Relaxo Footwears Faces Mixed Technical Trends Amid Market Evaluation Revision

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 465.85, down from a previous close of 477.35, with a notable 52-week high of 848.95 and a low of 375.35. Today's trading saw a high of 480.00 and a low of 463.60, indicating some volatility.
The technical summary presents a mixed picture. The MACD shows a mildly bullish trend on a weekly basis but is bearish on a monthly scale. The Relative Strength Index (RSI) indicates no signal weekly while being bullish monthly. Bollinger Bands reflect a mildly bullish stance weekly but are mildly bearish monthly. Daily moving averages suggest a mildly bearish trend, while the KST shows bullish weekly momentum but bearish monthly performance. The Dow Theory indicates no trend weekly and a mildly bullish monthly outlook, with On-Balance Volume (OBV) showing no trend weekly and bullish monthly.

In terms of performance, Relaxo Footwears has faced challenges compared to the Sensex. Over the past year, the stock has declined by 42.51%, while the Sensex has only seen a modest increase of 0.68%. This trend is further emphasized over longer periods, with a significant drop of 52.82% over three years, contrasting sharply with the Sensex's 38.90% gain. The evaluation adjustment reflects these underlying trends and the company's current market position.