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SHOPERSTOP Momentum Analysis with RSI and Moving Averages

Momentum analysis

RSI Analysis for SHOPERSTOP

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 591.1 today, and closed the day at 567.2 marking a bearish candle.

The current RSI of SHOPERSTOP is at 36.06 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 Shoppers Stop Limited.

SHOPERSTOP’s Current and Past Week RSI Values

SHOPERSTOP is trading at rs 567.2 per share with RSI value of 36.06. The RSI value has fallen by 10.37 points since yesterday. This range shows that the stock is currently under bearish pressure.

In the past week, the average RSI was 41.24 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

SHOPERSTOP RSI Chart

Latest RSI Updates:

  • 2025-01-10: Momentum is gaining as RSI crossed above 50.
  • 2025-01-13: Momentum is weakening as RSI fell below 50.
  • 2025-01-21: Momentum is gaining as RSI crossed above 50.
  • 2025-01-31: Relative strength near oversold zone at 40.
  • 2025-02-05: Momentum is gaining as RSI crossed above 50.

Short Term Analysis of SHOPERSTOP’s RSI

Previous week, SHOPERSTOP's RSI showed notable fluctuations, starting at 46.4323 and closing at 36.055. There was a change of -10.38 points last week. In this week starting on 2025-02-10, Shoppers Stop Limited's RSI value changed by -9.23. Through this week, the Strength Index made a high of 46.4323 and dipped to 36.055.

This shift indicates a decline in momentum when compared to last week's closing RSI of 36.055. The average RSI for the current week stands at 41.24, which decreased from the previous week's average of 49.74.

Throughout the week, the RSI reached a high of 46.4323 and a low of 36.055, 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 rising momentum with an average value of 47.81. If we compare previous month value to that of its previous three months, the stock has outperformed.

Average RSI last month: 47.81 > Average RSI last three months: 39.44

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.

DateRSIPriceImplication
2025-02-0351.52608.5Neutral
2025-02-0452.29610.45Bullish
2025-02-0552.96612.05Bullish
2025-02-0646.64597.6Bearish
2025-02-0745.29594.25Bearish
2025-02-1046.43596.55Neutral
2025-02-1136.06567.2Bearish

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 SHOPERSTOP Overbought or Oversold?

RSI can be used to determine overbought and oversold zones. SHOPERSTOP's Relative Strength value of 36.06 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 SHOPERSTOP closed below its 9SMA value of 596.43.

SHOPERSTOP 9 Day SMA Chart

Shares of Shoppers Stop Limited have consistently stayed below the 9SMA since last 3 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 595.3. Another short term trend indicator is 21-day EMA, which is at Rs 598.55. 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 655.96. When comparing SHOPERSTOP's current price of Rs 567.2 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 36.06 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 weakening 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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