Uni Abex Alloy Products Ltd Shows Signs of Mild Bullish Momentum Amid Mixed Technical Signals

Technical Trend Evolution and Price Movement

On 1 January 2026, Uni Abex Alloy closed at ₹3,125.00, marking a 3.22% increase from the previous close of ₹3,027.55. The stock traded within a range of ₹3,017.00 to ₹3,134.75 during the day, remaining below its 52-week high of ₹3,995.00 but comfortably above the 52-week low of ₹1,820.05. This price action reflects a recovery phase after a period of consolidation.

The technical trend has shifted from a sideways pattern to mildly bullish, signalling a potential uptrend in the near term. This is supported by daily moving averages which have turned mildly bullish, suggesting that short-term momentum is gaining strength. However, weekly and monthly indicators present a more complex picture.

MACD and Momentum Indicators

The Moving Average Convergence Divergence (MACD) indicator reveals a divergence in momentum across timeframes. On a weekly basis, MACD remains mildly bearish, indicating some caution among traders and investors. Conversely, the monthly MACD has turned bullish, suggesting that longer-term momentum is improving. This divergence implies that while short-term sentiment may be tentative, the broader trend is gaining positive traction.

The Know Sure Thing (KST) indicator, which tracks momentum across multiple timeframes, remains mildly bearish on both weekly and monthly charts. This suggests that despite recent gains, momentum has yet to fully confirm a sustained uptrend, warranting close monitoring for further confirmation.

RSI and Overbought/Oversold Conditions

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This indicates that the stock is neither overbought nor oversold, providing room for further price movement without immediate risk of a reversal due to extreme conditions. The neutral RSI aligns with the mixed signals from MACD and KST, reinforcing the notion of a cautious but improving momentum environment.

Bollinger Bands and Volatility Insights

Bollinger Bands analysis reveals a mildly bearish stance on the weekly chart, suggesting some short-term volatility and potential resistance near current price levels. However, the monthly Bollinger Bands are mildly bullish, indicating that volatility over the longer term may be contracting in a way that favours upward price movement. This contrast between weekly and monthly volatility measures highlights the transitional phase the stock is undergoing.

Moving Averages and Dow Theory Signals

Daily moving averages have turned mildly bullish, with short-term averages crossing above longer-term averages, a classic signal of upward momentum. This technical development supports the recent price gains and suggests that traders are increasingly optimistic about the stock’s near-term prospects.

Dow Theory analysis shows no clear trend on the weekly timeframe but indicates a mildly bullish trend on the monthly scale. This further corroborates the view that while short-term price action may be choppy, the medium-term outlook is improving.

Volume and On-Balance Volume (OBV) Considerations

On-Balance Volume (OBV) data is currently unavailable for both weekly and monthly periods, limiting the ability to assess volume-driven momentum. However, the price appreciation and technical signals suggest that buying interest is gradually increasing, which may be confirmed once volume data becomes available.

Comparative Performance Versus Sensex

Uni Abex Alloy’s returns have outpaced the broader Sensex index across multiple time horizons. Year-to-date and one-year returns stand at 15.44%, compared to Sensex’s 9.06%. Over three years, the stock has surged by an impressive 395.48%, dwarfing the Sensex’s 40.07% gain. Even over five and ten years, Uni Abex Alloy has delivered extraordinary returns of 635.12% and 427.65% respectively, compared to Sensex’s 78.47% and 226.30%. This long-term outperformance underscores the company’s strong growth trajectory within the iron and steel products sector.

Mojo Score Upgrade and Market Capitalisation Insights

MarketsMOJO has upgraded Uni Abex Alloy’s Mojo Grade from Sell to Hold as of 29 December 2025, reflecting improved technical and fundamental outlooks. The current Mojo Score stands at 58.0, signalling moderate confidence in the stock’s prospects. The company’s market capitalisation grade is rated 4, indicating a micro-cap status with potential for growth but also higher volatility risk.

This upgrade aligns with the technical trend shift and recent price momentum, suggesting that investors may consider the stock for cautious accumulation, particularly given its strong historical returns and improving technical signals.

Sector Context and Industry Positioning

Operating within the iron and steel products sector, Uni Abex Alloy benefits from cyclical demand drivers linked to infrastructure, manufacturing, and construction activities. The sector has experienced mixed performance recently, with commodity price fluctuations and global supply chain challenges impacting margins. Uni Abex Alloy’s technical resilience and relative outperformance versus the Sensex highlight its ability to navigate sector headwinds effectively.

Risks and Considerations

Despite the mildly bullish technical signals, some caution is warranted. Weekly MACD and KST indicators remain mildly bearish, and Bollinger Bands suggest potential short-term volatility. The absence of strong RSI signals means momentum confirmation is still pending. Investors should monitor upcoming earnings, sector developments, and broader market conditions to assess sustainability of the current trend.

Outlook and Investor Takeaway

Uni Abex Alloy Products Ltd is currently positioned at a technical inflection point. The shift to a mildly bullish trend, supported by daily moving averages and monthly MACD, suggests that the stock could extend its recent gains if momentum confirms. However, mixed weekly signals and neutral RSI readings imply that investors should remain vigilant for potential volatility and trend reversals.

Given the company’s strong long-term returns relative to the Sensex and the recent upgrade in Mojo Grade, Uni Abex Alloy may appeal to investors seeking exposure to the iron and steel products sector with a moderate risk appetite. Monitoring technical indicators closely over the coming weeks will be crucial to validate the emerging bullish momentum.

Summary of Key Technical Indicators:

• Price: ₹3,125.00 (up 3.22% on 1 Jan 2026)


• Trend: Sideways to mildly bullish


• MACD: Weekly mildly bearish, Monthly bullish


• RSI: Neutral on weekly and monthly


• Bollinger Bands: Weekly mildly bearish, Monthly mildly bullish


• Moving Averages: Daily mildly bullish


• KST: Mildly bearish weekly and monthly


• Dow Theory: No trend weekly, mildly bullish monthly


• Mojo Score: 58.0 (Hold, upgraded from Sell)

Investors should weigh these technical signals alongside fundamental factors and sector dynamics before making allocation decisions.

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