers no clear signal, hovering near neutral levels around 50. This lack of directional RSI momentum suggests the stock is neither overbought nor oversold, consistent with the sideways trend observed.
Bollinger Bands on the weekly chart have turned bearish, with the price testing the lower band, signalling increased volatility and potential downside risk. Conversely, the monthly Bollinger Bands indicate a sideways pattern, reflecting consolidation over a longer period.
Moving Averages and Trend Dynamics
Daily moving averages present a mildly bullish stance, with the stock price trading slightly above its 50-day and 200-day moving averages. This suggests some underlying support in the short term, although the momentum is not strong enough to confirm a sustained uptrend. The weekly and monthly KST (Know Sure Thing) indicators are mildly bearish, aligning with the MACD signals and reinforcing the notion of weakening momentum.
Dow Theory assessments are mixed: the weekly trend is mildly bearish, reflecting short-term caution, while the monthly trend remains mildly bullish, indicating that the longer-term uptrend is intact but under pressure. On balance, these signals suggest a stock in transition, with investors advised to monitor for confirmation of either a reversal or continuation of the sideways trend.
Volume and On-Balance Volume (OBV) Insights
Volume analysis via the On-Balance Volume (OBV) indicator shows a divergence between weekly and monthly trends. The weekly OBV is mildly bearish, indicating that recent price declines have been accompanied by higher selling volume. However, the monthly OBV remains bullish, suggesting that accumulation may be occurring over the longer term despite short-term selling pressure. This divergence highlights the importance of considering multiple timeframes when analysing momentum and volume trends.
Built for the long haul! Consecutive quarters of strong growth landed this Small Cap from Chemicals on our Reliable Performers list. Sustainable gains are clearly ahead!
- - Long-term growth stock
- - Multi-quarter performance
- - Sustainable gains ahead
Mojo Score and Market Capitalisation Assessment
Phoenix Mills currently holds a Mojo Score of 48.0, reflecting a Sell rating, downgraded from a previous Hold on 30 Jan 2026. This downgrade signals a deterioration in the stock’s technical and fundamental outlook as assessed by MarketsMOJO’s proprietary scoring system. The company’s Market Cap Grade is 2, indicating a mid-cap status with moderate liquidity and market presence.
The downgrade aligns with the observed technical signals, particularly the shift from mildly bullish to sideways trends and the bearish cues from MACD and Bollinger Bands. Investors should weigh these factors carefully against the company’s historical outperformance and sector dynamics before making allocation decisions.
Sector and Industry Context
Operating within the Realty sector, Phoenix Mills faces sector-specific challenges including regulatory changes, interest rate fluctuations, and demand-supply imbalances. The recent technical signals may partly reflect broader market uncertainties impacting real estate stocks. While the sector has shown resilience over the long term, short-term volatility remains a concern, as evidenced by the stock’s recent underperformance relative to the Sensex.
Outlook and Investor Considerations
Given the mixed technical signals, investors should adopt a cautious stance. The mildly bearish weekly MACD and KST indicators, combined with the sideways monthly Bollinger Bands and neutral RSI, suggest a period of consolidation or potential correction. However, the mildly bullish daily moving averages and bullish monthly OBV hint at underlying support that could stabilise the stock if positive catalysts emerge.
Long-term investors may find comfort in Phoenix Mills’ strong multi-year returns and historical outperformance relative to the Sensex. Short-term traders, however, should monitor key technical levels closely, particularly the support near ₹1,650 and resistance around ₹1,700, to gauge momentum shifts and potential breakout or breakdown scenarios.
Considering Phoenix Mills Ltd.? Wait! SwitchER has found potentially better options in Realty and beyond. Compare this mid-cap with top-rated alternatives now!
- - Better options discovered
- - Realty + beyond scope
- - Top-rated alternatives ready
Summary
Phoenix Mills Ltd. is currently navigating a complex technical environment characterised by a shift from mild bullishness to sideways momentum. Key indicators such as MACD and KST on weekly and monthly charts have turned mildly bearish, while RSI remains neutral, and moving averages suggest tentative short-term support. Volume trends show divergence, with short-term selling pressure contrasting longer-term accumulation.
The stock’s recent underperformance relative to the Sensex and the downgrade in Mojo Grade to Sell reflect these technical challenges. Nonetheless, Phoenix Mills’ impressive long-term returns and sector positioning provide a foundation for potential recovery if market conditions improve. Investors should remain vigilant, balancing technical signals with fundamental analysis and sector outlook before committing capital.
Technical Metrics at a Glance:
- Current Price: ₹1,665.00
- Day Change: -1.28%
- 52-Week Range: ₹1,403.00 - ₹1,965.00
- MACD: Weekly & Monthly - Mildly Bearish
- RSI: Weekly & Monthly - Neutral
- Bollinger Bands: Weekly - Bearish; Monthly - Sideways
- Moving Averages (Daily): Mildly Bullish
- KST: Weekly & Monthly - Mildly Bearish
- Dow Theory: Weekly - Mildly Bearish; Monthly - Mildly Bullish
- OBV: Weekly - Mildly Bearish; Monthly - Bullish
- Mojo Score: 48.0 (Sell), downgraded from Hold on 30 Jan 2026
Investors should continue to monitor Phoenix Mills’ technical developments closely, particularly any shifts in momentum indicators and volume patterns, to better time entries and exits in this evolving market environment.
Unlock special upgrade rates for a limited period. Start Saving Now →
