Prevest Denpro Ltd Faces Bearish Momentum Amid Technical Downturn

Technical Trend Shift and Price Movement

Prevest Denpro’s current market price stands at ₹485.05, down 4.89% from the previous close of ₹510.00. The stock’s intraday range on 9 Jan 2026 fluctuated between ₹424.50 and ₹498.00, indicating heightened volatility. This price action comes against a backdrop of a 52-week high of ₹686.00 and a low of ₹393.60, positioning the stock closer to its lower band and signalling potential downside risk.

The technical trend has shifted from mildly bearish to outright bearish, a development that aligns with the recent downgrade in the company’s Mojo Grade from Hold to Sell. This change reflects a deterioration in momentum and a weakening outlook for the stock in the near term.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a mixed but predominantly negative picture. On a weekly basis, the MACD is firmly bearish, suggesting that downward momentum is gaining traction. The monthly MACD remains mildly bearish, indicating that while the longer-term trend is still negative, it is less severe than the short-term outlook.

This divergence between weekly and monthly MACD readings often signals that the stock may face continued pressure in the short term, with potential for some consolidation or slower decline over the longer horizon.

RSI and Overbought/Oversold Conditions

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, leaving room for further directional movement based on other technical factors and market sentiment.

Moving Averages and Bollinger Bands

Daily moving averages are mildly bearish, with the stock price trading below key short-term averages, signalling a lack of upward momentum. Bollinger Bands reinforce this view: weekly bands are mildly bearish, while monthly bands have turned bearish, indicating increased volatility and a downward bias in price action.

The contraction and expansion of Bollinger Bands in recent weeks suggest that the stock may be entering a phase of heightened price swings, which could exacerbate short-term losses if selling pressure persists.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator aligns with the bearish narrative, showing a weekly bearish signal and a mildly bearish monthly trend. This momentum oscillator confirms the weakening price action and suggests that downward pressure may continue in the medium term.

Dow Theory analysis reveals no clear trend on the weekly chart, while the monthly chart shows a mildly bearish stance. This lack of a definitive trend on shorter timeframes adds to the uncertainty, but the monthly bearishness supports the overall negative outlook.

On-Balance Volume (OBV) data is inconclusive for both weekly and monthly periods, providing no strong confirmation of accumulation or distribution. This absence of volume confirmation may indicate that the current price decline is not yet accompanied by significant selling volume, leaving room for potential volatility.

Comparative Performance and Market Context

Prevest Denpro’s recent returns contrast sharply with broader market benchmarks. Over the past week and month, the stock has outperformed the Sensex, delivering returns of 3.4% and 8.03% respectively, compared to the Sensex’s declines of 1.18% and 1.08%. However, year-to-date performance shows a slight negative return of -1.31%, closely mirroring the Sensex’s -1.22%.

Longer-term returns paint a more challenging picture. Over the past year, Prevest Denpro has declined by 24.8%, significantly underperforming the Sensex’s 7.72% gain. Over three years, the stock has returned 36.98%, slightly lagging the Sensex’s 40.53%. This underperformance highlights the stock’s struggles amid sectoral and company-specific challenges.

Mojo Score and Grade Implications

The company’s Mojo Score currently stands at 30.0, reflecting a Sell rating, downgraded from Hold on 6 Nov 2025. This downgrade signals a deterioration in the company’s fundamental and technical outlook, cautioning investors about potential downside risks. The Market Cap Grade is 4, indicating a smaller market capitalisation relative to peers, which may contribute to higher volatility and liquidity concerns.

Investor Takeaway and Outlook

Prevest Denpro Ltd’s technical indicators collectively point to a bearish momentum shift, with multiple signals confirming weakening price action. The downgrade in Mojo Grade to Sell reinforces the cautious stance investors should adopt. While short-term price movements have shown some resilience relative to the Sensex, the longer-term underperformance and deteriorating technicals suggest that downside risks remain significant.

Investors should closely monitor key support levels near the 52-week low of ₹393.60 and watch for any reversal signals in momentum indicators such as MACD and RSI. The absence of strong volume confirmation on OBV adds uncertainty, making it prudent to await clearer directional cues before committing to fresh positions.

Given the current technical landscape, risk-averse investors may prefer to explore higher-rated alternatives within the Healthcare Services sector or broader market, as identified by screening tools and comparative analyses.

Summary of Key Technical Metrics:

• Current Price: ₹485.05 (down 4.89%)


• MACD: Weekly Bearish, Monthly Mildly Bearish


• RSI: Neutral (No Signal) on Weekly and Monthly


• Bollinger Bands: Weekly Mildly Bearish, Monthly Bearish


• Moving Averages: Daily Mildly Bearish


• KST: Weekly Bearish, Monthly Mildly Bearish


• Dow Theory: Weekly No Trend, Monthly Mildly Bearish


• Mojo Score: 30.0 (Sell), downgraded from Hold on 6 Nov 2025

Investors should weigh these technical signals alongside fundamental factors and broader market conditions before making investment decisions.

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