Relaxo Footwears Experiences Technical Trend Shifts Amid Mixed Market Performance

Relaxo Footwears, a small-cap player in the footwear industry, has recently undergone a technical trend adjustment. The company's current stock price stands at 486.90, reflecting a slight increase from the previous close of 478.85. 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 present a bullish outlook weekly, contrasting with a mildly bearish stance monthly. Daily moving averages reflect a mildly bearish trend, while the KST shows a bullish weekly trend but a bearish monthly outlook.

When comparing the company's performance to the Sensex, Relaxo Footwears has shown a mixed return profile. Over the past week, the stock returned 4.52%, while the Sensex declined by 1.56%. In the one-month period, Relaxo outperformed the Sensex with a return of 9.59% against a slight decline in the index. However, the year-to-date performance reveals a decline of 21.63%, contrasting sharply with the Sensex's gain of 2.85%. Over three years, Relaxo's return has been notably negative at -51.83%, while the Sensex has appreciated by 36.75%. This evaluation revision highlights the company's current challenges and its fluctuating market position.