Technical Trend and Momentum Overview
Universal Cables currently trades at ₹672.55, slightly down by 0.19% from the previous close of ₹673.80. The stock’s 52-week range spans from ₹408.10 to ₹1,007.00, indicating significant volatility over the past year. The recent technical trend has shifted from mildly bearish to sideways, signalling a potential pause or consolidation phase after previous downward pressure.
Examining the Moving Averages on a daily basis reveals a mildly bullish stance, suggesting short-term upward momentum. However, this is contrasted by the weekly and monthly Bollinger Bands, both indicating bearish conditions, which implies that the stock price remains under pressure within its volatility bands. The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture: weekly MACD remains bearish, while the monthly MACD has turned bullish, highlighting a divergence between short-term weakness and longer-term strength.
RSI and KST Indicators Signal Caution
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This lack of momentum in RSI suggests that the stock is neither overbought nor oversold, reinforcing the sideways trend interpretation. Meanwhile, the Know Sure Thing (KST) oscillator remains mildly bearish on both weekly and monthly timeframes, indicating that momentum is still subdued and caution is warranted.
Volume and Trend Confirmation Metrics
On-Balance Volume (OBV) analysis reveals no clear trend on the weekly chart, but a mildly bearish signal on the monthly chart. This suggests that volume flows have not strongly supported price advances recently, which could limit the sustainability of any upward moves. Additionally, Dow Theory assessments on both weekly and monthly scales report no clear trend, further underscoring the current indecisiveness in the stock’s directional movement.
Price Action and Market Context
Today’s trading range for Universal Cables was between ₹665.00 and ₹705.25, with the intraday high approaching the upper band but failing to sustain above it. This price action aligns with the sideways technical trend, where resistance near the upper Bollinger Band caps gains. The stock’s day change of -0.19% reflects this cautious sentiment among traders.
Comparing Universal Cables’ returns against the Sensex reveals a mixed performance. Over the past week, the stock declined by 1.90%, while the Sensex marginally increased by 0.02%. Over one month, Universal Cables gained 0.97%, lagging behind the Sensex’s 2.15% rise. Year-to-date, the stock has underperformed significantly with a -24.24% return compared to the Sensex’s -2.26%. However, over longer horizons, Universal Cables has outperformed substantially, delivering 23.57% over one year versus the Sensex’s 10.60%, 79.23% over three years against 39.74%, 388.59% over five years compared to 67.42%, and an impressive 846.59% over ten years versus the Sensex’s 255.80%.
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Mojo Score and Grade Downgrade
Universal Cables’ current Mojo Score stands at 40.0, reflecting a cautious outlook. The Mojo Grade was downgraded from Hold to Sell on 13 February 2026, signalling a deterioration in the stock’s technical and fundamental outlook as assessed by MarketsMOJO. The Market Cap Grade remains low at 3, indicating limited market capitalisation strength relative to peers. This downgrade aligns with the mixed technical signals and recent price underperformance, suggesting investors should exercise prudence.
Sector and Industry Positioning
Operating within the Cables - Electricals sector, Universal Cables faces competitive pressures and cyclical demand fluctuations. The sector itself has shown resilience, but the stock’s sideways technical trend and bearish weekly MACD highlight challenges in sustaining momentum. Investors should consider sector dynamics alongside technical indicators when evaluating Universal Cables’ prospects.
Technical Indicator Summary
The overall technical landscape for Universal Cables is nuanced. While daily moving averages hint at mild bullishness, weekly and monthly indicators such as MACD and Bollinger Bands predominantly signal bearish or neutral conditions. The absence of strong RSI signals and the mildly bearish KST and OBV readings reinforce a cautious stance. The Dow Theory’s lack of trend confirmation further emphasises the stock’s current consolidation phase.
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Investor Takeaway and Outlook
For investors, Universal Cables presents a complex technical picture. The sideways trend following a mildly bearish phase suggests a period of consolidation, with neither bulls nor bears firmly in control. The mixed signals from MACD, RSI, and moving averages imply that short-term traders should remain cautious, while long-term investors may find value given the stock’s strong multi-year returns relative to the Sensex.
Given the downgrade to a Sell grade and the subdued volume trends, it is prudent to monitor key support levels near ₹665 and resistance around ₹705 closely. A decisive breakout above the upper Bollinger Band and sustained bullish MACD on weekly charts could signal renewed upward momentum. Conversely, a breakdown below recent lows may confirm a continuation of bearish pressure.
Ultimately, Universal Cables’ technical parameters suggest a watchful approach, balancing the stock’s historical outperformance with current market uncertainties and sector dynamics.
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