Relaxo Footwears Faces Mixed Technical Signals Amidst 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, which closed at 470.15, has seen fluctuations with a 52-week high of 841.90 and a low of 375.35. Today's trading range was between 463.20 and 494.00, indicating a volatile session.
The technical summary reveals mixed signals across various indicators. The MACD shows a mildly bullish trend on a weekly basis but turns bearish on a monthly scale. The Relative Strength Index (RSI) presents no signal weekly while indicating bullish momentum monthly. Bollinger Bands reflect a mildly bullish stance weekly, contrasting with a bearish outlook monthly. Daily moving averages are bearish, while the KST indicates bullishness weekly but bearishness monthly. Dow Theory suggests a mildly bullish trend on both weekly and monthly assessments, and the On-Balance Volume (OBV) shows a mildly bearish trend weekly, with a bullish indication monthly.

In terms of performance, Relaxo Footwears has faced significant challenges compared to the Sensex. Over the past year, the stock has declined by 43.24%, while the Sensex has seen a slight decrease of 0.67%. This trend continues over longer periods, with a notable 55.99% drop over three years, contrasting sharply with the Sensex's 39.71% gain. These metrics highlight the company's current struggles in a competitive market landscape.