Is Balu Forge technically bullish or bearish?

As of 17 November 2025, the technical trend for Balu Forge has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators, both of which are bearish. The monthly MACD and KST are also mildly bearish, reinforcing the overall negative sentiment. The Dow Theory indicates a mildly bearish outlook on both weekly and monthly time frames. While the daily moving averages show a mildly bullish trend, this is overshadowed by the bearish signals from the weekly Bollinger Bands and the lack of clear signals from the RSI and OBV. Overall, the strength of the bearish stance is moderate, with key indicators consistently pointing towards a downward trend.