While performing technical analysis of SHOPERSTOP, 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.
Shoppers Stop Limited is a Consumer Cyclical sector stock and is listed on both NSE and BSE under symbol NSE:SHOPERSTOP. The company opened at 490 today, and closed the day at 487.7 marking a bearish candle.
The current RSI of SHOPERSTOP is at 24.32 implies that the stock is in oversold zone. 9 period SMA, a short term moving average which is used as a trend following indicator is above share price of Shoppers Stop Limited.
Also read - SHOPERSTOP long term target analysis | SHOPERSTOP analysis for tomorrow
SHOPERSTOP’s Current and Past Week RSI Values
SHOPERSTOP is trading at rs 487.7 per share with RSI value of 24.32. The RSI value has fallen by 2.29 points since yesterday. This range shows that the stock is currently under bearish pressure.
In the past week, the average RSI was 25.47 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 SHOPERSTOP Shares
Latest RSI Updates:
- 2025-01-31: RSI is nearing oversold level of 40.
- 2025-02-05: Momentum is gaining as RSI crossed above 50.
- 2025-02-20: RSI has entered the oversold area below 30.
- 2025-02-27: Momentum is low, RSI fell below 30.
- 2025-03-04: Momentum is low, RSI fell below 30.
Short Term Analysis of SHOPERSTOP’s RSI
Previous week, SHOPERSTOP's RSI showed notable fluctuations, starting at 26.6124 and closing at 24.3179. There was a change of -2.29 points last week. In this week starting on 2025-03-10, Shoppers Stop Limited's RSI value changed by -7.82. Through this week, the Strength Index made a high of 26.6124 and dipped to 24.3179.
This shift indicates a decline in momentum when compared to last week's closing RSI of 24.3179. The average RSI for the current week stands at 25.47, which decreased from the previous week's average of 31.49.
Throughout the week, the RSI reached a high of 26.6124 and a low of 24.3179, 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 SHOPERSTOP.
SHOPERSTOP’s Long Term Relative Strength Index Evaluation
In long term review of Shoppers Stop Limited, the monthly RSI data shows falling momentum with an average value of 29.77. 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.
SHOPERSTOP’s RSI and Price Correlation
While analysing momentum, it's important that we study Shoppers Stop Limited's price and RSI together. In the last 7 days, when the RSI of SHOPERSTOP was gaining momentum its price was rising.
| Date | RSI | Price | Implication |
|---|---|---|---|
| 2025-03-03 | 29.13 | 514.85 | Neutral |
| 2025-03-04 | 28.37 | 512.25 | Oversold |
| 2025-03-05 | 33.58 | 519.55 | Bullish |
| 2025-03-06 | 34.21 | 520.45 | Bullish |
| 2025-03-07 | 32.14 | 514.8 | Bearish |
| 2025-03-10 | 26.61 | 496.85 | Oversold |
| 2025-03-11 | 24.32 | 487.7 | Oversold |
1. In the past 7 days, RSI and price moved in the same direction on 3 day(s), indicating consistent momentum.
2. The RSI entered oversold territory on 4 day(s), suggesting potential price rebounds.
3. No significant divergences were detected, suggesting stable momentum without clear signals for trend reversal.
Is SHOPERSTOP Overbought or Oversold?
RSI can be used to determine overbought and oversold zones. SHOPERSTOP's Relative Strength value of 24.32 shows that the stock is in oversold zone.
9 Day SMA Analysis
9SMA is a useful trend-following indicator that is helpful in identification of short term trend. Currently SHOPERSTOP closed below its 9SMA value of 511.84.
Shares of Shoppers Stop Limited have consistently stayed below the 9SMA since last 22 day(s). It is therefore bearish in short term.
SHOPERSTOP’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 518.88. Another short term trend indicator is 21-day EMA, which is at Rs 529.91. Latest data show that the 14-day EMA is below the 21-day EMA. Therefore SHOPERSTOP's momentum is decreasing in short-term.
Long term trend indicator like 100-day SMA, closed at 604.23. When comparing SHOPERSTOP's current price of Rs 487.7 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 SHOPERSTOP’s Momentum
SHOPERSTOP's current RSI of 24.32 indicates that the stock is oversold momentum. The 9-day SMA shows a bearish 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.
