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 428.00, slightly down from the previous close of 431.55. Over the past year, Relaxo has faced significant challenges, with a stock return of -44.82%, contrasting sharply with the Sensex's return of 5.09% 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 the monthly perspective leans mildly bullish. The Relative Strength Index (RSI) presents no signal weekly but indicates bullish momentum monthly. However, Bollinger Bands and KST both reflect bearish trends, suggesting volatility and potential downward pressure.

In terms of price movement, Relaxo Footwears has seen a 52-week high of 761.20 and a low of 375.35, highlighting the stock's volatility. The recent performance over different time frames shows a notable decline, particularly in the year-to-date and three-year returns, where the stock has underperformed compared to the Sensex. This context underscores the challenges faced by Relaxo Footwears in a competitive market landscape.