Is ADF Foods technically bullish or bearish?

Sep 17 2025 08:06 AM IST
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As of September 16, 2025, ADF Foods shows a mildly bearish trend, indicated by bearish momentum from the MACD and KST, despite some underlying buying pressure from the On-Balance Volume.
As of 16 September 2025, the technical trend for ADF Foods has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish momentum, while the monthly indicators show a mildly bearish trend. The daily moving averages also confirm a bearish outlook. However, the On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, suggesting some underlying buying pressure. Overall, the lack of strong bullish signals and the presence of bearish indicators point to a mildly bearish sentiment in the market.
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