Technical Trend Overview and Price Movement
The stock closed at ₹221.00 on 5 Feb 2026, up from the previous close of ₹216.00, marking a daily increase of 2.31%. The intraday range was relatively narrow, with a low of ₹217.05 and a high of ₹221.80. Over the past 52 weeks, Sreeleathers has traded between ₹207.80 and ₹283.00, indicating a significant volatility range of approximately 36% from low to high.
Technically, the overall trend has shifted from bearish to mildly bearish, signalling a tentative improvement in price momentum but still reflecting caution among traders. The daily moving averages remain mildly bearish, suggesting that short-term price averages are still trending below longer-term averages, which typically indicates subdued buying interest.
MACD and Momentum Oscillators
The Moving Average Convergence Divergence (MACD) indicator presents a nuanced view. On a weekly basis, the MACD is mildly bullish, hinting at a potential upward momentum building over the medium term. However, the monthly MACD remains bearish, indicating that the longer-term trend has yet to confirm a sustained recovery. This divergence between weekly and monthly MACD readings suggests that while short-term momentum is improving, the stock remains under pressure from a longer-term perspective.
The Relative Strength Index (RSI) on both weekly and monthly charts shows no clear signal, hovering in neutral zones without indicating overbought or oversold conditions. This lack of RSI extremes implies that the stock is not currently experiencing strong momentum in either direction, which aligns with the mildly bearish technical trend.
Bollinger Bands and Volatility Assessment
Bollinger Bands on weekly and monthly timeframes are mildly bearish, reflecting a contraction in price volatility with a downward bias. This suggests that while price fluctuations have narrowed, the prevailing pressure remains slightly negative. The stock’s current price near the lower end of its recent trading range supports this observation, indicating limited upside momentum in the near term.
Additional Technical Indicators: KST, Dow Theory, and OBV
The Know Sure Thing (KST) oscillator remains bearish on both weekly and monthly charts, reinforcing the cautious stance on momentum. Dow Theory analysis shows no definitive trend on either timeframe, signalling market indecision. Similarly, On-Balance Volume (OBV) does not indicate a clear trend, suggesting that volume flows have not decisively favoured buyers or sellers recently.
Comparative Performance Against Sensex
When benchmarked against the Sensex, Sreeleathers’ returns reveal a mixed performance. Over the past week, the stock gained 0.18%, lagging behind the Sensex’s 1.79% rise. However, over the last month and year-to-date periods, Sreeleathers outperformed the Sensex, delivering 1.10% and 1.56% returns respectively, while the Sensex declined by 2.27% and 1.65% in the same intervals. This relative outperformance in the short term is a positive sign amid broader market weakness.
On a longer horizon, the stock’s one-year return stands at -12.27%, significantly underperforming the Sensex’s 6.66% gain. Over three, five, and ten years, Sreeleathers has delivered cumulative returns of 13.89%, 51.37%, and 75.40%, respectively, trailing the Sensex’s robust gains of 37.76%, 65.60%, and 244.38%. This highlights the company’s challenges in sustaining growth compared to the broader market.
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Mojo Score and Ratings Update
Sreeleathers currently holds a Mojo Score of 37.0, categorised as a Sell rating. This represents an upgrade from a previous Strong Sell grade assigned on 1 Aug 2025. The improvement in rating reflects the recent technical momentum shift and some stabilisation in price action. However, the Mojo Grade remains firmly in the Sell territory, signalling that the stock still faces significant headwinds.
The company’s Market Cap Grade is rated 4, indicating a relatively small market capitalisation that may contribute to higher volatility and liquidity concerns. Investors should weigh these factors carefully when considering exposure to this micro-cap footwear stock.
Moving Averages and Short-Term Outlook
Daily moving averages continue to show a mildly bearish trend, with short-term averages still below longer-term averages. This suggests that while the stock has gained some ground recently, it has not yet established a clear upward trajectory. Traders should watch for a sustained crossover of moving averages as a potential signal of trend reversal.
The absence of strong signals from RSI and Dow Theory further emphasises the current indecision in the stock’s price action. Until more definitive momentum emerges, the outlook remains cautiously neutral to mildly bearish.
Investment Implications and Sector Context
Within the footwear sector, Sreeleathers faces competitive pressures and market challenges that have constrained its growth relative to peers and the broader market. The stock’s recent technical improvements may offer short-term trading opportunities, but fundamental concerns and modest Mojo ratings suggest a cautious approach.
Investors seeking exposure to the footwear sector might consider diversifying into companies with stronger technical momentum and more favourable fundamental profiles. Monitoring Sreeleathers’ technical indicators for confirmation of sustained bullish trends will be critical before committing to a longer-term position.
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Conclusion: A Cautious Technical Rebound
Sreeleathers Ltd. is currently navigating a delicate phase of technical transition. The shift from bearish to mildly bearish momentum, supported by a mildly bullish weekly MACD and stable RSI readings, suggests the stock is attempting to stabilise after a prolonged downtrend. However, the persistence of bearish signals on monthly MACD, KST, and Bollinger Bands, combined with a modest Mojo Score of 37 and a Sell rating, counsel prudence.
For investors, the stock’s recent outperformance against the Sensex over one month and year-to-date periods is encouraging but insufficient to offset longer-term underperformance. The footwear sector’s competitive dynamics and Sreeleathers’ small market capitalisation add layers of risk that must be carefully managed.
In summary, while technical indicators hint at a potential bottoming process, confirmation of a sustained uptrend is yet to materialise. Market participants should monitor key technical signals closely and consider alternative investment opportunities with stronger momentum and fundamentals.
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