Apollo Tyres Faces Mixed Technical Trends Amid Recent Stock Performance Shift

Apollo Tyres, a prominent player in the Tyres & Allied industry, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 425.10, showing a notable increase from the previous close of 410.25. Over the past week, Apollo Tyres has demonstrated a stock return of 4.43%, significantly outperforming the Sensex, which returned 1.92% in the same period.
In terms of technical indicators, the weekly MACD remains bearish, while the monthly outlook is mildly bearish. The Relative Strength Index (RSI) shows no signal for both weekly and monthly assessments. Bollinger Bands indicate a mildly bearish trend on both weekly and monthly bases, and moving averages also reflect a mildly bearish sentiment. The KST is bearish on a weekly basis and mildly bearish monthly, while the Dow Theory presents a mildly bullish weekly trend but shifts to mildly bearish monthly.

When analyzing the company's performance over various time frames, Apollo Tyres has experienced a year-to-date return of -19.72%, contrasting with a -3.44% return from the Sensex. However, over a three-year period, the stock has shown a robust return of 119.46%, significantly outpacing the Sensex's 30.39%. This long-term performance highlights the company's resilience in a competitive market.