S J Logistics (India) Ltd Technical Momentum Shifts Amid Mixed Market Signals

Technical Trend and Price Momentum Overview

The stock closed at ₹353.05 on 5 Feb 2026, up from the previous close of ₹334.25, marking a strong intraday high of ₹357.90 and a low of ₹335.00. This price action represents a significant short-term rebound, with a weekly return of 6.24% outperforming the Sensex’s 1.71% over the same period. However, the monthly and year-to-date returns remain negative at -4.63% and -3.96% respectively, signalling persistent headwinds.

The 52-week price range of ₹300.00 to ₹685.00 highlights the stock’s volatility and the substantial correction it has undergone over the past year. The current price sits closer to the lower end of this range, suggesting limited upside momentum without a sustained technical turnaround.

MACD and RSI: Divergent Signals

The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly timeframe, indicating that the short-term momentum is still under pressure despite recent gains. The monthly MACD is neutral, showing no clear directional bias. This divergence suggests that while short-term traders may find opportunities, the broader trend has yet to confirm a sustained recovery.

The Relative Strength Index (RSI) offers no definitive signals on either the weekly or monthly charts, hovering in a neutral zone. This lack of momentum extremes implies that the stock is neither overbought nor oversold, leaving room for directional movement but no clear momentum bias.

Moving Averages and Bollinger Bands: Bearish to Mildly Bearish Transition

Daily moving averages continue to signal a bearish trend, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This technical positioning typically indicates downward pressure and a cautious outlook among market participants.

Bollinger Bands on both weekly and monthly charts have shifted to a mildly bearish stance, reflecting increased volatility and a tendency for the price to remain near the lower band. This pattern often precedes either a consolidation phase or a potential breakout, depending on volume and broader market conditions.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator remains bearish on the weekly timeframe, reinforcing the cautious stance among technical analysts. The monthly KST data is unavailable, limiting longer-term momentum assessment.

Interestingly, Dow Theory analysis on the weekly chart shows a mildly bullish signal, suggesting that some market participants perceive the potential for a trend reversal or at least a pause in the downtrend. However, the monthly Dow Theory trend remains neutral, indicating no clear directional commitment over the longer term.

On-Balance Volume (OBV) readings are mildly bullish on the weekly scale, implying that volume trends are somewhat supportive of price advances. This divergence between price and volume indicators could signal accumulation phases by institutional investors or a base-building process.

Mojo Score and Market Capitalisation Insights

S J Logistics holds a Mojo Score of 45.0, categorised as a Sell, downgraded from a previous Hold rating on 19 Jun 2025. This downgrade reflects deteriorating technical and fundamental conditions as assessed by MarketsMOJO’s proprietary scoring system. The company’s market cap grade stands at 4, indicating a relatively modest market capitalisation within its sector.

The downgrade aligns with the mixed technical signals and the stock’s underperformance relative to the broader market, particularly the Sensex’s 8.58% gain over the past year compared to the stock’s 40.64% decline.

Comparative Performance and Sector Context

Within the transport services sector, S J Logistics’ recent price momentum contrasts with broader industry trends. While the sector has faced headwinds from fluctuating fuel costs and regulatory changes, some peers have demonstrated stronger resilience or recovery patterns. The stock’s weekly outperformance of 6.24% versus the Sensex’s 1.71% suggests short-term tactical buying interest, but the longer-term negative returns caution investors against complacency.

Investors should weigh these technical signals alongside fundamental factors such as earnings growth, cash flow stability, and sector outlook before making allocation decisions.

Investor Takeaways and Outlook

For investors tracking S J Logistics, the current technical landscape presents a nuanced picture. The recent price rebound and mildly bullish volume indicators offer some optimism for a short-term recovery. However, the persistence of bearish signals from MACD, moving averages, and Bollinger Bands counsel caution.

Given the stock’s significant underperformance over the past year and the downgrade in Mojo Grade to Sell, a conservative approach is advisable. Investors may consider waiting for confirmation of a sustained trend reversal, such as a weekly MACD crossover to bullish or a break above key moving averages, before increasing exposure.

Meanwhile, monitoring sector developments and peer performance will be critical to contextualise S J Logistics’ trajectory within the transport services industry.

Summary of Key Technical Metrics

• Current Price: ₹353.05 (5 Feb 2026)
• Day Change: +5.62%
• 52-Week Range: ₹300.00 - ₹685.00
• MACD: Weekly Bearish, Monthly Neutral
• RSI: No Signal (Weekly & Monthly)
• Bollinger Bands: Mildly Bearish (Weekly & Monthly)
• Moving Averages: Daily Bearish
• KST: Weekly Bearish
• Dow Theory: Weekly Mildly Bullish
• OBV: Weekly Mildly Bullish
• Mojo Score: 45.0 (Sell, downgraded from Hold)
• Market Cap Grade: 4

In conclusion, while S J Logistics (India) Ltd shows signs of tentative technical improvement, the overall momentum remains fragile. Investors should balance these signals with fundamental analysis and broader market conditions before committing capital.

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