Relaxo Footwears Faces Mixed Technical Trends Amidst Market Challenges

Relaxo Footwears, a small-cap player in the footwear industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 431.55, slightly down from its previous close of 432.90. Over the past year, Relaxo has faced significant challenges, with a return of -44.42%, contrasting sharply with the Sensex's gain of 3.65% during the same period.
The technical summary indicates a mixed performance across various indicators. The MACD shows a bearish trend on a weekly basis while being mildly bullish monthly. The Relative Strength Index (RSI) presents a bullish signal on a monthly scale, yet there is no signal on a weekly basis. Bollinger Bands and KST both reflect a bearish sentiment in the weekly context, while moving averages indicate a mildly bullish trend daily.

In terms of price movement, Relaxo Footwears has seen a 52-week high of 790.00 and a low of 375.35, with today's trading range between 427.05 and 439.65. The company's performance over different time frames highlights a stark contrast to the broader market, particularly over the last three and five years, where it has significantly lagged behind the Sensex. This evaluation adjustment underscores the ongoing challenges faced by Relaxo Footwears in a competitive market landscape.