While performing technical analysis of MMTC, 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.
MMTC Limited is a Industrials sector stock and is listed on both NSE and BSE under symbol NSE:MMTC. The company opened at 53.05 today, and closed the day at 54.84 marking a bullish candle.
The current RSI of MMTC is at 49.15 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 MMTC Limited.
Also read - MMTC long term target analysis | MMTC analysis for tomorrow
MMTC’s Current and Past Week RSI Values
MMTC is trading at rs 54.84 per share with RSI value of 49.15. The RSI value has risen by 2.66 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 41.28 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 MMTC Shares
Latest RSI Updates:
- 2025-02-03: Momentum is weak, RSI approaching 40.
- 2025-02-19: Relative strength is oversold with RSI below 30.
- 2025-03-04: Momentum is low, RSI fell below 30.
- 2025-03-06: Relative strength near oversold zone at 40.
- 2025-03-18: Relative strength near oversold zone at 40.
Short Term Analysis of MMTC’s RSI
Previous week, MMTC's RSI showed notable fluctuations, starting at 32.56 and closing at 49.15. There was a change of 16.59 points last week. In this week starting on 2025-03-17, MMTC Limited's RSI value changed by 14.94. Through this week, the Strength Index made a high of 49.15 and dipped to 32.56.
This shift indicates a rise in momentum when compared to last week's closing RSI of 49.15. The average RSI for the current week stands at 41.28, which increased from the previous week's average of 35.79.
Throughout the week, the RSI reached a high of 49.15 and a low of 32.56, 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 MMTC.
MMTC’s Long Term Relative Strength Index Evaluation
In long term review of MMTC Limited, the monthly RSI data shows falling momentum with an average value of 36.75. 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.
MMTC’s RSI and Price Correlation
While analysing momentum, it's important that we study MMTC Limited's price and RSI together. In the last 7 days, when the RSI of MMTC was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2025-03-12 | 34.81 | 50.76 | Neutral |
| 2025-03-13 | 34.21 | 50.41 | Bearish |
| 2025-03-17 | 32.56 | 49.46 | Neutral |
| 2025-03-18 | 32.56 | 49.46 | Neutral |
| 2025-03-19 | 45.64 | 53.56 | Bullish |
| 2025-03-20 | 46.49 | 53.87 | Bullish |
| 2025-03-21 | 49.15 | 54.84 | Bullish |
1. In the past 7 days, RSI and price moved in the same direction on 4 day(s), indicating consistent momentum.
2. The RSI remained within normal ranges, indicating no extreme overbought or oversold conditions in the past 7 days.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is MMTC Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. MMTC's Relative Strength value of 49.15 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 MMTC closed above its 9SMA value of 51.84.
Shares of MMTC Limited have consistently stayed above the 9SMA since last 3 day(s). It is therefore bullish in short term.
MMTC’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 52.87. Another short term trend indicator is 21-day EMA, which is at Rs 53.97. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore MMTC's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 68.77. When comparing MMTC's current price of Rs 54.84 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 MMTC’s Momentum
MMTC's current RSI of 49.15 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.
