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Phoenix Mills Momentum Analysis with RSI and Moving Averages

Momentum analysis

RSI Analysis for PHOENIXLTD

While performing technical analysis of PHOENIXLTD, 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.

The Phoenix Mills Limited is a Real Estate sector stock and is listed on both NSE and BSE under symbol NSE:PHOENIXLTD. The company opened at 1622.15 today, and closed the day at 1576.8 marking a bearish candle.

The current RSI of PHOENIXLTD is at 46.21 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 above share price of The Phoenix Mills Limited.

PHOENIXLTD’s Current and Past Week RSI Values

PHOENIXLTD is trading at rs 1576.8 per share with RSI value of 46.21. The RSI value has fallen by 3.17 points since yesterday. This range shows that the stock is currently under bearish pressure.

In the past week, the average RSI was 47.79 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 2 day(s) showing consistently weakening momentum.

RSI Chart and Updates of PHOENIXLTD Shares

PHOENIXLTD RSI Chart

Latest RSI Updates:

  • 2025-01-29: RSI has declined below 50, indicating bearish momentum.
  • 2025-02-04: Momentum is strong, RSI nearing 60.
  • 2025-02-05: Momentum is gaining as RSI crossed above 50.
  • 2025-02-06: RSI has declined below 50, indicating bearish momentum.
  • 2025-02-07: Momentum is gaining as RSI crossed above 50.

Short Term Analysis of PHOENIXLTD’s RSI

Previous week, PHOENIXLTD's RSI showed notable fluctuations, starting at 49.3791 and closing at 46.207. There was a change of -3.17 points last week. In this week starting on 2025-02-10, The Phoenix Mills Limited's RSI value changed by -4.72. Through this week, the Strength Index made a high of 49.3791 and dipped to 46.207.

This shift indicates a decline in momentum when compared to last week's closing RSI of 46.207. The average RSI for the current week stands at 47.79, which decreased from the previous week's average of 56.54.

Throughout the week, the RSI reached a high of 49.3791 and a low of 46.207, 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 2 day(s) of declines. Such movements provide insights into the short-term trading momentum and the overall trading behavior of PHOENIXLTD.

PHOENIXLTD’s Long Term Relative Strength Index Evaluation

In long term review of The Phoenix Mills Limited, the monthly RSI data shows rising momentum with an average value of 54.05. If we compare previous month value to that of its previous three months, the stock has outperformed.

Average RSI last month: 54.05 > Average RSI last three months: 49.69

This data makes it clear that there is a shift in momentum in the stock from bearish to bullish in the longer term.

PHOENIXLTD’s RSI and Price Correlation

While analysing momentum, it's important that we study The Phoenix Mills Limited's price and RSI together. In the last 7 days, when the RSI of PHOENIXLTD was gaining momentum its price was rising.

DateRSIPriceImplication
2025-02-0365.651822.1Neutral
2025-02-0462.111784.2Bearish
2025-02-0555.031700Bearish
2025-02-0648.991615.6Bearish
2025-02-0750.931643.75Bullish
2025-02-1049.381622.15Neutral
2025-02-1146.211576.8Bearish

1. In the past 7 days, RSI and price moved in the same direction on 5 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 PHOENIXLTD Overbought or Oversold?

RSI can be used to determine overbought and oversold zones. PHOENIXLTD's Relative Strength value of 46.21 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 PHOENIXLTD closed below its 9SMA value of 1672.02.

PHOENIXLTD 9 Day SMA Chart

Shares of The Phoenix Mills Limited have consistently stayed below the 9SMA since last 4 day(s). It is therefore bearish in short term.

PHOENIXLTD’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 1630.78. Another short term trend indicator is 21-day EMA, which is at Rs 1626.96. Latest data show that the 14-day EMA is above the 21-day EMA. Therefore PHOENIXLTD's momentum is increasing in short-term.

Long term trend indicator like 100-day SMA, closed at 1635.19. When comparing PHOENIXLTD's current price of Rs 1576.8 to this average, being below it indicates downward trend in the market over a more longer period.

Short term momentum is bullish and the longer period trend is bearish. This means there is disparity in price in both time frames.

Summary of PHOENIXLTD’s Momentum

PHOENIXLTD's current RSI of 46.21 indicates that the stock is bearish momentum. The 9-day SMA shows a bearish short-term trend, while the 14-day and 21-day EMAs suggest a strengthening momentum. Furthermore, the 100-day SMA reflects a downward long-term trend.

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Disclaimer: Stock targets and forecasts are for educational purposes only and may not be reliable for investment decisions. Use this information at your own risk. This is not an offer to buy or sell stocks. Dailybulls.in and its authors are not liable for any losses. It is not investment advice; seek professional advice before making any investment decisions. Exercise caution and be informed when investing.

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