Is Automotive Axles technically bullish or bearish?

Aug 29 2025 08:05 AM IST
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As of August 28, 2025, the market trend has shifted to mildly bearish due to bearish signals from MACD, Bollinger Bands, and KST, despite some mildly bullish daily moving averages.
As of 28 August 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by bearish signals from the MACD on both weekly and monthly time frames, as well as bearish indications from Bollinger Bands. The KST is also mildly bearish on the weekly and bearish on the monthly. Although daily moving averages show a mildly bullish trend, the overall sentiment is dampened by the lack of strong signals from the RSI and the mixed signals from Dow Theory and OBV. The recent price action, with a decline from the previous close and a significant drop in the monthly return, further supports this bearish outlook.
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