While performing technical analysis of BASF, RSI becomes one of the most important indicators to study stock momentum. Other indicators like, SMA and EMA are useful tools that traders can use to analyze overbought or oversold zones.
BASF India Limited is a Basic Materials sector stock and is listed on both NSE and BSE under symbol NSE:BASF. The company opened at 4440 today, and closed the day at 4405.3 marking a bearish candle.
The current RSI of BASF is at 42.26 implies that the stock is not in overbought/oversold zone. 9 period SMA, a short term moving average which is used as a trend following indicator is below share price of BASF India Limited.
Also read - BASF long term target analysis | BASF analysis for tomorrow
BASF’s Current and Past Week RSI Values
BASF is trading at rs 4405.3 per share with RSI value of 42.26. The RSI value has fallen by 1.83 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 42.01 which is lower than 50. This signals bearishness in the company’s share price. The stock has managed to stay below the level 50 for the past 5 day(s) showing consistently weakening momentum.
RSI Chart and Updates of BASF Shares
Latest RSI Updates:
- 2025-01-28: RSI has entered the oversold area below 30.
- 2025-02-05: RSI has entered the oversold area below 30.
- 2025-02-10: RSI has entered the oversold area below 30.
- 2025-02-14: Momentum is low, RSI fell below 30.
- 2025-02-18: Momentum is weak, RSI approaching 40.
Short Term Analysis of BASF’s RSI
Previous week, BASF's RSI showed notable fluctuations, starting at 39.8149 and closing at 42.2557. There was a change of 2.44 points last week. In this week starting on 2025-02-17, BASF India Limited's RSI value changed by 14.92. Through this week, the Strength Index made a high of 44.0895 and dipped to 39.8149.
This shift indicates a rise in momentum when compared to last week's closing RSI of 42.2557. The average RSI for the current week stands at 42.01, which increased from the previous week's average of 30.24.
Throughout the week, the RSI reached a high of 44.0895 and a low of 39.8149, illustrating the range of volatility in investor sentiment. This volatility is further underscored by the daily trends, where the RSI recorded 0 day(s) of rises and 5 day(s) of declines. Such movements provide insights into the short-term trading momentum and the overall trading behavior of BASF.
BASF’s Long Term Relative Strength Index Evaluation
In long term review of BASF India Limited, the monthly RSI data shows falling momentum with an average value of 33.44. If we compare previous month value to that of its previous three months, the stock has underperformed.
This data makes it clear that there is no significant shift in momentum in the stock in the longer term.
BASF’s RSI and Price Correlation
While analysing momentum, it's important that we study BASF India Limited's price and RSI together. In the last 7 days, when the RSI of BASF was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2025-02-13 | 29.99 | 4247.15 | Neutral |
| 2025-02-14 | 27.33 | 4146.45 | Oversold |
| 2025-02-17 | 39.81 | 4365.55 | Neutral |
| 2025-02-18 | 39.97 | 4368.6 | Bullish |
| 2025-02-19 | 43.92 | 4446.35 | Bullish |
| 2025-02-20 | 44.09 | 4449.6 | Bullish |
| 2025-02-21 | 42.26 | 4405.3 | Bearish |
1. In the past 7 days, RSI and price moved in the same direction on 4 day(s), indicating consistent momentum.
2. The RSI entered oversold territory on 2 day(s), suggesting potential price rebounds.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is BASF Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. BASF's Relative Strength value of 42.26 shows that the stock is not in overbought or oversold zone.
9 Day SMA Analysis
9SMA is a useful trend-following indicator that is helpful in identification of short term trend. Currently BASF closed above its 9SMA value of 4341.29.
Shares of BASF India Limited have consistently stayed above the 9SMA since last 5 day(s). It is therefore bullish in short term.
BASF’s 14, 21 Exponential Moving Average and 100 Day Simple Moving Average
14-day EMA is an indicator that is sensitive to short-term price movements. Currently 14EMA is at 4401.49. Another short term trend indicator is 21-day EMA, which is at Rs 4476.01. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore BASF's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 5957.46. When comparing BASF's current price of Rs 4405.3 to this average, being below it indicates downward trend in the market over a more longer period.
Short term momentum is bearish and the longer period trend is bearish. This means there is no disparity in price in both time frames.
Summary of BASF’s Momentum
BASF's current RSI of 42.26 indicates that the stock is bearish momentum. The 9-day SMA shows a bullish short-term trend, while the 14-day and 21-day EMAs suggest a weakening momentum. Furthermore, the 100-day SMA reflects a downward long-term trend.
