Is Anghami, Inc. technically bullish or bearish?
As of June 5, 2025, the technical trend has shifted to a bearish stance, supported by bearish signals from the MACD, moving averages, KST, and Bollinger Bands, along with significant underperformance compared to the S&P 500.
As of 5 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. Key indicators driving this include the weekly MACD being bearish, daily moving averages showing bearish signals, and both the weekly and monthly KST being bearish. Additionally, Bollinger Bands indicate a bearish trend on the monthly timeframe. The stock has underperformed significantly compared to the S&P 500 over multiple periods, further reinforcing the bearish outlook.
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