Is Anglogold Ashanti Plc technically bullish or bearish?

Jun 25 2025 09:24 AM IST
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As of May 19, 2025, the trend is bullish with strong indicators like the weekly MACD and moving averages supporting this view, although caution is advised due to a mildly bearish monthly OBV and no signal from the monthly MACD.
As of 19 May 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish as well. Daily moving averages also indicate a bullish trend. However, the monthly MACD shows no signal, and the On-Balance Volume (OBV) is mildly bearish on a monthly basis, suggesting some caution. Overall, the bullish trend is reinforced by the recent price action, with the stock currently trading at 48.30, above the previous close of 47.98.
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