Relaxo Footwears Experiences Technical Trend Shifts Amid Market Volatility

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 483.00, showing a notable increase from the previous close of 470.45. Over the past year, Relaxo has experienced significant volatility, with a 52-week high of 848.95 and a low of 375.35.
In terms of technical indicators, the weekly MACD suggests a mildly bullish sentiment, while the monthly perspective leans bearish. The Relative Strength Index (RSI) shows no signal on a weekly basis but indicates bullish momentum monthly. Bollinger Bands reflect a bullish trend weekly, contrasting with a mildly bearish outlook monthly. Moving averages present a mildly bearish stance daily, while the KST indicates bullishness weekly but bearishness monthly. The On-Balance Volume (OBV) remains bullish for both weekly and monthly assessments.

When comparing Relaxo's performance to the Sensex, the stock has shown a return of 10.61% over the past week, significantly outperforming the Sensex's 1.76%. However, over longer periods, such as one year and three years, Relaxo has lagged behind the Sensex, with returns of -39.62% and -51.80%, respectively. This evaluation adjustment highlights the company's current standing amidst fluctuating market conditions.