Is Balu Forge technically bullish or bearish?
As of August 21, 2025, Balu Forge's technical trend is mildly bearish, supported by bearish MACD readings and moving averages, while showing mixed signals in Bollinger Bands and volume trends.
As of 21 August 2025, the technical trend for Balu Forge has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD readings, both indicating a bearish sentiment. The moving averages on the daily chart are also bearish, reinforcing the negative outlook. The Bollinger Bands show a mixed signal with a mildly bearish stance on the weekly and mildly bullish on the monthly, while the KST and Dow Theory both reflect a mildly bearish trend on the weekly and monthly time frames. The OBV is mildly bearish on the weekly but bullish on the monthly, suggesting some divergence in volume trends. Overall, the indicators point to a mildly bearish sentiment with limited strength.
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