Shipping Corporation of India Shows Mixed Technical Trends Amid Market Evaluation Revision

Shipping Corporation of India (SCI), a midcap player in the transport services industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 216.90, down from a previous close of 221.55, with a notable 52-week high of 351.65 and a low of 138.25. Today's trading saw a high of 221.25 and a low of 215.90.
The technical summary indicates a mixed performance across various indicators. The MACD shows a bullish trend on a weekly basis, while the monthly perspective leans mildly bearish. The Relative Strength Index (RSI) is bearish weekly, with no signal on a monthly basis. Bollinger Bands reflect a mildly bullish stance weekly, contrasting with a sideways trend monthly. Daily moving averages are bullish, while the KST indicates a bullish weekly trend but mildly bearish monthly. The Dow Theory suggests a mildly bullish weekly outlook, with no trend observed monthly. The On-Balance Volume (OBV) shows no trend weekly but is bullish monthly.

In terms of performance, SCI's stock return over the past year has been significantly lower than the Sensex, with a decline of 37.41% compared to the Sensex's modest gain of 2.15%. However, over a three-year and five-year period, SCI has outperformed the Sensex, with returns of 175.02% and 367.93%, respectively. This long-term performance highlights the company's resilience in the transport services sector despite recent challenges.